Xfuels Inc (XFLS)

[Jose Chavez]

$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.