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AXIO (Axiom Oil and Gas Corp.)


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axio logoAxiom Oil and Gas Corp. (AXIO) is a U.S. oil and gas exploration and development company who focuses on the acquisition of oil and natural gas interests with significantly lower operation costs.

Focusing on the drilling of development wells that are completed and have proven substantial reserves instead of drilling on exploratory wells, AXIO currently holds 15,000 gross acres just a few miles from the Canadian border in Toole County, Montana where existing wells have been producing for an estimated 30 years. With two drilled oil and gas wells and two producing gas wells, AXIO has developed a 850 ft. large geological structure, referred as the Kevin-Sunburst Dome, that has already produced 130 million barrels of oil and 150 billion cubic feet of gas. Specifically lying along the eastern edge of the well-known Southern Alberta Basin where past oil companies have produced over 320 million barrels of organic rich Bakken Shale oil, the company minimizes its project operation costs as the oil field in which they are located does not produce water. Additionally, 39 square miles, or 24,960 acres, of comprehensive 3D seismic data that provides structural imaging and ability to map the quality and distribution of oil and gas, delineate its location.

Moreover, in order to increase the reservoir’s potential AXIO intends to drill on 20 new drill locations, acquire an additional 30,000 acres in adjoining counties, and create a secondary recovery program for the current Montana field project and potentially triple production.

 

Website(s): www.AxiomOil.com

 

Market Outlooks:

  • Oil companies have been drilling in the Southern Alberta Basin region for over 90 years and have generated billions of barrels of oil.
  • According to the U.S. Geological Survey, the Bakken Shale region has been named the largest continuous oil accumulation that has ever been assessed and has nearly 500 billion barrels of untapped oil lying beneath Montana.
  • According the International Energy Agency, oil demand is climbing at the fastest rate in five years.
  • In a recent CNN article, the U.S. oil output totals nearly 9 million barrels per day.
  • Compared to the same period in 2014, global oil demand surged in the first six months of 2015.
  • The U.S. Energy Information Administration anticipates U.S. oil production will total 9.25 million barrels per day for 2015.

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