Centennial, CO, March 16, 2011 --(PR.com
)-- GeoDynamics Inc. is a privately owned independent oil and natural gas company based in Colorado with a top priority of locating and developing new sources of energy in the country’s domestic oil fields and natural gas fields. The company uses a unique exploration model, which is successful, and a diverse approach to enlarge the range of their ventures. It adheres closely to a successful model that allows the company to expand with safety as profits continue to increase.
Good news has been coming from the oil and gas industry in Colorado with the recent big oil discovery in the northern part of the state. This discovery is in a sheet of shale rock located deep under the ground, the Niobrara formation, and it extends into Nebraska and Wyoming as well. The Niobrara oil play has a potential to produce two billion barrels of oil in the near future. In the last few years, horizontal drilling and hydraulic fracturing technologies and are now being used to drill new wells in Colorado. These wells have been producing more than four times as much oil as traditional new wells in the area. Drilling permit applications in Weld County increased 12-fold last year with many companies seeking to profit by using the new horizontal drilling technology.
Expectations are that crude prices will soon rise considerably, and the profit potential and increasing demand have renewed enthusiasm in the company and made it a good time to expand and accept new joint venture partnerships.
Approximately 90% of the world’s products contain oil or use oil in processing, and rising world markets keep demanding more oil and gas. The declining value of the US dollar makes it less affordable to import oil and gas, so locating and extracting fuel in this country is important. GeoDynamics collaborates with its partners and with the government to perform explorations efficiently and responsibly with exceptional results. The company’s experience, innovative procedures and cutting edge technology have prepared it to meet the rising needs of the market. Receiving new joint venture partners into their team can enhance the expansion and exploration efforts. GeoDynamics does not sell securities, but after careful consideration it appears that oil will be one of 2011’s big investments.