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GRPR (Grid Petroleum Corp.)


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grpr logoGrid Petroleum Corp. (GRPR) is an American oil and gas who focuses on the acquisition and development of low cost, high reward oil and gas prospects in the U.S. and Canada.

The current costs of acquiring and leasing, exploration, drilling, and completion of oil and gas properties have all benefited from the recent price decrease per barrel of oil and is expected to rebound in the very near future. With an intent to acquire additional acreage and expand their project, GRPR acquisitions currently include the Kreyenhagen Trend Properties  in the San Joaquin Valley of Central California which is expected to have five drilling wells and produce approximately 2,000 – 3,000 barrels of oil per day per well. According to research, an oil boom in 1899 first started in the San Joaquin Valley and continues to be a prolific region that provided approximately 68% of the oil produced by California in 2008.

A few states away, GRPR has additionally acquired the Panther Project, a 22,000 acre multi-prospect project in Garfield County, Montana that is presently undergoing a 3D survey to assess the land.

 

Website(s): www.gridpetroleum.com

 

Market:

  • California oil refineries gross profits nearly doubled in 2015.
  • S. oil production is expected to total 9.65 million barrels per day for 2015.

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