Rapid advances in technology and the surprising amount of oil to be found in shale zones indicate that there has never been a better time to ramp us domestic oil production. The Texas oil fields are known for their high yields and plentiful profits. If you are an investor looking to jump into a lucrative energy investment opportunity, Texas is a great place to start. Here is a look at why Texas oil production is profitable again:
Better Scouting Technology: Information technology has helped revolutionize oil-scouting. By having access to databases, geology records, 3D earth imaging, and better soil data, it is now much easier to determine whether or not a plot contains oil, making “dry holes” a thing of the past. These advances in technology allow investors and holding companies to be better informed about drilling opportunities. By concentrating on oil-prolific areas of Texas like the Permian Basin, investors can maximize the possibility that their plot of land will yield oil or natural gas and have a high return on investment.
Lower Risk in Texas: Many experts are saying that Texas drilling is contributing to a new oil boom, with some estimating that a single basin could yield up to two million barrels of oil a day. Because oil production is climbing in Texas and royalties account for a large percentage of the state’s revenue, this region is very invested in improving oil discovery and drilling. Horizontal drilling and hydraulic fracturing remain profitable ways to tap into West Texas’ natural resources. As the price of both domestic and foreign-drilled oil increases over time, Texas investors can benefit from the confluence of new technology and high prices for their product.
If you are thinking about investing in Texas oil production, contact Aegis Oil by calling (888) 927-3563. Our experienced team can explain the new changes in oil prospecting and get you on your way to success in this lucrative field. Call today for more information.