Munsback, Luxembourg (PRWEB) June 11, 2010
Since George Mitchell perfected his techniques for fracturing and drilling in shale plays, America’s onshore oil and gas industry has felt a revival and boom that was long awaited. Using high pressure water and sand fracturing processes that Mitchell and his team developed over more than a decade of trials and error, he was able to disprove many of the detractors of shale production; not only in the industry, but within the government as well. Coupling fracing with highly innovative horizontal drilling techniques Mitchell was able to prove that gas and oil could be produced at a profit onshore at a time when the majors were almost exclusively investing in offshore exploration and production.
Mitchell’s proven techniques and phenomenal progress encouraged many others to exploit the fallow shale zones, and most specifically the Bakken in North Dakota and Texas’ Barnett. At the same time that the industry embraced Mitchell’s processes the cost of natural gas began to climb making it even more profitable for those who were entering into this new facet of the industry, and the price of natural gas still remains so. In areas that were once considered no longer viable using traditional vertical drilling techniques, these horizontal wells, which are quite often situated right alongside the dormant vertical ones, have proven successful. Coupling this new found ability to tap old leases, with the ability to drill multiple stages, which are more efficient, more cost effective, and require less equipment and thus a much smaller footprint on the surface, the formula for success keeps getting brighter. All of this is not only encouraging to the industry and the producers, but also to the environmentalists and the people who live in the areas where this work is being performed. Further, the nation benefits significantly from these new found domestic resources which help to alleviate its dependence on costly imports. Currently gas production from the Barnett shale alone accounts for two percent of America’s daily supply of natural gas making it one of the nation’s most significant sources of energy.
Uni Oil and Gas Partners Ltd. have been working in shale since it became a proven viable resource. Embracing the technologies that George Mitchell and his team perfected Uni has been able to increase its asset base and bottom line consistently in recent years, while others have stagnated. Uni is now exploring shale plays within the Dakotas, Arkansas, Louisiana and Oklahoma as well. “Uni understands that each and every shale prospect entails different lithology which will dictate which processes and which industry professionals it will partner with for each specific undertaking. In order for a company to be successful in shale exploitation they must thoroughly do their homework. There are so many variables and new technologies coming online everyday to deal with them, that a company must be on the cutting edge of these sciences to be competitive,” a spokesman for Uni Partners commented. He concluded, “Here at Uni we are always looking for ways to improve our industry relationships and bring on partners that have experience in the use of these innovative technologies and proven track records within our region of operations. In this way we are able to grow along with the industry and stay on top of our game.”
About Uni Oil and Gas Partners
Uni Oil and Gas Partners Ltd. have a strategy of drilling low risk oil and gas prospects; typically Uni chooses areas within Texas that are already established for having excellent production. The company's area of expertise is in obtaining superior quality leases in long proven fields that are surrounded by existing production. Through the use of sophisticated seismic analysis, and multi-volume visualization models, along with precise depth imaging and reservoir characterization their research team will then seek to tie in the prospect that is under consideration, with the existing surrounding proven production areas.
Uni Oil & Gas Partners have assumed principal responsibility on many key oil and gas projects within Texas and they have significant experience in projects throughout the Permian and Fort Worth Basin Regions. Qualified investors seek Uni out for their professional investment advice, project management acumen and the knowledgeable guidance that they are known for. Uni Oil & Gas Partners offer a comprehensive spectrum of services to the upstream, midstream and downstream oil and gas sectors. Qualified investors are invited to contact Uni Oil and Gas Partners Ltd. for information regarding their past, current and future offerings.