BEDFORD, TX, October 11, 2013 /24-7PressRelease/
-- Pangean Energy's owner and President Bart Sweazea is celebrating 20 years in the oil and gas business. Bart Sweazea's company, Pangean Energy, is a privately owned, well-connected oil and gas exploration company located in Bedford Texas. Bart Sweazea has been in the oil and gas business since 1993 drilling wells throughout Texas, Louisiana, Oklahoma, Pennsylvania, Kansas and Ohio.
Bart Sweazea explains that Pangean is currently focused on shale plays in the biggest shale oil fields in the country including: the Bakken Shale in North Dakota, the Eagle Ford in south Texas, and the Chainman Shale in Nevada. Bart Sweazea
says that talks of an IPO are in the works as they plan to develop the 50,000+ acres they have under lease and option in North Dakota and Montana.
Bart Sweazea has said, "We plan to make a huge impact in several of the major shale plays in the US. America is like the Saudi Arabia of Shale Plays and I can't imagine a better time to be in the oil business than now! Especially for someone as experienced and connected as I am in shale drilling and completion."
continues, "My friends and partners are some of the biggest players in the industry and I'm securing acreage at a very fast pace! We plan to drill 'as many wells as we can,' in 2014 and should double that in 2015. Quite frankly, we have enough acreage to keep us busy drilling and completing productive wells through 2025. We could drill a lot more if we went public."
"Bart Sweazea is a jack-of-all-oil-trades and he is bringing his multipronged skill set to the Bakken," reports The Bakken Magazine. Bart Sweazea of Pangean Energy says that all laterals are expected to be at least two miles, and according to Bart Sweazea
, the drilling team is planning to emphasize high-volume fracking in each well.
And, Bart Sweazea plans to drill more than just a few wells. Pangean Energy has already formed a joint venture with another Texas-based exploration, production and enhanced oil recovery firm that Bart Sweazea says will help solidify the role of Pangean Energy in the Bakken.About:
Bart Sweazea celebrates 20 years in oil business.