|Pinnacle Exploration, Inc
As long as companies
have been conducting business, some have been outstanding
successes, while others have been dismal failures. Some
companies act with purpose and direction, others drift.
Some companies are adept at seizing new opportunities, others
watch passively or let them slip through the cracks.
George Bernard Shaw once wrote, "To be in hell is to drift, to
be in heaven is to steer.".
Since our primary focus is
gas production we have
concentrated our efforts in finding acreage in existing oil and
gas fields with proven commercial production. This has
several strategic advantages. First, by drilling in areas
where commercial production is abundant and commonplace, the
geological risk factor dramatically decreases. Infield
developmental drilling is the lowest risk drilling that can be
done and accounts for over 80% of all oil and gas production in
the United States. Second, by drilling in developed oil
and gas fields, production rates have already been established,
and a greater geological production picture has been mapped.
This eliminates becoming involved in fields with short
production lives or high decline rates. Third, by
attaining acreage in developed fields, we will be making a
tremendous step in overcoming objections from potential working
interest owners, thereby allowing Pinnacle Exploration, Inc. to
drill more wells and achieve greater production rates each year.