US CRUDE OIL COMPANY - Key Persons

Dave Laramie

Job Titles:
  • Land & Land Administration

James Jones

Job Titles:
  • Director of U.S. Crude Oil Company, LLC
  • Founder of U.S. Crude Oil Company LLC
  • Manager / Director Day to Day Operations - Prospect Development
James Jones, the founder of U.S. Crude Oil Company LLC, put together several successful lease acquisition programs in 2004 and 2006. The developing opportunity that USC sees occurring now and over the next couple years is a mirror image to what Jones saw in 2004 and 2006 which resulted in several successful lease acquisition programs The programs acquired significant acreage positions of approximately 1,100,000 acres of federal, state and fee acreage being leased. See download for the article written by Jones in 1989 that discusses the developing opportunity for oil and gas investment during that time period and the framework of the investment opportunity that occurred then and continued into 2006. This mirror image of events that created the opportunity then is now replaying that opportunity and is once again knocking at the door. The first step in embracing this opportunity now is getting land positions in plays to develop during a time where prices, regulations, and costs are all creating a much improved environment to do oil and gas exploration which is the mirror image of past oil and gas cycles. Notice the same chart patterns for oil prices from June 2004 - January 2007 and January 2009-June 2010 and compare with the pattern from January 2010-June 2017 (See Oil Price Chart download). It is the business plan of US Crude Oil Company, LLC to pursue conventional and unconventional prospects by acquiring lease positions in plays by using the proprietary LeaseBase program in conjunction with in-house databases that define legacy prospect areas where major and Independent oil and gas companies spent millions of dollars on evaluation work to define these prospective areas. Because of the collapsed oil & gas markets, the companies abandoned the areas without evaluating the efficacy of the identified prospect areas and moved their emphasis to overseas areas. Because of the success of the Niobrara play in the Denver Basin, US Crude Oil Company, LLC is proposing acquisition and development in an area that has both conventional and unconventional oil and gas prospects. One identified unconventional play has similar characteristics to the unconventional Niobrara play in the Wattenberg field of the Denver Basin. Jones and Berryman have written a report supported by a recent USGS report covering this exciting new oil and gas play in Utah and Arizona, and the unconventional segment of the play may be ultimately larger than the Niobrara play in the Denver Basin.