First Titan Corp., an oil and gas energy company, reported in a news release today it is evaluating the prospects of a potential asset in Kansas. Located in slightly North Central Kansas, the Trego County Project boasts of several thousand acres which are mostly covered by 3-D seismic. Sporting over 60 prospective oil well locations, and based on favorable prospects for quality oil and gas deposits being related through the available 3-D seismic data, the project might exhibit strong earning potential.
"Trego County is an intriguing opportunity for First Titan," FTTN Interim CEO Robert Federowicz said. "The field is teeming with production potential and fits with the other low-risk, high-reward acquisitions we have made this year."
First Titan Corp. has a growing portfolio of lucrative, diverse oil and gas holdings in Texas, Alabama, Oklahoma, and Louisiana. One of the sites at which the company is heavily concentrating its efforts is at the Lake St. Charles Prospects in Louisiana, where the company is drilling in its oil well down to a target depth of 15,300 feet. Prior to drilling, estimates of 60 billion cubic feet of gas and 4 million barrels of oil were put forward as being available for extraction.
A recent study by the U.S. Energy Information Administration found that the U.S. possesses 3% of the globe's natural gas reserves, and that half of the production in the United States occurs in Texas and Louisiana, states in which First Titan Corp. has multiple holdings. In Texas, the company has lucrative holdings in Terrell County and Waller County. First Titan Corp. continues to explore new acquisition opportunities and aggressive production efforts. It seeks new energy develop opportunities with its wholly owned subsidiary, First Titan, LLC, as well as partnerships with energy companies that are unconventional or new in their extraction methods.
For more information, visit: firsttitanenergy.com
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