(MENAFNEditorial)
Dallas TX / Sethi Petroleum a subsidiary of Sethi Financial Group is currently reviewing several prospective oil and gas opportunities located throughout the Eagle Ford Shale. The Texas oil and gas investment company will be reviewing several promising projects in the area over the next 30 days.
“We are very excited about these new prospects” says Sameer P. Sethi Present of Sethi Petroleum. “The current fall in oil prices has created the perfect climate for acquiring worthwhile petroleum opportunities.”
The prospects range approximately from 2000 acres to upwards of 10000 acres across the Eagle Ford hale. Each opportunity is vetted thoroughly by the company’s team of oil and gas professionals including seasoned Sethi Petroleum Geologist Dr. Alan Anderson Director of Acquisition Chris Geise Esq. and Energy Equity Analysts Kirby Hall Jackson III and Ryan Zamora.
The Eagle Ford Shale is located in south Texas and is not only considered to be the largest single economic development in history but also the largest oil and gas development in the world based on capital invested according to EagleFordShale.com.
Though drilling has slowed significantly in the U.S. oil play arena potential still keeps industry hopes high. Colorado based research company IHS recently released a report showing that an estimated 1400 oil wells were drilled but never completed throughout the Eagle Ford. This means that these currently inactive wells can be turned into active wells at approximately 65% of the cost of a new well giving companies an economic advantage once the oil slump ends.
“Now is the best time to invest in oil and gas especially on the exploration and production side” continues Sethi. “The current oil slump is only temporary. The demand for oil will never subside and there are prospects being overlooked simply due to a fear of the falling oil prices. We intend to take advantage and bring opportunities to the table that will benefit both our clients and our partners.”
About Sethi Petroleum LLC
Sethi Petroleum LLC headquartered in Dallas Texas is an oil and gas investment company offering investors portfolio diversification tax incentives and ground-floor investment opportunities managed and operated by major oil or publically traded energy companies. Sethi Petroleum provides private and institutional investors the opportunity to profit from the oil and gas industry and energy markets. We are managed by a team of industry specialists with more than 200 years of combined experience and have more than 10000 oil and gas industry affiliations bringing us opportunities from around the globe. We are the best at what we do.
About Sameer P. Sethi
Sameer P. Sethi is the Chief Executive Officer and founder of Sethi Petroleum and has managed the company since its inception. Mr. Sethi started out in banking and later became a registered representative of FINRA (Financial Industry Regulatory Authority). He went on to become an independent contractor for a local oil and gas company where his duties were to evaluate prospects for their geologic technical and economic feasibility. Once the projects were approved he was responsible for financing and managing the projects. He later went on to start Sethi Financial Group and Sethi Petroleum in 2003. He has acquired and managed nearly 400 oil and gas wells on behalf of his clients and has consulted on energy developments valuing in excess of $2 billion. As a result Sameer P. Sethi has developed extensive experience in all matters related to profitably producing oil and gas investments. Mr. Sethi has successfully operated and managed other private equity businesses in such industries as venture capital financial services investment banking oil field services and real estate. His educational back-ground is in both Geology and Finance from the University of Texas at Dallas and Southern Methodist University.
Media Contact:
Missy Gray
mgray@sethi-fg.com
972-509-9100
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