Headquartered in Oil City, Louisiana, Black Dragon is in the business of enhancing the productive output of crude oil and natural gas in mature, marginal stripper wells, a well whose production has slowed to 1/2 bbls of crude oil per day or less.

There are over 400,000 crude oil stripper wells in the United States, which produce nearly 1 million bbls of crude per day. Not all mature wells are producing; many have been abandoned and plugged, due to lower market prices for crude oil in the 1980s.

There are approximately more than 245,000 natural gas stripper wells in the USA stripper gas well is defined as one that produces 60,000 cubic feet or less of natural gas per day.

The Department of Energy reports that marginal wells plugged and abandoned between 1993 and 2000 represents 150 million barrels of crude still in the ground, creating a huge opportunity for an experienceproduction company to exploit, in view of the current and projected market price of oil, and at the same time, aid in lessening U.S. dependence on foreign oil.

Black Dragon will continue to acquire viable blocks of wells, and raise average-daily output by putting plugged wells back in operation, and begin to employ enhanced recovery methods.

Black Dragon Resource Companies, Inc.
Corporate Headquarters
PO Box 458
Oil City, LA 71061
318-995-0404
318-995-0708 Fax
email: info@black-dragonoil.com