Leveraging today’s technology with the goal of delivering decades of consistent profit in the future. American oil is not dying, it’s evolving. LGX Energy uses the latest seismic technology to strategically lower risk and increase success in areas of untapped opportunity in the Midwest as reliance on natural energy continues.
In 2007, the U.S. Geological Survey (USGS)* estimated the quantity of undiscovered, recoverable oil and gas resources:
Proven oil pay zones* which are undeveloped and prospective. All projects are expected to have multiple oil pays.
Shallow reserves paired with limestone, dolomite, and sandstone rock formations can make for accurate drilling and more stable output.
Drilling permits can be secured in as few as 10 days. Royalty and lease rates can also be less expensive than in other states.
Proven oil pay zones which are undeveloped and prospective.
Highly charged with shallow oil: inexpensive to locate, drill, find and recover.
Discovery potential of new fields range between 100,000 and 1 million barrels
All projects expected to have multiple oil pays
Low operating, labor, and land costs
Positive regulatory environment
Most oil development in Indiana has not used seismic data.
Technological advances in 3D seismic surveys have changed the approach to finding oil.
LGX plans to use 3D seismic to identify undrilled locations in existing oil fields.
3D seismic technology greatly lowers seismic acquisition costs
Chairman and Chief Executive Officer
JOHN P RYAN
Vice President and Director
JOHN V MILLER
Manager, Adler Energy
Senior Advisor, Adler Energy
Senior Geophysicist, Adler Energy
Senior Landman, Adler Energy
Assistant Land Acquisition Specialist
You can possibly earn tax-free passive income by using self-directed IRA funds to fund your investment. Traditional, SEP, and ROTH IRAs, 401k from Prior Employer, Retired TSP Plans, and 403b plans are eligible.