For more than 120 years in the U.S., wherever there was suspected to be oil, somebody drilled into the ground to try and recover it. Oil was the fuel for America’s rise to the leading economic power in the world and has shaped the American way of life decisively.

Today the U.S. is still dependent on the availability of plentiful oil supplies. Even though the U.S. only makes up 4.5% of the world’s population, they use approx. 20 mil. barrels of crude oil a day which is equivalent to around a quarter of worldwide daily production.

Meanwhile the U.S. produces less than 30% of its demand on its own soil, which makes the world’s most powerful nation more and more dependent on foreign imports.

This, even though, depending on various estimates, there is at least four times as much oil under North American soil as is currently exploited.

Unfortunately, a large part of these untapped reserves are either difficult to get to or exist in the form of unconventional oil deposits such as oil shale or oil sands. Exploiting them comes with a high price tag.

This is the reason RGR focuses on existing and abandoned oil fields where it searches for undiscovered small oil deposits with the aim of developing them.

By using GeoSpectra IPDS® as pre-cursor, the risk of drilling dry holes sinks, volumetric estimates are calculable in advance and often, the availability of existing infrastructure (derricks, pipelines, oil-water separators, etc.) lowers the production costs.

Furthermore GeoSpectra IPDS® can help locate optimal positions for production wells, injection wells, observation wells, and delineation well and can also guide the optimal orientations for horizontal wells as well as identifying potential hydrocarbon pool extensions before drilling.