EPA Petroleum, Inc. is a wholly owned subsidiary of World Oil Group, Inc. (OTC: WOGI) and is an independent producer of crude oil and natural gas. The company is actively involved in drilling activities in Pennsylvania through several relationships with other contractors. The company is constantly on the lookout for new opportunities in the oil and gas industries. They are community-centered and seek to work in a mutualistic relationship with the communities surrounding their drilling locations by providing jobs.
EPA Petroleum balances higher-risk exploration both in and outside of the US with its current lower-risk ongoing exploration and development projects. The cash flows of these sustainable operations are cycled back into purchasing properties, acreage, and equipment, which cuts the risk of needing to seek larger quantities of external financing.
Additionally, the company seeks to acquire oil wells previously used by larger companies that have allowed paraffin to build up. These wells are more affordable, and they allow EPA Petroleum the opportunitiy to exploit their advanced oil recovery techniques, internally referred to as EOR (Enhanced Oil Recovery Products and Techniques). These techniques are able to take wells that were no longer cost effective for larger companies to continue drilling and make them quite profitable.
