Through our pursuit of production properties to purchase (and subsequently drill), since August 2014, we have been continuously reviewing properties for potential purchase in our key operational area. Triangle economically incorporates major oil company exploration strategies that employ large-scale regional study applications targeting specifically “shallow” reserves of 10,000 feet or less. These prospects are generated using the latest in geo-technologies available such as 3-D seismic, gravity/magnetic surveys and thin bed sand exploitation to enhance overall project performance.
Our specialty is finding good shallow reserve projects. Two recent developments in the Gulf Coast regions of Texas have generated a great amount of interest:
Triangle continues to pursue new areas of drilling development to add to our current producing areas. Shallow, low-risk, high-reserve potential projects will continue to be our main focus while adding new technologies and prospect access to our approach.