FTTN expects high returns from Louisiana oil wells
Louisiana's exemplary history of oil and gas production has set expectations high for First Titan Energy's assets. “We’re committed to further oil and gas exploration in Louisiana, which is a premiere energy producing state”.
Louisiana is the nation’s top crude oil producer. Even excluding the state’s massive offshore production, Louisiana would still rank No. 6. So far in 2012, the state has produced 238,436,093 barrels of crude oil and condensate, according to the Louisiana Department of Natural Resources.
FTTN owns two working interests in prospective wells in Louisiana. The first is located in the historic South Lake Charles Field in Southwestern Louisiana, and the second in Lake Boeuf Field in the Southeastern region of the state. As the company and its partners work to finalize funding for both projects, FTTN CEO traveled.