Delta Petroleum Corporation (Delta) is an independent oil and gas company engaged primarily in the exploration for, and the acquisition, development, production, and sale of, natural gas and crude oil. Delta operated in two business segments: acquisition, exploration, development, and production of oil and natural gas properties and related business activities, and contract oil and natural gas drilling operations. The primary areas of activity are in the Rocky Mountain and Gulf Coast Regions with additional unproved exploratory leaseholds in the Columbia River Basin in southeastern Washington, the Hingeline area of Central Utah, and the Haynesville Shale area of Texas, among others. Total oil and gas leasehold is approximately 813,000 acres.
In the last couple weeks, oil prices have spiraled out of control; some places in the United States saw more than $4 per gallon gasoline before the Libyan tensions eased. The Middle East is a powder keg of political strife ready to explode at any moment. Given that this region is the main supplier of oil, it’s just a matter of time before supply fear disruptions hit the newswires again sending oil on another surge higher. Wouldn’t it be great if we could produce enough oil domestically as not to worry about what happens in the Middle East? Better still would be to find a way to profit from domestic oil exploration, production and sales.
No comments:
Post a Comment