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The Oil & Gas Blog

This blog is sponsored by Grid Petroleum Corp., and here's a little bit about them in their own words: "Grid Petroleum Corp. (the 'Company') has acquired natural gas rights in the Upper Green River Valley in the State of Wyoming, USA. Specifically, Grid's prospect is located at the giant Jonah Field. Despite only having discovered the technology to extract the gas from the region's unique geology in 1993, the Green River Valley has become the second largest on shore natural gas producing area in the United States. Since 1993, over 15 companies, many of them 'majors' have become active participants in the area. Grid Petroleum is one of the few juniors with a substantial prospect covering over 2,400 acres. Recent data indicate a high percentage of success in drilling wells in the area. A rebound in natural gas prices coupled with the high rate of success in the area, make the prospect a highly desirable one. Natural gas is widely regarded as cleaner than both coal and oil. And it occurs in abundance in the United States. Because it is clean, domestic and widely available, natural gas has found proponents across the board in consumer groups, government and industry. Natural gas is also looked at as an in-between-step, weaning us off fossil fuels while we develop our 'green' or renewable energy technologies. However, oil isn't going anywhere anytime soon. So Grid has recently acquired valuable oil acreage (about 4,000 acres) in the highly sought after San Joaquin Valley, where its property contains both the Monterey and Kreyenhagen Shale zones. Its proximity to the largest oil fields in the lower 48 states of the continental United States bodes well. As recently as 2009, Occidental Petroleum discovered a mammoth field estimated to contain up to 1 Billion Barrel of Oil Equivalent. Grid Petroleum, a junior exploration company, has already succeeded in attracting experienced and talented management along with substantial shareholder funding to begin drilling once targets are identified. In order to begin the procedure to identify viable targets, a leading oil field services company has been retained to outline the viability and potential of both prospects."

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