Start Scientific, Inc. (STSC) Leveraging the Massi
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Posted On: 03/02/2015 5:36:58 PM
Start Scientific, Inc. (STSC) Leveraging the Massive Oil Production Potential of the Williston Basin
Classified a ‘super basin’ by the United States Geologic Survey, the Williston Basin, which covers an extensive land region stretching from South Dakota to Saskatchewan, Canada, is one of the world’s largest oil and gas prospects. Start Scientific, Inc. (OTCQB: STSC), through its project in the Lodgepole Limestone Reef Play in North Dakota, has positioned itself to capitalize on what experts are referring to as a ‘gold rush mentality’ among big oil companies and independent drillers in the region.
Start Scientific chose the Lodgepole drilling site because its wells are naturally fractured and do not require the expensive, complicated treatments of more popular drilling locations in the region. The company estimates that this will allow its primary drilling locations to yield substantial quantities of oil and gas at a lower production cost than any of the Bakken formations.
In the past, vertical Lodgepole wells have been completed for approximately $3.5 million, compared to the $12 million cost of horizontally drilled Bakken Wells, despite the fact that cumulative production of Lodgepole wells far exceeded those in other regions throughout the Williston Basin.
Start Scientific, along with its joint venture partners, has been working with a geo-technical company to locate and identify ideal well sites at the company’s Lodgepole location. Using a proven and reliable method, the company has located multiple fractures to aid future drilling processes.
According to reports from the United States Energy Information Administration, crude oil production in North Dakota has been on a steady increase since 2005. In December 2014, approximately 1.2 million barrels per day were produced in the state, and the report predicts continued growth into the future.
Through its location in the Williston Basin, as well as multiple projects and farm out agreements throughout the country, Start Scientific could be at the cusp of major growth. With proven methods to properly locate, drill and complete wells at the Lodgepole Reef, the company is extremely optimistic about the coming months.
For more information on the company, visit www.startscientificoil.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Classified a ‘super basin’ by the United States Geologic Survey, the Williston Basin, which covers an extensive land region stretching from South Dakota to Saskatchewan, Canada, is one of the world’s largest oil and gas prospects. Start Scientific, Inc. (OTCQB: STSC), through its project in the Lodgepole Limestone Reef Play in North Dakota, has positioned itself to capitalize on what experts are referring to as a ‘gold rush mentality’ among big oil companies and independent drillers in the region.
Start Scientific chose the Lodgepole drilling site because its wells are naturally fractured and do not require the expensive, complicated treatments of more popular drilling locations in the region. The company estimates that this will allow its primary drilling locations to yield substantial quantities of oil and gas at a lower production cost than any of the Bakken formations.
In the past, vertical Lodgepole wells have been completed for approximately $3.5 million, compared to the $12 million cost of horizontally drilled Bakken Wells, despite the fact that cumulative production of Lodgepole wells far exceeded those in other regions throughout the Williston Basin.
Start Scientific, along with its joint venture partners, has been working with a geo-technical company to locate and identify ideal well sites at the company’s Lodgepole location. Using a proven and reliable method, the company has located multiple fractures to aid future drilling processes.
According to reports from the United States Energy Information Administration, crude oil production in North Dakota has been on a steady increase since 2005. In December 2014, approximately 1.2 million barrels per day were produced in the state, and the report predicts continued growth into the future.
Through its location in the Williston Basin, as well as multiple projects and farm out agreements throughout the country, Start Scientific could be at the cusp of major growth. With proven methods to properly locate, drill and complete wells at the Lodgepole Reef, the company is extremely optimistic about the coming months.
For more information on the company, visit www.startscientificoil.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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