Underground Energy provides innovative solutions to recover
previously unrecoverable energy resources
Underground Energy (UE) is a US corporation in the business of commercial exploitation of hydrocarbon resources previously considered inaccessible, impractical or uneconomic. The company utilizes a combination of conventional techniques and underground construction technologies to design and implement property specific hydrocarbon recovery projects which allow recovery of stranded oil and gas reserves in North America. We are also pursuing the generation of alternative energy through the application of tidal and wave energy technologies in underground facilities.
Underground Energy intends to be an oil producer of medium, heavy and ultra-heavy crude oil from fields containing significant oil in place.
Company Niche:
- Ability to identify and acquire large stranded hydrocarbon assets that can be recovered through UE technology
- Ability to bring projects on-line quickly because of proximity to necessary infrastructure in California
- Ability to combine underground technology with thermal and other proven enhanced recovery methods for increased production and more successful projects
- Ability to permit projects for hydrocarbon production
Company Goals:
- Develop a large asset base of resources with technological challenges uniquely addressed by UE technology
- Bring projects on-line quickly to achieve future production
- Asset appreciation and increasing company value through resource delineation, permitting and production operation
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