Boyd Clark Resource Capital Solutions: Oil Exploration Pushes Through

Despite of demand concerns on crude oil and fuels, exploration push are going through. Like in US, some analysts believes that within a decade, they will no longer need to import crude oil and they might even be a natural gas exporter, which Boyd Clark Resource Capital Solutions thinks that it would be possible.

Energy companies making use of techniques such as hydraulic fracturing, along with horizontal drilling, are opening very large oil and natural gas deposits trapped in shale in places like North Dakota, Texas, and Pennsylvania. For instance, North Dakota is now producing a half-million barrels a day of crude oil and production is increasing.

Saudi Arabia is also starting an oil exploration push. It is expected to have an additional 100 billion barrels of new oil in existing fields in the Kingdom and in unexplored regions, including in the Red Sea. And by 2012, effort is also expected to increase its natural gas production by 40 percent.

In the meantime, Boyd Clark Resource Capital Solutions gathered a report that Iran has also announced the discovery of one of its biggest oil fields with high quality crude in a southern province.

Boyd Clark Resource Capital Solutions specializes in providing financial services to entrepreneurs and innovated businesses requiring up to $2 million. We understand that the economic financial outlook is complex, and that’s why our professional advisers take the initiative in helping companies and individuals develop financial objectives, analysis of ownership structures, and a full range of portfolio planning.

Boyd Clark Resource Capital Solutions
317-1508 Broadway W, Vancouver, British Columbia, Canada, V6J 1W8
Phone: 604-484-1324
Fax: 604-800-2789
press@bcrcs.com
Thomas Porter

This release was published on openPR.