Foothills Exploration Inc. (FTXP)

Overview

Foothills Exploration, Inc. operates as an independent oil and gas exploration and production company with a strategic focus on identifying, acquiring, and developing properties in the oil and gas sector. The company's operational efforts are primarily concentrated in the United States, with a significant emphasis on the Rocky Mountain region. Holding approximately 41,800 acres across the Greater Green River and Wind River Basins in Wyoming, along with the Uinta Basin in Utah, Foothills Exploration, Inc. leverages its extensive acreage to explore and exploit oil and natural gas resources. Based in Los Angeles, California, the company is dedicated to pursuing opportunities that enhance its portfolio and generate value for its stakeholders by exploring the vast potential of these resource-rich regions.

Products and Services

• Oil and Gas Exploration

  Foothills Exploration, Inc. specializes in the exploration of oil and natural gas properties. Utilizing modern geological and geophysical techniques and data analysis, the company seeks to identify promising sites for the extraction of oil and gas resources. This involves detailed assessments of subsurface geology to pinpoint drilling targets that offer potential high yields.

• Production and Development

  Following successful exploration and discovery, Foothills invests in the development of these properties to initiate production. This includes drilling operations, installation of production facilities, and implementing technologies to optimize the extraction of oil and gas. Their focus on the Rocky Mountain region takes advantage of the area's rich mineral reserves, aiming to efficiently develop these assets into productive sites.

• Property Acquisition

  A key component of Foothills Exploration, Inc.'s strategy involves the acquisition of oil and gas properties. By carefully evaluating and purchasing promising acreage within their focus areas, notably the Greater Green River and Wind River Basins of Wyoming and the Uinta Basin of Utah, the company expands its operational footprint. These acquisitions are selected based on geological potential, existing infrastructure, and the opportunity for value creation through exploration and development activities.