With the expertise
of specialized energy experts with combined industry experience exceeding 150
years, Cardinal Energy Group’s vision is to become a nationally-recognized oil
and gas exploration and production company.
The Energy
Information Administration estimates the United States has recoverable reserves
of 223 billion barrels of oil and 2.4 trillion cubic feet of wet natural gas.
Cardinal concentrates on promoting United States oil and gas development and
production in a manner that maximizes economic recovery as well as fully
protects land and royalty owners. Energizing the company’s efforts is the fact
that many of the lower 48 states possess oil and gas formations with reserves
that are economically recoverable and proven by more than 75 years of
exploration geological research, and production. These formations are known to
range from 350 to 21,000 feet below ground level.
The two pillars in
Cardinal’s growth plan to recover oil and gas reserves are to acquire producing
fields with significant, proven reservoirs that provide growth opportunities
through drilling programs and to re-work marginal, neglected, abandoned, and
low producing oil and gas wells located in mature fields with economically
efficient secondary recovery methods.
With the emergence
of advanced horizontal drilling, new fracturing technologies, and higher oil
prices advanced horizontal drilling coming into place coupled with new
fracturing technologies and higher oil prices, Cardinal has the ability to
access large previously cost prohibitive reserve formations. Calculated hydro
and gas fracturing allows the company to create an avenue for petroleum to flow
from proven reservoirs and potentially, upper and lower strata without
penetrating individual formations. Utilizing secondary recovery methods such as
water, sand, and chemical dilution enables Cardinal to recover more free
flowing oil and natural gas assets in a more economic fashion.
For more information
on the company visit www.cardinalenergygroup.com
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