First Titan Corp., an oil and natural gas exploration and development company, notes the U.S. Energy Information Association recently released a study documenting that the U.S. has 3% percent of the world's natural gas reserves. The study also notes that almost 50% of that production is located in Texas and Louisiana, states in which First Titan has multiple assets. This strategic asset placement indicates First Titan's promise of future growth.
One of First Titan's current drilling locations is at South Lake Charles Prospect in Louisiana. This well will be drilled down to 15,300 feet, and has an estimated possible production value of 60 billion cubic feet of gas and four million barrels of oil to possibly be extracted. In Texas, First Titan is scouting 4,100 leased acres in Hardin County and has production assets situated in Terrell County and Waller County. According to figures from StateImpact, Texas accounts for 23% of the United States' aggregate natural gas reserves and has 163 natural gas production plants within its borders.
Through its wholly owned subsidiary, First Titan, LLC, First Titan Corp. is aggressively looking for oil and natural gas exploration and development opportunities around the globe. For fullest operational effectiveness the company looks to partner with companies that are at the forefront of oil and natural gas extraction methods, including methods that are environmentally efficient, industry-defining, or unconventional.
For more information, visit firsttitanenergy.com
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