According to data from the Energy Information Administration (EIA), the United States currently possesses 44.4 billion barrels of 1P proved oil reserves, boasting a recovery rate of over 90%, alongside 473.3 trillion cubic feet of confirmed natural gas reserves.
Within North America, there exists an extensive resource of more than 2 million abandoned oil wells, presenting an opportunity for their transformation into sources of consistent, geothermal renewable energy production.
Furthermore, North America possesses an abundant reserve of approximately 150 billion cubic feet of flared gas, offering potential applications in generating electricity, producing liquid fuels, manufacturing chemicals, and creating polymers utilized in a wide spectrum of industries.
Additionally, the continent is endowed with a substantial 250 billion barrels of produced water stemming from oil and gas extraction processes. This resource can be harnessed and repurposed for various purposes, including agriculture, hydrogen production, geothermal energy, and more.
Moreover, the potential for land remediation through natural microbial technologies in the oil and gas sector is truly remarkable.
We recently discovered a >5,100 acre structure with an estimated >200 billion cubic feet of natural gas and >10.2 million barrels of oil utilizing 3D technology and actual historical well data in the target area..
This is a billion dollar opportunity with the right strategic partner.