Business Description: Regions Oil and Gas is company with a philosophy and strategy of "Bringing New Life to Old Forgotten Fields". The fields in question were generally produced in the early 1900’s with the mind set and technology created during the industries infancy. As a result, these wells have large amounts of oil still in reserves. With today’s technology these fields are proving to be very productive.
A U.S. Department of Energy publication in 2004 stated that only approximately 1/3rd of the oil reserves have been recovered out of the old fields. These fields are known today as “Marginal” oil fields. After researching the topic, "Marginal" takes on a whole new meaning. To us it means “Success”. With the proper techniques these fields can be just as productive as initial production! In other words, if we go into these fields, and use the latest technology, we can produce these fields just as they did when first drilled!
Regions Oil and Gas has organized and trained a crew of industry experts to service our operations, eliminating the need for third parties. We have strategic partners with the necessary equipment (drilling rigs, pulling unit, etc.) to maintain our properties and drill new wells in a timely manner. Add a world class sales team, and we have the ability to economically "Bring New Life to Old Forgotten Fields".
Regions Oil and Gas is a company which searches for old oil fields and generates oil and revenues from the reserves that were left untouched long ago. We are located in the Dallas, Texas area. This area has many advantages due to the proximity to abandoned oil fields and the central location to states that also have similar fields.
