Oil and Gas Exploration

The process of developing a prospect or play is a relatively straight-forward endeavor. Billions of dollars are spent each year generating new oil prospects.  The resulting new oil discoveries are the bloodline of the oil industry and essential for long term economic growth and prosperity.

The first step in prospect generation is researching locations (usually focusing on proven petroleum basins) and identifying potential leads.

Once a specific lead has been identified, information from past and existing wells (well logs) in the surrounding areas is used to further qualify the leadís potential oil sources and the geological subsurface structures in the general area.

The task of qualifying an oil lead is typically assigned to geologists, whether employed directly by an oil company or under contract from a private firm. Their task is to find the right conditions for an oil trap -- the right source rock, reservoir rock and entrapment.

Leads can also be qualified through the use of science. By utilizing geophysical surveying and other mapping methods, a lead can become a prospect by providing scientific evidence of oil at a particular location. 

Geophysics is the use of surface, borehole, airborne, marine and satellite measurements to examine the properties and structure of the Earth's interior.

The final step in the prospect generation process is securing leases from mineral owners. Once a lead has materialized into a prospect, leases must be secured for an oil company to have the rights to drill for the minerals.

Home | About Eno | Testimonials | Client Login | Contact Us | Site Map
Web Design by eLink Design, Inc. | Hosted by Intelliwire, Inc.
©2024 Eno Petroleum Corporation. All Rights Reserved.

There are significant risks associated with investing in oil and gas ventures. The above information is for general purposes only and is not a solicitation to buy
or an offer to sell any securities. General information on this site is not intended to be used as individual investment or tax advice. Consult your personal tax
advisor concerning the current tax laws and their applicability and effect on your personal tax situation.