Oil Gas Coal - Houston, TX, US
Violet Energy focuses on achieving superior financial returns on investment by acquiring, operating, and improving oil fields, wells, and leases from Illinois Basin operators and landowners with emphasis on opportunities that:1) offer immediate increase in Cash Flow by upgrading of surface facilities, completion of downhole work, and profitable new development drilling previously stalled by cash flow constraints;2) provide exceptionally high-return, low-risk exploratory and development opportunities that are identified and confirmed by 3-D seismic control;3) contain productive conventional oil reservoirs set to profit from horizontal drilling development;4) produce from stacked reservoirs, with a strong preference for reefs, anticlines, and domes;5) can benefit from advanced EOR-ASP technologies.
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