Global Leader in International Oil and Gas Industry News

posted in:

FTTN expects high returns from Louisiana oil wells

Friday, Nov 16, 2012

Louisiana's exemplary history of oil and gas production has set expectations high for First Titan Energy's (OTCBB: FTTN) assets.

“We’re committed to further oil and gas exploration in Louisiana, which is a premiere energy-producing state”

Louisiana is the nation’s top crude oil producer. Even excluding the state’s massive offshore production, Louisiana would still rank No. 6. So far in 2012, the state has produced 238,436,093 barrels of crude oil and condensate, according to the Louisiana Department of Natural Resources.

FTTN owns two working interests in prospective wells in Louisiana. The first is located in the historic South Lake Charles Field in Southwestern Louisiana, and the second in Lake Boeuf Field in the Southeastern region of the state. As the company and its partners work to finalize funding for both projects, FTTN CEO traveled to Louisiana this week to meet with the proposed well operators and inspect the two properties.

“We’re committed to further oil and gas exploration in Louisiana, which is a premiere energy-producing state,” said FTTN CEO Robert Federowicz.

“The reserve estimates for both of our current assets in the state are highly promising, and we plan to move forward with drilling as soon as the necessary funding is secured.”

For more information on FTTN’s oil and gas projects, please visit

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

AVEVA provides Integrated Engineering & Design solutions to TOTAL E&P Nigeria Limited 18-04-2014
Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Linde will be exclusive hydrogen supplier for the Shell Eco-marathon in Houston 18-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Forest Oil announces first quarter 2014 earnings release date and teleconference 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Endeavour announces settlement of SM Energy litigation 18-04-2014
Drilling and production update 18-04-2014
Shell announces Malaysia deep-water gas discovery 18-04-2014
Meeting between the Ukrainian Minister of Energy, Yuri Prodan, and Eni's CEO Paolo Scaroni 18-04-2014