As many people are aware, the oil and gas business can be a risky one, but there are ways to lower the risks involved. We believe that investing in currently producing oil and gas wells or drilling offset wells has a much lower degree of risk then rolling the dice and betting on a wildcat well. When Eastland Energy drills a well, we attempt to minimize drilling risk by drilling a well that offsets existing production. We typically drill in area were wells have proven production and are currently producing. There is always risks involved when drilling a well; that’s why Eastland employs competent drilling crews, engineers and geologist to ensure that the drilling operation run smoothly.
Eastland Energy Group, Inc. examines every opportunity to acquire good, producing properties. After targeting a property, we research the surrounding wells and production history, examine the engineering , and finally, we enter into negotiations with the property owner. We believe that these days a focused independent operator can acquire producing properties and improve payback by reworking wells and reducing administrative overhead and operation costs. There are many oil properties available today that present solid cash flows and very realistic opportunities to increase their present daily production rates and overall recoverable reserves. This is achieved through improved maintenance, utilization of surface equipment, replacement of down hole equipment and simply better field monitoring and management. There is a great deal of difference between the day to day operations of a large, major oil company and the smaller, leaner independent oil company, leading to improvement in the efficiency and increase in asset value.
Eastland Energy Group, Inc. is always seeking to acquire quality properties at favorable prices. We at Eastland are always working hard for our investors.