Norman Schwarzkopf’s World Business Review TV Series Features EnerMax, Inc.
July 10, 2007 - Multi-Media Productions (USA), Inc. announced recently that EnerMax will appear on World Business Review, hosted by General Norman Schwarzkopf. The upcoming segment, which will be aired nationally, will examine how independent oil and gas producers are changing the landscape of domestic oil and gas production.
As major oil producers move their operations overseas, independent firms like EnerMax are stepping in to fill the production gap. As privately held and privately funded companies, independent firms are providing significant economic benefits for both consumers and investors. For consumers, the benefits come in the form of new jobs, economic growth and decreased dependence on foreign oil. For investors, independent oil and gas companies provide an investment vehicle which allows public involvement directly at the wellhead.
However, as is true of any industry, there are risks associated with the oil and gas sector. Part of EnerMax’s success is a result of their risk management strategy, which utilizes a variety of technological tools throughout the planning and execution of each project. According to Bret L. Boteler, president of EnerMax, “Oil and gas companies face three basic types of risk: geological, mechanical and production. For example, before a well is drilled, it’s impossible to know exactly what’s there. That’s geological risk. However, we can get a pretty good idea of what’s there by utilizing advanced 3-D seismic technology and other tools, which is exactly what we do. The same is true of mechanical and production risks. It’s impossible to completely eliminate risk from the equation, but we do our best to use the technology available to minimize it.”
Gerard Kraemer, coordinating producer of WBR, agreed. “When researching the latest developments and advancements in exploration, EnerMax, Inc. consistently came up as being at the forefront in this area. They were a natural to appear on this edition of World Business Review.”
Published Tuesday, July 10th, 2007 at 9:40 am and filed under Press Releases.