Petro River Oil Corp.
Business Description
Petro River Oil Corp., also known as Petro River, is an independent energy company focused on the exploration, development, and production of oil and gas assets in the United States. The company operates primarily in the Oklahoma and California regions, which are known for their rich oil and gas reserves.
Petro River*s primary objective is to identify and exploit undervalued and overlooked oil and gas assets that have significant production potential. The company employs a unique and innovative drilling method called Enhanced Oil Recovery (EOR), which utilizes advanced technologies to extract oil and gas from conventional and unconventional reservoirs.
One of Petro River*s key assets is its ownership interest in the Pearsonia West Concession, located in Osage County, Oklahoma. The concession spans over 106,500 acres and contains multiple oil and gas prospects, including the Lighthouse Bayou prospect. Petro River has a 13.5% working interest in Pearsonia West, with the remaining interest owned by two well-established oil and gas operators.
Additionally, Petro River holds interests in several other oil and gas properties across the United States. These include the Company*s 100% working interest in the Sunset Hills Prospect, situated in the prolific San Joaquin Basin of California. The Sunset Hills Prospect covers approximately 1,480 acres and is believed to hold significant oil and gas resources.
Petro River takes a strategic and disciplined approach in its operations, combining traditional drilling techniques with advanced technologies. The company leverages data analytics, reservoir engineering, and geophysical analysis to identify high-potential drilling locations. This approach ensures efficient operations, cost optimization, and maximized production rates.
In terms of corporate governance, Petro River is committed to maintaining high ethical standards and transparent business practices. The company adheres to strict environmental and safety guidelines to minimize its impact on the environment and local communities. Moreover, Petro River strives to maintain positive relationships with its stakeholders, promoting sustainable growth and long-term value creation.
Overall, Petro River Oil Corp. is an independent energy company that focuses on the exploration, development, and production of oil and gas assets in the United States. With a portfolio of diverse and promising projects, the company aims to contribute to the country*s energy needs while maximizing shareholder value.
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