In the world of governmental permitting, nothing comes easy. It always seems that – if there isn’t a form for requesting a form government – administrators aren’t happy. So it goes for the many companies trying to offer products or services in locations where they haven’t been offered before. Those that take on the arduous task of navigating the permitting process, however, are those that tend to reap the biggest rewards and the biggest profits.
Tidelands Oil and Gas Corporation Inc., an oil and gas transmission/storage company, works to provide gas transmission and storage systems along the US/ Mexican border. It also anticipates reactivation at other U.S. locations. At the present time, the company is working through administrative and permitting steps to advance its projects.
The nature of the gas transmission business involves extensive infrastructure and administrative costs. At each step of the construction phase, permits are required from a seemingly endless stream of public entities. As such, the process of bringing new facilities online is an arduous one. Ultimately, however, once the process and construction phases are complete the free flow of revenues is relatively assured and profitable. Getting to that point is the task.
The company is currently working diligently with the Mexican and U.S. permitting authorities to build a pipeline and storage facility along the US/Mexican border. A subterranean facility is currently envisioned, and this is also working through the process. As a result of the lengthy permitting process, raising capital requirements necessary to reach operations is a constant effort. The company has been successful in this regard, and recently received significant commitments to push its projects forward.
Tideland Oil and Gas is a company working to position itself within a profitable energy market. Natural gas and propane prices are running at historical highs, and appear to be stabilizing at those levels. As the company reaches its goals, there will likely be a free flow of profits to reward all the administrative work required to get to the end goal of production and storage.
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