USA Shale Drilling Project Obtains $139.4M Investment Proposal from Capital Corp Merchant Banking
The shale development project will take place in lower-risk natural gas wells located in the Marcellus and Utica shale formations, which are some of the most prospective areas for natural gas production in the United States.
ORLANDO, Fla., Jan. 25, 2021 /PRNewswire-PRWeb/ -- The $139.4 million project will be developed by an oil & gas operator who has a full suite of in-house capabilities. The development of the targeted wells will include well drilling and the operator's proprietary ability to process natural gas on-site and create refined components, including methane, ethane, propane, liquid natural gas, and other products for a value uplift.
Shale is a substitute for conventional crude oil and is increasingly used, owing to its low cost of extraction. Additionally, oil shale serves in the production of specialty carbon fibers, carbon black, adsorbent carbons, resins, phenols, tanning agents, road bitumen, and soil-additives. The growing use of oil shale across various industries has been driving the oil shale market.
Though shale may have had a rougher year in 2020 due to the Covid19 pandemic, oil prices appear ready to push higher in 2021 as demand recovers, according to Forbes.
The funding structure of the project was engineered by Mr Gilles Herard. Mr Herard is a seasoned merchant banker and has been in the banking industry for over 40 years. As Managing Director of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp. Mr Herard has received numerous awards for his work and other contributions including being appointed to the Presidential Business Commission, Honorary Co-Chairman of the Business Advisory Council, awarded Executive of the Year by the internationally acclaimed National Register's Who's Who, and having lately received the Gamechanger of the Year award by Acquisition Finance magazine, among many others.
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction, including general project funding, equity funding, debt restructuring, and real estate development. For further information, please visit our website.
Media Contact
Business Development Department, Capital Corp Merchant Banking, +1 3214246074, [email protected]
SOURCE Capital Corp Merchant Banking
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