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$MWWC "Some of the more popular tokens currently available; such as, $SHIB, #SAITAMA, #TARP, #SHIBNOBI and #TERAREUM have seen increases of over 320,000% in value over the past year and a half. If $DOX is as successful as the company believes it can be, the Liquidity Pool could be worth tens of millions of dollars to over a hundred million dollars in a short period of time," stated CEO Jason Schlenk.
$MWWC ‘MWWC' has acquired a significant stake in the Liquidity Pool of $DOX, which will remain restricted for a period of 6 months, per the partnership agreement that was executed; at the end of the restriction period, Doxed, LLC. will have the first right of refusal to purchase the liquidity pool tokens back from Marketing Worldwide at market value. The Liquidity Pool tokens have already been transferred into a secure wallet as of today's press release; and are held in trust by the CEO, Jason Schlenk.
$MWWC Marketing Worldwide Corporation (‘MWWC'), has partnered with Doxed, LLC., a Florida corporation. The Doxed team have developed and successfully launched the $DOXed token; this token is on the Binance Smart Chain, the same standard that the #Minosis $MNS Token will be launched on in the near future.
$MWWC Marketing Worldwide Corporation, (OTC PINK:MWWC), 'the Company', is pleased announce its newest partnership with Doxed, LLC, the creators of the $DOX (BEP20/ BSC) token.
The U.S. has more than 24 million acres under lease to oil and gas companies onshore — close to half are not producing.
Before drilling can occur, the lease holder has to get a federal permit. At the end of 2021, there were 9,173 approved and available permits to drill on federal and Indian lands. Those permits include those issued under Biden and those still active from Trump’s administration and potentially before, said Josh Axelrod, of the National Resources Defense Council. Companies don’t have to immediately begin drilling as their leases last 10 years and can be extended beyond that.
President Joe Biden said that his policies have not made the U.S. less equipped to withstand the impact of the ban on Russian energy imports. He contended that the onus is on U.S. oil and gas companies that have permits to begin drilling, but haven’t started.
"It’s simply not true that my administration or policies are holding back domestic energy production," Biden said March 8 in a speech announcing a U.S. ban on Russian oil imports. Biden said that companies pumped more oil in the U.S. during his first year in office than during his predecessor’s first year and that we were on track for record oil production next year. Then Biden pivoted to point the finger at the industry:
"In the United States, 90% of onshore oil production takes place on land that isn’t owned by the federal government. And of the remaining 10% that occurs on federal land, the oil and gas industry has millions of acres leased," Biden said. "They have 9,000 permits to drill now. They could be drilling right now, yesterday, last week, last year. They have 9,000 to drill onshore that are already approved."
Supply chains have been highly disrupted for nearly a year, adding to inflation that is running at four-decade highs in the US. The war in Ukraine has aggravated the situation, lengthening shipping delays as routes are altered and cargo spaces become overbooked, he said.
"The routes are getting longer, more costly," Le Peuch said. "It is not the perfect storm, but it is close to it."
Under investment in energy production left the world short on oil supply, lifting crude prices even prior to Russia's invasion of Ukraine, chief executive Oliver Le Peuch said today at the CERAWeek by S&P Global conference in Houston, Texas. That laid the groundwork for a brewing global up cycle in onshore and offshore production, he said.
Producers are starting to increase their capital spending to increase production as well as to reduce carbon emissions.
"We see customers ready to spend, ready to uplift their spend," Le Peuch said.
Oil and natural gas producers are ready to boost spending to capture the benefit of higher energy prices, although surging inflation and supply chain delays remain obstacles, according to oilfield services contractor Schlumberger.
otcmarkets been very slow lately, bunch of companies pending upgrade
lets see a bull takeover to attract more eyes in here
The administration should release permits for drilling on federal lands, the lobby urged, and push ahead with leasing more tracts for offshore oil and development. The A.P.I., which condemned the invasion, also called on President Biden to accelerate permits for energy infrastructure and to roll back legal and regulatory uncertainty — industry speak for getting rules and lawsuits out of the way.
