Central to any successful gas & oil operational endeavor is the ability to maintain superior infrastructure assets while utilizing lean manufacturing techniques. Integral to United Energy Corporation’s corporate mission, is the acquisition of high-return drilling locations where well productivity can be increased through cost-efficiency measures.
This objective is possible because of the substantial experience of UNRG’s Leadership Team, along with an established record of operational safety. The Leadership Team is closely aligned with United Energy Corporation’s Operational Team at every stage of planning, development, and project oversight. This framework provides United Energy with the greatest capability to generate stable cash flows.
United Energy Corporation’s exploration of untapped oil and gas resources is foundational for adding to a growing inventory of integrated assets. With a focus on a combination of strategic facilities and transport access, UNRG is also conscious of offering diversified services, such as our investment in the license to a micronizing technology, while expanding processing and storage capacities.
Productive infrastructure assets deliver stability and a robust mixture of growth-oriented holdings. Long-term fee-based contracts provide a significant expansion opportunity. Along with our trusted energy partners – from leaseholders to contractors to communities – UNRG is dedicated to increasing well productivity and efficiency; a continuing focus on safety; sustainability of revenue; and improve execution performance.
EXPLORATION & PRODUCTION
United Energy Corporation acquired holdings located in the famous Cherokee Basin – a rich oil and gas region in northeastern Oklahoma and southeastern Kansas that covers 15 counties. Through this acquisition we have increased our overall footprint in the oil and gas industry and significantly strengthened value for shareholders in UNRG. The oil from this acquisition is sold to a local refinery while the natural gas travels to markets throughout the Midwest via major interstate pipeline systems.
Cherokee Basin holdings are part of United Energy Corporation’s 1,100 miles of natural gas pipelines, more than 2,700 wells, and over 300,000 acres of leasehold operations in TX, OK, KS, and LA. The Company’s corporate strategy includes obtaining gas reserves in the Cherokee Platform with natural gas storage inventories combined with undiscovered coalbed gas.
The US Geological Survey’s assessment in 2015 of recoverable petroleum resources in the Cherokee Platform Province areas (which includes the Cherokee Basin) validated United Energy’s decision to pursue this acquisition and increase the breadth and depth of the Company’s assets.
We are in the process of reactivating our Cotton Valley large natural gas compressor station which feeds into Southern Star Gas Pipeline Company. This compressor station is a vital component in moving natural gas from production well sites via a pipeline network to end users.
A transmission compressor carries the natural gas across state lines through wide-diameter pipelines (24-48 inches). Pressure must be manipulated to maintain constancy as natural gas travels through the pipeline. Natural gas is compressed and pushed through the pipeline at an optimum pressure (800 to 1,200 psi) to ensure a regulated flow before it enters an Interstate Transmission System pipeline.
From production sites to end markets, natural gas is transported from one state to another. Compressors provide a boost in pressure every 40-70 miles along the way as needed. An interstate compressor such as the one in Cotton Valley requires 4-5 acres of land. Part of the interstate system is owned by Southern Star that has continuously provided pipeline service for over 100 years. Within America’s heartland, Southern Star owns and operates approximately 5,800 miles of natural gas transmission pipeline and 42 compressor stations.
United Energy Corporation has acquired minority ownership in a storage terminal that, when built, will be a technologically advanced, multi-functional facility. It will incorporate a deep-water ship and barge dock, truck rack, and rail rack. The terminal hub will also store, blend, and distribute oil products at its strategic location. An oil terminal is an industrial site where oil is loaded or unloaded for storage or transportation via pipelines or tankers.
A storage terminal allows companies to purchase and receive oil when the price is low and store it until the price is more favorable. This market strategy of stockpiling oil until delivery offers more control over mitigating financial losses while increasing profits based on rising and falling global oil prices. Storage facilities are also needed in the short term while oil is waiting transport from offshore enroute to delivery locations throughout North America.
However, currently there is a shortage of available domestic storage capacity. As oil and natural gas production increases within our own borders, it is imperative that the US expands its storage capacity as well. United Energy is becoming part of the solution, enabling America to fulfill the goal of becoming less dependent on foreign oil.
United Energy Corporation has recently acquired certain rights in a technology that will revolutionize oil extraction from shale deposits. It’s a technology more economical, more energy-efficient, more environmentally friendly, faster producing, and lower maintenance than traditional methods of oil removal from shale reserves. This micronized technology can extract compounds in seconds and minutes versus hours and days. It reduces levels of emissions and mitigates adverse environmental effects many times over that of conventional processes.
Until recently, removing oil from shale rock focused on crushing, pulverizing, and grinding milling processes using high-impact machines. With this new technology, what is called “resonance disintegration” causes materials to be fragmented from within, maintaining the integrity of the original material. Rapid shock waves, or resonance, are applied in lieu of pressure force. As particles are micronized to a fraction of their original size, not only is the removal of kerogen (the precursor to crude oil) considered “clean energy”, but also the oil yield is significantly greater.
The United States Geological Survey (USGS) Energy Resources Program states that the Eocene Green River Formation of Colorado, Utah, and Wyoming “contains the largest oil shale deposits in the world.” This is about 35% of the known oil shale reserves globally and is considered easily recoverable. At our current oil usage rate, it is estimated that this location can produce enough oil (up to 1.2 trillion barrels) for the United States for the next hundred years.
It’s no small matter, then, that a component of United Energy’s multi-lateral strategy is to capitalize on the technology that will transform production of domestic oil shale deposits. This is good news for our shareholders and our country. Clean. Safe. Efficient. Economical. Scientifically Engineered – Strategically Executed.
US Department of Energy - Pulsewave Research
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