Manjit Singh Sahota's organization drill for oil and gas, produce oil and gas, offers the oil to neighborhood treatment facilities and offers gas to the public gas purchaser. We are engaging with three oil and gas projects in Texas right this moment. We are raising $5 Mil for the advancements of such three projects.
Manjit Singh Sahota said, the long-term decline in oil demand threatens the survival of many companies, and the next decade will be very different for the entire O & G value chain. Another consideration is that the oil and gas industry rarely recovers when the industry is low, as it did during the price drop in 2013 and major environmental catastrophes such as the Deepwater Horizon oil spill in 2014 in the Gulf of Mexico.
Technological innovations in drilling and production have led to rapid growth in US oil and natural gas production in recent years. New developments in the US oil and gas industry have been spurred by the economic recovery following the 2008 financial crisis, new job growth, higher investment in oil and gas producing regions, and lower consumer gasoline prices. The proliferation of new oil and gas extraction technologies is not limited to the Un
Manjit Singh Sahota states, Natural gas is extracted from oil in the United States, as is the case with infrastructure, and there is no economic incentive to transport it for sale from the well. Natural gas prices in the United States are low, and natural gas infrastructure can not keep up with the rapid expansion of oil production in the region, resulting in a 50% increase in torch prices in 2018 compared to the previous year.3 US producers make almost all of their money from oil in this case so the gas involved is not worth putting on the market.
In addition to the challenges, oil and natural gas production in the US have soared over the last decade: US natural gas production was 34.4 trillion cubic feet (tcf) in 2020, the highest annual amount ever. The majority of the increase in production since 2005 is the result of horizontal drilling and hydraulic fracturing techniques in shale, sandstone, carbonate, and ot