
Any successful oil or gas project must be founded on a knowledgeable geologic appraisal. Without an accurate appraisal of the geologic potential and risk, investment dollars will be wasted. Geological insight and assessment are very specialized skills that can only perfected through years of experience. We believe it is U.S. Energy’s geologic skill and experience that sets us apart from other oil and gas companies. U.S. Energy’s Exploration Department carefully screens projects based on our collective experience and geologic expertise. Consequently, we are able to zero in on investment opportunities that have a much higher probability of success.
U.S. Energy has always focused on projects that utilize the newest exploration technologies available, including aeromagnetic surveying, 3-D seismic, and horizontal drilling. This dedication to advanced technology not only increases the potential for improved economic performance, it also provides us with valuable information that can be applied to future projects. The result is an ever expanding cycle of knowledge, innovation and success.
U.S. Energy balances our aggressive pursuit of new technology with careful risk assessments that are incorporated in the economic projections for every project we undertake. This sets U.S. Energy apart from many other oil and natural gas companies who fail to accurately assess risk and consequently do not reach their financial goals. U.S. Energy compares all projects based on their risk and essentially “levels the playing field”. Thus, the natural temptation to only invest in higher risk/higher potential projects is tempered. Similar to a diversified investment portfolio, U.S. Energy’s drilling programs typically include a healthy mixture of both high risk/high reward opportunities as well as lower risk endeavors that produce more predictable revenue streams. Over the years, U.S. Energy has carefully positioned itself to take full advantage of many overlooked opportunities in the areas which we drill.
U.S. Energy also generates geologic prospects for development in-house. We use our extensive library of logs and geophysical data along with a wide knowledge of many diverse geologic formations to design potential projects that are inline with our corporate goals. By applying the same rigorous screening criteria to both our internally generated projects and third-party prospects, we are able to pursue only the projects that have the greatest likelihood of financial success; both for ourselves and for our investor partners. |
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| U.S. Energy Development Corporation was formed in 1980 as a successor to Oilmark & Company, Inc., founded in 1978. Both companies were successful operators of private placement drilling funds that primarily drilled in Western New York and Northwestern Pennsylvania... |
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