Daily U.S. Oil Production to Reach 5 Million Barrels Before 2020
BRADENTON, Fla.--(BUSINESS WIRE)-- 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. (NYS: CLR) , Chesapeake Energy Corp. (NYS: CHK) , SandRidge Energy Inc. (NYS: SD) and Ultra Petroleum Corp. (NYS: UPL) .
For more information on FTTN's oil and gas projects, please visit www.firsttitanenergy.com/investors.html.
About First Titan Corp.
First Titan Corp., through its wholly owned subsidiary, First Titan Energy, LLC, is committed to the exploration and development of oil and natural gas resources around the globe. The company continually seeks to partner with energy developers that are pursuing innovative new methods of oil and gas extraction, including the development of new technologies, cleaner methods and unconventional resources.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
First Titan Corporation
Harvey S. Bryant, 941-753-4889
President and CEO
KEYWORDS: United States North America Florida Texas
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