Stock Guru Profile Universal Energy – Blog – News
UNIVERSAL ENERGY – Who Runs the Company MATTERS!
UVSE is guided by experienced business men with years of leadership and excellent business practices … and an expert in the Oil and Gas Industry! These are not wildcatters.
These are not men who take risks. These are men who are running a business to make a profit. These are the men anyone would select as partners. Read Management’s Profile if you have missed it.
3D Seismic Survey Crucial to Good Stewardship of UVSE
3D Seismic Surveys are not inexpensive. However, good stewardship of the company’s capital demands an above industry standard risk analysis for each project. It sounds obvious that 3D seismic survey is a gigantic step above 2D seismic data in analyzing the probability of meaningful oil and gas recover.
With 3D seismic information, geophysicists have access to more sophisticated field equipment, larger capacity computers and more complex software.
The use of the 3D seismic method has resulted in a tremendous improvement in the success oil companies have in finding oil and gas. It has been so successful that it is now being tried in the mining industry. Today, of all existing geophysical tools, 3D seismic gives the clearest image of hidden earth layers.
Sample 3D Seismic
Not Your Father’s Oil and Gas Industry
Interpretation of the 3D seismic data is done on fast, interactive workstations and often projected onto large screens in ‘visionariums’.
Interpretation geophysicists frequently work as part of a team which includes geologists, engineers, land negotiators and computer specialists. They combine their talents to develop ‘plays’ and decide where to drill wells to find new oil and gas reserves.
How 3D Seismic Data Works
3D seismic data provides detailed information about fault distribution and subsurface structures.
Computer-based interpretation and display of 3D seismic data provides more data to analyze than 2D seismic data.
3D seismic data consists of a set of numerous closely-spaced seismic lines that provide a high spatially sampled measure of subsurface reflectivity.
Typical receiver line spacing can range from 1000 ft to over 2000 ft.
Typical distances between shotpoints and receiver groups is 82 ft for offshore and internationally and 110 ft or 220 ft onshore USA, using values that are even factors of the 5280 feet in a mile.
The data obtained from 3D seismic surveying can be “cut” in any direction but still display a well sampled seismic section.
The original seismic lines are called in-lines. Lines displayed perpendicular to in-lines are called crosslines.
In a properly migrated 3D seismic data set, events are placed in their proper vertical and horizontal positions.
This gives geologists the ability to much more accurately create subsurface maps with horizontal and vertical information!
CONTACT:
Universal Energy Corp.
Billy Raley, CEO, (800) 975-2076
braley@universalenergycorp.info
Email: Dyron M. Watford, CFO – dwatford@universalenergycorp.info
Website: www.universalenergycorp.info
30 Skyline Drive
Lake Mary, FL 32746
Phone: (800) 975-2076
Fax: (800) 805-4561
Source: Universal Energy, CSEG
About Universal Energy Corp. Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.
Safe Harbor Statement: All statements, other than statements of historical fact, included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company’s future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company’s control, and may yield results differing materially from those anticipated. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration opportunities being fewer than currently anticipated. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings.
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