Austin, TX -- This week Carson Energy is releasing their massive new Lone Star Collection project to new investors. This expansive project containing four major Texas drilling sites is a bold move to take advantage of record low drilling costs.
As oil prices have dipped, so has the price of drilling oil wells, making this prime time for exploring for ever greater oil reserves in the U.S. Industry analysts believe it's only a matter of months until oil prices could spike again, turning Carson Energy's New Lone Star Collection into a profit headliner.
The Collection includes not one, but four large fields in Matagorda, Hardin, Wharton, and Chambers counties respectively. All are located along the Texas Gulf Coast which has one of the world's richest underground oil reserves.
The Lone Star Collection fields total nearly 7 square miles with projected revenues exceeding $1 Billion Dollars. Experts believe there are between 12,960,000 and 18,500,000 barrels of crude ready to be pumped.
Carson's investors are bracing for a healthy round of what the industry refers to as double dipping. That is when investors drill during inexpensive times when prices are low, then sell their oil when the price goes back up. Investors have the advantage of coming in very low and being in position when prices skyrocket.
Carson Energy uses advanced 3D Bright Spot technology to pinpoint the location of rich oil reserves. This is cutting edge technology that is bringing greater precision to modern oil exploration and development.
Texas is the nation's leader in oil production with proven oil reserves approaching 10 billion barrels. The vast promise of American oil fields coupled with newer drilling and refining methods has made the U.S. practically energy independent.
Carson Energy Group was founded in 1983 and now operates globally with oil and gas projects in Alabama, Colorado, Louisiana, Texas and Australia. Further details on The Lone Star Collection can be viewed at http://www.carsonenergy.com/texas-oil-industry-report-and-spotlight/
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