Upon watching developments in the investment market, as well as on the political level, Skyline Energy decided to increase the volume of investment in order to restart and develop the fields that had previously produced oil and gas wells using the latest fracturing technology. Also, we have actively accelerated the pace of drilling new wells in Louisiana, Texas and Oklahoma. These states are amongst most actively developing regions with developed infrastructure.
Another major reasons why now is the most profitable time to invest in the U.S. oil and gas industry is the fact that decline in oil prices on the world market dramatically reduced the exploration cost by almost 30-40%. Thus, production costs are significantly reduced while productivity remains the same.
Skyline Energy believes that now is the perfect opportunity to create the most comfortable platform to make a decision about investing finances in the energy industry. This explains why the world’s leading investment companies, including Warren Buffet, have focused on investing in the energy sector in recent years.
Yes, risks remain unchanged. Institutions or technology advancement cannot completely eliminate geological and technical risks, just as how risks will always remain in any industry or investment deal. However, risk is always calculated and studied, and based on industry calculations, it has been significantly reduced at this given time.
Skyline Energy has decided to increase the volume of investment involved in oil and gas due to the current market conditions mentioned above and other research conducted by our internal staff, which remains confidential to the general public.
