While the United States is pursuing alternative renewable energy sources such as wind, solar or nuclear, etc., these sources are not positioned to replace fossil fuel demand any time in the near future. For now, we are still dependent on oil and gas to heat our homes and fuel our cars and trucks.
The U.S. currently imports almost 60% of our oil from foreign countries, mostly from volatile OPEC countries. Because of this volatility, the U.S. remains determined to increase domestic reserves and decrease our dependency on OPEC. As independent operators, we play a major role in this effort. The following table shows the impact of independent operators on domestic exploration and production, both in the U.S. and in the State of Texas:
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Independent Operators
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In US
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In Texas
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Oil and Gas Wells Drilled
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90%
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96%
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Crude Oil Produced
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68%
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92%
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Natural Gas Produced
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82%
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88%
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It’s obvious that “Big Oil” is focusing their exploration and production efforts internationally. At the same time, their domestic exploration and production has been declining. It is small business – the independent operator – that keeps the oil and gas industry moving forward in this country and in the State of Texas.
Unlike major oil and gas companies who fund their drilling activities with the sale of stock, independent operators rely on investors. In return, we provide investors with cash flow and tax advantages through direct participation in oil and gas programs.
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