William Shakespeare famously penned the expression “What’s in a name?” in his crown jewel Romeo and Juliet. Now NASDAQ investors are posing the same question when investing in Dome Energy.
Dome Energy derives its names from subterranean formations known as salt domes. Ask any oil and gas expert, especially those in and around Dome Energy’s Houston, Texas headquarters and they’ll tell you how meaningful these underground structures are to the industry.
Salt Domes of the Gulf Coast
Salt domes are common geologic formations along the Gulf Coast and form due underground salt’s buoyancy when mixed amongst other types of sediment. These salts flow upward to form salt domes, sheets, pillars and other structures.
Due to the salt’s movement and exposure to other evaporate minerals, salt domes form a large number of traps or pockets in which an abundance of hydrocarbons like oil and gas can be accessed.
There’s Oil In Those Salt Domes
Interestingly enough, salt domes still remain as major sources of oil reserves yet to be discovered and produced, even if they have been previously tapped into. With advanced seismographic and mapping technologies, geologist and drillers can accurately anticipate that virtually every salt dome will eventually produce surplus hydrocarbons.
Salt domes, particularly in the coastal plains, now require a more rigorous approach to hydrocarbon access, having to dig as deep as 30,000 feet or more to the mother salt bed. Deeper penetrations into these salt formations can potentially unveil previously unknown barrels of oil in the millions and cubic feet of natural gas in the trillions.
Having extensive experience with Texas salt domes in the Concord Dome Oilfield and the Orange Dome Field, Dome Energy knows that salt domes are worth the dedication of time and resources and is prepared to take on the challenges and the huge benefits these ventures provide.