The oil and gas industry has always been driven by cutting edge technology. Dating back to the 1800s, companies in the US were using what was then the most modern technology to extract oil and gas reserves from wells found beneath the Earth.
As the United States grew and demand for more production, more manufacturing and more energy grew, the need for oil and gas increased.
Today, oil and gas continues to be a driver for the economy throughout the world. The US continues to be a leader in oil and gas production and recent advancements in technology have once again put the US on pace to become a leading producer of oil and gas.
Ricchezza Energy Ltd engages in the acquisition and asset management of royalty and override royalty interests, and/or non-operating working interests in producing oil and gas properties in the United States. It is our mission to focus on oil and gas revenues providing an exceptional return on capital investment by building a diversified portfolio of low-risk, high-reward properties.
Ricchezzane Engery, goes into known oil producing leases, we look for large acres tracks, where there is some older production, re-work the old wells if possible, and then drill new wells within the proven oil producing lease.
Ricchezza Energy Ltd revenues are derived from the production and sale of oil and natural gas. The Company's holdings, including its mineral acreage and its interests in producing wells, both working interests and royalty interests, are centered in Louisiana and Texas. Ricchezza Energy Ltd intends to operate the majority of its oil and gas properties. Exploration on, and development of the Company's oil and gas properties are conducted in association with operating oil and gas companies, primarily large independent companies. Ricchezza Energy Ltd is in the process of acquiring mineral rights in Louisiana and Texas region. Ricchezza Energy Ltd, with our drilling program, should see a significant increase in our cash flow by the end of 2016.
Ricchezza Energy Ltd is registered in the British Virgin Islands.