Innocent is building
a reputation as a rising oil and gas exploration company that focuses on
development of energy resource properties in North America. The company is
targeting proven petroleum reserves in an effort to cut down on risks and costs
associated with property exploration. INCT relies on its capable leadership and
technical team who together possess over 140 years of experience.
The company has
charted a well-defined business strategy consisting entirely of acquisitions
and strategic joint-ventures. Through its ability and experience at identifying
high-potential oil and gas properties, the company concentrates on two distinct
areas of interest. It is engaging in development of properties with low-risk
and high-upside, and making strategic acquisitions and liquidating select oil
and gas properties to maximize profit.
Currently, Innocent
is focusing on the Wyoming-based Powder River Basin. The basin covers a sizable
area, spanning around 120 miles east-to-west and 200 miles north-to-south. The
Powder River Basin’s reputation is one of a strong contributor to American energy
production. In 2013, state statistics showed that the Wyoming-based oil
industry produced over 60 million barrels of oil. It is estimated that the
Powder River Basin accounted for one-third of that production. Other reports
indicate Wyoming’s oil production may exceed 66 million barrels in 2014.
Working in a 24,000
square-mile area, Innocent has identified the areas where the objective
oil-bearing formations are less than 2,500 feet below the surface as its target
area. The company shows interest in expanding exploration to other promising
sites in Wyoming and South Dakota as well. For general management of the
project, Innocent procures the expertise of Dallas-based Evergreen Petroleum,
an established, reputable company with over 150 years of experience in the oil
and gas industry. Drilling operations are to be handled by L & J Operating
Inc. of Gillette, Wyoming. L & J Operating will be responsible for duties
such as obtaining the required bonds, preparing relevant paperwork, selecting
contractors and suppliers, accounts payable and produced oil sales. Overall,
Innocent and Evergreen will oversee and supervise all project details.
Innocent points to
its experience and technical leadership to capitalize on the Powder River Basin
resource potential and sustainable production value as it continues to realize
robust, long-term growth.
For more information
on Innocent, visit: www.innocentinc.com
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