“As crisis looms in Ukraine, U.S. energy leadership is more important than ever,” the American Petroleum Institute, the powerful industry lobby group, wrote on Twitter with a photo that read: “Let’s unleash American energy. Protect our energy security.”
The crux of the industry’s argument is that any effort to restrain drilling in America makes a world already reeling from high oil prices more dependent on oil and gas from Russia, a rival and belligerent fossil fuel superpower.
Fresno County leaders on Tuesday urged state leaders to increase domestic oil production in light of rising gas prices for consumers, farmers, and other leading industries in California’s central San Joaquin Valley.
Right now, companies are reluctant to invest big money into new wells, reflecting investors' desires to pull profits from existing operations.
Patrick Pouyanné, CEO of energy giant TotalEnergies, told the conference Europe’s failure to address its energy shortages in the past had worsened the current crisis.
“People in Europe are complaining about gas prices and fuel prices being high. It’s high because we did not invest enough in years,” he said. “I think what is happening today is a big wake-up call to Europe.
The U.S. has seen its oil and gas production jump dramatically over the past 15 years, and it is now the world’s largest producer of both. But Europe is heavily dependent on imports, even as it has sharply ramped up its use of renewable energy. Russia provides it with nearly 40 percent of its natural gas and a quarter of its crude oil.
The White House announced last week it would release 30 million barrels of oil from the nation’s Strategic Petroleum Reserve to help keep prices in check, but the move had no impact on oil’s march higher.
The Biden administration is reportedly reaching out to Saudi Arabia, the world’s leading exporter, as well as Venezuela, whose government has also been sanctioned, to help fill any oil shortfalls from the shut-off of Russia’s shipments. But executives say that high international prices have already given producers all the incentive they need to boost output, and that no one is holding back.
U.S. crude oil prices jumped more than $10 overnight to $130 a barrel on news that the U.S. was considering prohibiting Russian oil imports, though prices backed off later during Monday trading. That rally has driven retail gasoline prices up more than 46 cents in the past week, reaching a national average of $4.06 a gallon, according to fuel price service GasBuddy.
Exxon Mobil and Chevron are both boosting oil production at the mammoth Permian Basin field in West Texas and New Mexico, strategies that both oil majors laid out last year but that have taken on new urgency because of the surge in oil prices to their highest level in 14 years.
A jump in gasoline prices above $4 has oil companies eyeing crude oil output hikes, but pain at the pump will linger as shaky oil markets shun Russian cargoes.
oil prices will rise over the next few months
oil industry been on fire, $XFLS pending OTCQB
hopefully old traders will come back and grab all the cheapies down here
board was very active when it ran to 0.08
$XFLS has a huge upside potential
$XFLS Xfuels will be acquiring Jubilee as a wholly owned subsidiary in exchange for 8,000,000 shares of its common stock and $100,000 in cash consideration with conditions, along with a 2.5% gross overriding royalty interest (“GOR”). The GOR will be capped at $1,500,000 and will be payable on all petroleum, natural gas liquids and natural gas mineral interests produced by the wells included in the purchase.
$XFLS Specifically, Xfuels will be taking over 375 pumping units along with a wide range of other machinery and equipment that was appraised for over $15,000,000 at fair market value in 2018 by Expert Equipment Appraisal LLC.
“The Jubilee acquisition will mark a major milestone for us as we enter the US market,” said Mike McLaren, CEO of Xfuels. “We plan to add considerable volume to Jubilee’s current production by applying the same expertise and technology that has served us well in Canada.”
While many of the oil and gas assets in the Jubilee portfolio are now low producing or shut in, Xfuels expects to use Plasma Pulse Technology, along with other leading-edge extraction tools, to bring strategically targeted wells back to life.
