Natural gas is quickly becoming the second most used fossil fuel around the world due to the use of Liquefied Natural Gas (LNG,) which can be distributed by truck. Penn USA Energy is ahead of the curve in the use of modular LNG conversion plants that can be brought directly to well sites. More….
Penn USA develops oil energy properties in Pennsylvania where the geology is favorable for low risk drilling. There is no exploration. Currently our projects have completed twenty-five wells in a localized area where drilling was first begun in 1859. We expand oil fields by drilling next to our best producing wells and those of our operators. We joint venture with some of the best private operators in the area.
Our projects benefit from tax incentives provided by congress to promote domestic energy production. Please contact us for further information.
Accredited investors can participate in developmental drilling and enjoy minimal risk exposure due to insurance and the unique structure of transactions.
We will send you a complete package of information on our current project, when you complete the form on our contact page.
The geology in PA is different than that of other areas of the United States. The following charts provide examples:
This is a depiction of oil as it exists and is drilled and produced in the Gulf Coast of the US—Louisiana, Texas, Mississippi, and Alabama. Note the oil derricks on the top of the drawing.
The picture above is of oil sands in Canada. Oil is extracted by mining, not drilling, but the picture clearly shows the various layers of sands. The picture shows a cross-section of blanket sands underground, as if you drilled down through each layer of producing strata.
The chart above is an illustration of the various oil/gas formations in Pennsylvania as seen from ground level. There are little or no faults throughout the section and the sands are referred to as blanket formations. In PA and NY even 2,000 ft. wells can have as many as 20 or more producing zones.