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| Saddam's Lost Oil Thanks to an epic fleecing in the oil community, you have the rare chance to get in on a cache of crude that no one (even Saddam Hussein) knew existed. There are 13.7 billion barrels of oil just underneath the surface in the last place you probably ever expected... and one small company is already pumping it out of the ground. Click here to see why this opportunity could be even better than the last one. 347 million cubic feet of gas wasted every day By Alex Martinelli | Monday, December 1st, 2014 “We don't need to be flaring, and we can find an economic benefit to this natural gas.” These words were spoken by Mark Fox, chairman of the Three Affiliated Tribes — a group of Native American tribes from the Dakotas that joined together during the late 19th century after suffering massive population loss due to disease. The group recently bought land in some areas of North Dakota, including places where oil drilling has been prolific.
Since 2006, companies in the Bakken have drilled over 11,000 oil wells. Almost 40,000 miles of drilled space spiderwebs beneath the ground in the state. According to the New York Times, if these well bores were dismantled and placed one after the other, they would circle the planet one and a half times. But a problem with all of the oil drilling has been gas flaring, which has cost North Dakota taxpayers and royalty recipients millions of dollars over the last few years... Not to mention the excess methane that has flooded the air. And it's gas flaring and potential solutions to it that have Mr. Fox making these comments. Advertisement "Octopus" Technology Makes Drilling 8 Times More Powerful This new technology will make America the most powerful oil and gas producing country in the world, toppling the mighty Saudi Arabia. In fact, this technology will boost U.S. oil production to 12 million barrels per day. Most importantly, it will create a new wave of oil millionaires and billionaires as it delivers gains of 890% or more... To get in on this opportunity, click here for full details. Gas Flaring Problems When oil companies drill for oil — fracking or not — the operators also produce methane as a byproduct. These operators build massive storage tanks that allow them to hold some of this gas and, when possible, ship it to be sold at market value. But with drilling as expansive as it is, things haven't quite worked out that way... Once a drilling company has filled its storage to capacity with excess natural gas, it has to either shut down operations until it can get rid of it or burn off the gas in order to make more room. Since pausing drilling to make room for natural gas would cripple revenues of the companies producing in the Bakken, all of them opt to burn the gas away. Beyond wasting millions of cubic feet of gas per year, the companies that do this have been on the receiving end of much flak from property owners who want royalties, government officials who want to tax the natural gas, and environmentalists upset about more carbon filling the atmosphere. As a result, the North Dakota Industrial Commission recently drafted rules, backed by oil companies, that require drillers to capture 85% of the gas produced by 2016. Within six more years, that increases to 90%.
As it is right now, drillers flare or leak about 30% of the gas produced. The reason isn't that these companies want to pollute or cheat landowners out of royalties. Rather, the problem lies with infrastructure. Advertisement Time to Buy This... The time to buy an oil or gas company drilling in a new shale formation is when:
There's a new $1 company in the historic Petroplex formation that meets all three of these conditions. With nearly 20,000 acres of land and great initial results on its horizontal wells, it's only a matter of time before this company trades at $10. Click here for the ticker symbol. Here's a Solution You Can Invest in As oil drilling blossomed in the Bakken, one major development that simply couldn't keep up was the oil and gas infrastructure needed to maintain high levels of growth. As companies and investors realized this, work began on more projects such as refineries, pipelines, storage tankers, and gathering facilities. Now, as I write to you, these projects are in development. Mark Fox is currently negotiating with a large operator of natural gas pipelines and operating plants in North Dakota. The company wants to build a pipeline that would go through Native American land in the region, and Mr. Fox has pledged to speed up the talks, which have been going on for a year. The pipeline itself has the potential to curb natural gas flaring by more than 10% once it's up and running. And with producers flaring 347 million cubic feet of gas daily at last count, projects like this one stand to save a lot of wasted resources and put money in a lot of pockets. That includes investors. My colleague Keith Kohl is researching a company involved. He will have a new report featuring all of the details out to you in a couple of weeks. Good Investing,
Alex Martinelli With an eye squarely focused on the long-term, Alex Martinelli takes the art of income investing to a higher level within the energy sector. His research has helped hundreds of thousands of individual investors identify well established companies that have a long history of paying out dividends to their shareholders. For more info on Alex, check out his editor's page. The Bottom Line | |
This email was sent to ignoble.experiment@arconati.us . You can manage your subscription and get our privacy policy here. Energy and Capital, Copyright © 2014, Angel Publishing LLC, 111 Market Place #720, Baltimore, MD 21202. All rights reserved. No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. Energy and Capital does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Neither the publisher nor the editors are registered investment advisors. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law. Please note: It is not our intention to send email to anyone who doesn't want it. If you're not sure why you're getting this e-letter, or no longer wish to receive it, get more info here, including our privacy policy and information on how to manage your subscription. | |
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2014/12/01
347 million cubic feet of gas wasted every day
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