CARDINAL ENERGY
Cardinal Energy Group, Inc. is an environmentally responsible oil and gas company. They are reclaiming the vast, remaining reserves from their Nationโs producing oil fields. They focus on acquiring fields with existing production that are underdeveloped and located within formations that have demonstrated good historical production. Cardinal is a long term asset play, in a traditional energy sector that continues to grow globally. They are managed by public company and energy industry profe... ssionals that are admired and dedicated to their craft. They are a resourceful player suited to take advantage of the industry downturn. Their management brings the depth of experience and diversity to steer Cardinalโs future. Their team has an average of over 25 yearsโ experience, with some of their individuals approaching 40 yearsโ of know-how in their respective fields of expertise. Their finding and lifting cost of production is significantly lower than the national average because they pursue shallow oil, within know formations that have good historical production. Consequently they will be profitable in the $30.00 range should the price of oil ever reach that low. Furthermore, they are not over leveraged like many of their competition; they have a small staff of executives and professionals, which keeps their overhead low. And they outsource all well drilling and completing operations. However, they maintain pumping operations and administration once a well is complete. They anticipated this price decline during the formation of their company. Their research indicated that America was emerging as the number one producer of oil and gas in the world due to new technology that has unlocked its vast shale reserves. They also understood that the Russian, Mid-Eastern and South American oil companies were producing at record levels. These unfolding events coupled with waning global demand for oil indicated to us that the energy sector would naturally decline. Therefore they developed Cardinal to take full advantage of the next upswing by positioning their company to exploit the emerging opportunities in this downturn. Many of their competitors are suffering from the price collapse of oil, making them unprofitable. As new assets become available from financially strapped companies, they can selectively choose the best of their distressed prospects as they become available at deep discounts.
CARDINAL ENERGY
Industry:
Energy
Founded:
2007-01-01
Address:
Abilene, Texas, United States
Country:
United States
Website Url:
http://www.cardinalenergygroup.com
Total Employee:
11+
Status:
Active
Contact:
(325)762-2112
Email Addresses:
[email protected]
Technology used in webpage:
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http://www.cardinalenergygroup.com
- Host name: ec2-54-161-222-85.compute-1.amazonaws.com
- IP address: 54.161.222.85
- Location: Ashburn United States
- Latitude: 39.0481
- Longitude: -77.4728
- Metro Code: 511
- Timezone: America/New_York
- Postal: 20149