Sethi Petroleum, an oil and gas investment company headquartered in Plano, TX, is currently evaluating two potentially lucrative joint venture opportunities in Williams, ND.
Sethi Petroleum, an oil and gas investment company headquartered in Plano, TX, is currently evaluating two potentially lucrative joint venture opportunities in Williams, ND. Both drilling projects reside in the northwest quadrant of North Dakota and are the equivalent of approximately 200 net acres of land. Currently, this project is being evaluated by Sethi Petroleum's experienced team of landmen, geologists, energy equity analysts, CFA Candidates and petroleum lawyers.
Sethi Petroleum utilizes a meticulous evaluation process for incoming drilling opportunities called "The Gauntlet," assessing each potential project on its geological worthiness, reservoir analysis, economic viability, proven production and, if available, seismic data. Once the company has endorsed these opportunities, they are forwarded on to broker dealers, private equity groups and institutional investors for consideration.
"On an annual basis, our seasoned team of petroleum professionals can evaluate upwards of 1,000 domestic and global drilling opportunities," says Sameer P. Sethi, President of Sethi Petroleum. "We are confident in our ability to scour the industry for projects that are not only conservative in nature but have the potential to yield highly-favorable returns for our clients."
The acquisition of the two drilling projects in Williams County, North Dakota would allow Sethi Petroleum to possess yet another stake in the success of the Bakken Shale formation within the Williston Basin. The Bakken Shale has been making headlines over the past few years as one of the most successful oil shale plays in the United States. Recently, it was announced that Enterprise Products Partners LP will building a 1,200 mile pipeline from the Bakken Formation to the Cushing, Oklahoma, storage hub.
"The Bakken is bursting with potentially lucrative opportunities that we intend to explore," says Sethi. "We intend to stay current on exploratory and existing drilling projects in order to offer only the best projects to our investor groups."
About Sethi Petroleum, LLC
Sethi Petroleum, LLC is a diversified independent energy producing company headquartered in Dallas offering oil and gas investors portfolio diversification, tax incentives and ground-floor investment opportunities. Sethi Petroleum provides private and institutional investors the opportunity to capitalize on the oil and gas industry through its extensive network of business contacts and professional affiliations developed over the past ten years.
SOURCE: Sethi Petroleum, LLC