South Plains Petroleum, Inc. uses modern technologies to re-evaluate and reprocess data on old oil and gas wells to rediscover remaining reserves.
Rather than gamble money on risky exploration, South Plains Petroleum identifies older oil and natural gas deposits with proven production records for re-development. Many times, by using new technology and/or simply modern equipment, South Plains Petroleum can take a defunct well, shut down due to lack of production or technical issues, and bring it back online. The process requires a fraction of the original investment and is ultimately low-risk, creating a win-win scenario for both South Plains Petroleum, and their shareholders.
Posted On: June 7 2019