There exist risks and uncertainty associated with oil and natural gas development including, but not limited to, the geological and mechanical risks associated with drilling, completion and production operations. The company can make no assurances as it relates to estimated reserves, production rates and timelines for any oil and gas project, the company said.
Allied Energy is an independent oil and natural gas company primarily engaged in the exploration, development, and production of oil and natural gas in the continental US. The company relies upon its industry partners, well operators, geologists, petroleum engineers, recommendations from third parties and financial experts whose combined industry experience is essential for each project.
The company has more than 6,000 acres under lease, more than 70 wells under development and continues to build its own gas line infrastructure system in Rogers county to maximize its price for gas at the wellhead. Allied Energy and its partners are also participating in oil and gas projects located in Leon county, Texas, Morgan county, Colorado and Washington/Athens counties, Ohio.
