home Exploration, Oil Prices What Oil Company Grows in California Oil Meltdown

What Oil Company Grows in California Oil Meltdown

With the recent meltdown in oil prices, major oil companies in California like Occidental, Shell, Chevron and Conoco Phillips have been forced to curtail or shut down production. Although they continue to follow a path of discovery almost all of those discoveries revolve around shale and the high infrastructure and geo political costs associated.   A Westwood firm, California Resources Corp., recently spun off from Occidental Petroleum Corp., said the project was “no longer practical in the current commodity price environment.”

Those dramatic axioms of business do not apply to this micro cap company (click here for info), which carries no debt, has lower conventional drilling costs, controls vast historically oil rich fields, relies on advanced 3-D seismic technology, and maintains over 150 years of experienced, seasoned engineering and financial expertise.  While all in the oil industry pine for higher prices, it is the smaller more flexible and adaptable companies that thrive in an otherwise dismal market.

Disclaimer: OG Market Report has been compensated in the past, and expects to be compensated in the future, by Petro River Oil Corp. for investor relations services. OG Market Report reserves the right to be compensated for investor relations services by companies mentioned in this article. OG Market Report is not liable for any investment decisions by its readers or subscribers. OG Market Report is  NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.

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