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Tuesday, July 26, 2011

Oil and Gas Stocks News; Domestic Oil Drilling Could Spike With New Government Initiatives

NEW YORK, NY - July 26, 2011 (Investorideas.com energy newswire) - As oil continues to trend higher, the Federal Government is looking to open up more land for drilling in the United States. In a May 2011 speech, President Obama stated, "I believe we should expand oil production in America, even as we increase safety and environmental standards."
US oil production has continued to increase over the past 3 years. In 2008, domestic oil production rose from 4.95 million bpd to 5.36 million bpd in 2009. Estimates are calling for 5.54 million bpd for 2012.
With Oklahoma re-emerging as a hot-bed for drilling with the use of new and improved recovery techniques, companies like Chesapeake Energy (NYSE: CHK), Devon Energy Corp. (NYSE: DVN), American Petro-Hunter (OTC.BB:AAPH) and Southwestern Energy (NYSE: SWN - News) will continue to add to the domestic oil totals.
American Petro-Hunter has estimated nearly $5 million from oil and gas sales if prices stay $90. Many analysts are calling for year-end prices to be near $120 a barrel.
For more information, please visit www.americanpetrohunterinc.com
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About American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: www.americanpetrohunter.com
Contact:
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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American Petro-hunter Inc. (AAPH.OB) showcase energy stock on Investorideas.com and energy portals and blogs (averages two thousand per month)