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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.".

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Since our primary focus is oil and 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.

Current Project - Pinnacle 21 #1 & 29 # 4 Wells

In 1998 we incorporated Pinnacle Exploration, Inc. as a proactive company, rather than a reactive one, for one reason and one reason only - oil and gas production.  Pinnacle's basic business mission is to become a major independent company in the oil and gas industry.  Profitable growth in oil and gas revenues is fundamental to that mission, so that we may serve the interest of our financial partners and customers.  We have strategic objectives and performance targets set to achieve our production goals. 

Since our primary focus is oil and 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.

 

 

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Pinnacle Exploration, Inc. 2005