As new technology maximizes production on undeveloped and unconventional resources, the U.S. oil and natural gas industry is expected to realize unprecedented gains, foretelling potentially lucrative profits for First Titan Corp. (OTCBB: FTTN) and its investors.
In information gathered from the 2013 NAPE Business Conference, oil production in the United States has increased by 1.5 million barrels per day since 2008, making the U.S. the country with the highest oil output growth in the world. With the expertise and technology available in the U.S., this growth is expected to continue. In fact, before 2020 North America’s daily oil production could reach 5 million barrels, while natural gas liquids could be as much as 5.5 million barrels of oil per day.
FTTN, a rising oil and gas energy company, is focusing on acquiring assets in the fertile East Texas, South Texas and Central Oklahoma regions. Each of those high-grade acquisition candidates will launch FTTN into a drilling program in a multi-million barrel oil field. The potential for immediate financial impact will enable FTTN to dramatically increase its grow rate over the next 12 months.
First Titan Corp. is building a strong collection of oil and gas properties and is dedicated to the continuing development of energy assets throughout North America alongside companies such as Continental Resources, Inc. (NYSE: CLR), Chesapeake Energy Corp. (NYSE: CHK), SandRidge Energy Inc. (NYSE: SD) and Ultra Petroleum Corp. (NYSE: UPL).
For more information on FTTN’s oil and gas projects, please visit www.firsttitanenergy.com/investors.html.