Ameriwest Energy is a domestic oil company with one very specific goal: to decrease foreign oil dependency by targeting pre-existing yet underdeveloped American oil reserves.
Vast stores of oil still remain all over our country’s western regions, left unrecovered after traditional extraction methods have run their course. More than half of the oil originally discovered in and around the Rocky Mountains, in particular, is still untouched to this day. The volume of these reserves is estimated to be 23 billion barrels, and Ameriwest intends to capitalize on this overlooked resource by using cutting-edge recovery techniques.
The company’s tertiary (oil recovery from pre-existing wells through the underground application of heat and chemicals) focus is currently vested in three main areas, defined as low-risk, historically-producing properties. Part of Ameriwest’s tertiary recovery program, the South Glenrock plot, contains just under 5 million barrels of recoverable crude, and the potential for about 2.5 million barrels lies in the Burke Ranch field. The greatest prospect, however, is known as the Cole Creek reserve; originally estimated to hold over 125 million barrels, the Wyoming Oil & Gas Conservation Commission estimates that only 18 million have been harvested thus far.
Ameriwest’s attention to properties which have been largely overlooked, and under-worked, could be the ticket to materializing its goal of becoming an American oil superpower.
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