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SOURCE: 3 E Tennessee
3E Tennessee is making the most of an energy renaissance in the Appalachian Basin by employing the latest technologies in oil and gas extraction. The company has announced that they are experiencing an unprecedented success, providing a solid return for investors, as well as jobs for local residents.
Portland, Tennessee (PRWEB) October 04, 2012
3E Tennessee, a Nashville-based energy company specializing in shallow well oil and gas recovery, is happy to announce the completion of their latest project in Cumberland County, Kentucky. The project uses the very latest oil and gas extraction technologies to redevelop a field once thought depleted by conventional extraction methods.
Their groundbreaking technology enables 3E Tennessee to drill and re-enter shallow draft wells that are both consistently productive and cost-effective. Furthermore, being able to utilize existing infrastructure provides value and is indicative of good resource management. 3E's latest project is on par to far exceed the 100 barrels per day projections as stated in their initial offering. It is just one of a number of exciting new projects the company is rolling out in the months to come.
3E Tennessee President J.W. Towe has been deeply involved in the Kentucky project from the inception. He is excited about the progress his company is making and the returns it has produced.
"We might be small by industry standards but we are successful," Towe said. "Our conservative approach separates us from most in the industry and can be directly attributed to our success and longevity."
In addition to producing a steady stream of revenue to their partners, 3E Tennessee has also provided employment for many of the area's local residents. In a time when most areas are still seeing depressed employment figures, workers in Cumberland County are seeing new job opportunities. Continued development in Kentucky should mean even more jobs there in the future.
Where investors are concerned, 3E Tennessee is offering a great return. Given the fact that the price of imported oil is now hovering around $90.00 a barrel, being able to produce oil domestically provides an excellent business model that 3E Tennessee and its financial backers are finding profitable.
About the company:
Based out of Nashville, TN, 3E Tennessee continues to be a rising star in the ever expanding O&G industry. With a focus on national energy independence, J.W. Towe president of 3E Tennessee is leading the charge in the rapid redevelopment of the Ordovician oil and natural gas producing zones of south central Kentucky. For more information contact them at info(at)3ETN(dot)com or call them 877-456-3386.
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