$XFLS Post-acquisition, Xfuels plans to focus on increasing oil and gas production from a core group of 142 Jubilee wells located in Craig and Nowata counties in Oklahoma. Xfuels expects that production from these wells could be improved to 2,500 MCFD within one year, and over 7,500 MCFD within two years. Annual revenue from these wells could therefore translate to $4,500,000 - $13,500,000, assuming the market price for natural gas remains at or near $5/MCF.
Separate and apart from the revenue enhancement that Xfuels expects to realize in the coming years from the Jubilee purchase, the company also stands to bolster its balance sheet immediately upon closing.
$XFLS Xfuels, Inc. (OTC PINK: XFLS) has entered a letter of intent to purchase 100% of the common stock of Jubilee Exploration, LLC, an oil and gas producer that currently controls 516 wells across 10 counties in North East Oklahoma and South East Kansas. This will mark the largest acquisition in Xfuels’ history.
$XFLS The Environmental Protection Agency estimates that unplugged oil wells in the U.S. release 280,000 metric tons of methane a year, causing relatively the same level of harm to the climate as 2.1 million cars over the same period of time.
$XFLS Xfuels believes that state-level stimulus programs and changing environmental regulations will only further expand its opportunities in the area of oil well reclamation in the United States. Abandoned wells have been found to be major contributors of greenhouse gases, and deadly emitters of a multitude of other toxins.
$XFLS Per a recent report by Carbon Tracker, a nonprofit think tank that researches climate change, there are approximately 783,000 unplugged oil wells in Texas. And each one of these wells could cost tens of thousands of dollars to properly retire – making the total market opportunity to service abandon wells in Texas worth more than $15 billion.
“By aggressively pursuing oil well reclamation opportunities in Texas, as we continue to follow through on our other acquisition plans, we expect to build a diverse source of revenue streams that will enable us to grow steadily in the years ahead, regardless of fluctuations in the market price of oil and gas,” McLaren stated.
$XFLS Through its recently-formed U.S. subsidiary, Cycle Energy Services, Inc., the company has chosen to bring its expertise in oil well reclamation to the United States at a strategically calculated moment in time, when changing environmental regulations and pending government subsidy programs have the potential to springboard its growth.
Xfuels CEO Mike McLaren stated, “President Joe Biden’s new infrastructure bill, if enacted, will represent an extraordinary opportunity for companies such as ours, which have the unique combination of knowledge and skills to properly service abandon wells.”
McLaren continued, “We believe that Biden’s [infrastructure] bill may make as much as $15 billion available to subsidize the clean-up of abandoned oil wells and mines in the United States. And, by our calculations, nearly 20% of those mines targeted in Biden’s bill are within the state of Texas.”
$XFLS Xfuels, Inc. (OTC Pink: XFLS) has begun to deploy its talent and resources in the state of Texas to assist in plugging and reclaiming hundreds of thousands of abandoned, environmentally hazardous oil wells.
$XFLS Each of Xfuels three vertically integrated businesses just mentioned -Cycle Oil and Gas, Cycle Energy Services, and Cycle Energy Technologies- all operate in tandem to help Xfuels capture unique opportunities that often go untapped by the company's competitors.
$XFLS The third and final business unit under Xfuels is Cycle Energy Technologies. This wholly-owned subsidiary provides both R&D and existing technology to enable increased production in the field. Xfuels flagship intellectual property is its mobile Gas To Liquid system. This is used to convert natural gas and other gaseous hydrocarbons into longer-chain hydrocarbons, such as gasoline or diesel fuel.
$XFLS The second business unit under Xfuels is Cycle Energy Services. This wholly-owned subsidiary supports Xfuels’ overall exploration and production efforts with "well services" and "end of life reclamation." Cycle Energy Services owns and operates a combination of customized wireline-service rigs and HydroVac units. This equipment allows for faster "rig in" and "rig out" times. Overall, Cycle Energy Services equipment and experience combination reduces the amount of time and fuel burned to complete an abandonment.