Projections for Natural Gas Output Suggest Strong Earnings Potential at First Titan Corp. (FTTN) Holdings
With a presence in Texas, Alabama, Oklahoma, and Louisiana, First Titan Corp., an oil and natural gas company, continues aggressive operations at its natural gas reserves. One of the company’s most notable plays is located at South Lakes Charles, where the company’s oil well is being drilled to a target depth of 15,300 feet. Approximately 60 billion cubic feet of gas and 4 million barrels of oil were put forward as estimates being available at this site for extraction. While the company continues its efforts and seeks new opportunities, the U.S. Energy Information Association (EIA) recently released analysis suggesting natural…