NaturalGasStocks.com (NGS), and OilandGasStockNews.com (OGSN), global investor websites for the natural gas, energy and oil industries present online interviews with Aubrey McClendon, CEO of Chesapeake Energy Corporation (NYSE: CHK); Paul Branagan, CEO of Petrol Oil & Gas Inc. (OTCBB: POIG) and Philip McPherson, Director of Research, C.K. Cooper & Company on long term positioning and strategy for success within the natural gas arena. As participants work to meet the growing demands for natural gas; consolidation, acquisitions, increased capital investments and the building of strong teams are strategies helping companies to raise exploration and production levels in the natural gas industry.
As Aubrey McClendon, CEO of Chesapeake Energy explains, “I believe that it is necessary for our country to increase natural gas supplies. Consolidation helps companies to achieve scale, scale gives you greater access to capital, it gives you greater access to technology and gives you greater access to people and those are the three building blocks for production growth.”
Petrol Oil & Gas CEO Paul Branagan discusses the accelerated drilling program that recent funding has enabled the Company to pursue and explains, “For companies to be successful in this arena the rule is to keep drilling, find ways to reduce costs, make sure the field and the operational team is well suited to the area and the kind of environment you are in. The market exists, the demand is high and the end users are expecting continued increases from gas producers and obviously we all must comply with their demands to maintain market confidence.”
According to Philip McPherson, Director of Research, C.K. Cooper & Company, “The politicians realize that we shouldn’t have 30-40% of our oil and gas production coming out of one region, being the Gulf of Mexico, and that we need to have other areas around the country where we can have reliable supplies of oil and natural gas so that when we do have these natural disasters we can have more of a cushion. Hopefully the Energy Bill will allow for more exploration and the unconventional supply of natural gas, such as coal bed methane, will continue to increase.”
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Featured Companies: (OGSN and NGS are compensated by companies as disclosed in disclaimer.)
Petrol Oil and Gas, Inc. (OTCBB: POIG) is an oil and gas producer whose primary focus is the development and production of oil, gas, and Coal Bed Methane (CBM) in Eastern Kansas and Western Missouri. During the past three years POIG has assembled a 165,000 gross mineral acreage prospect and drilled a total of 23 test/development wells in this area that are geologically suitable for CBM development. In addition, the Company currently operates its 10,000 gross acre producing Petrol-Neodesha property with 72 CBM wells in the prolific Thayer Gas Field in Southeast Kansas and has recently acquired an additional 400 gross acres adjacent to its Petrol-Neodesha property.
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