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United Energy

United Energy  (Visit website)

Hamburg , NY

Energy Producers- Developers

UEG produces oil and gas. To achieve that, the company has hired and contracted the necessary experts to evaluate leases, drill and work over wells and perform all related businesses. UEG sells the product to intermediate traders, a very usual way of handling the sales. In the case of oil these traders pick up the oil from storage tanks close to the wells regularly and pay the company once a month according to average market prices. Since the amounts are subject to taxation, the calculation of those volumes is done on a very reliable way. In the case of gas the company needs to access pipeline systems. In all cases of our gas bearing leases such pipeline systems are close to the leases. It is important to mention that this business model does not require any sales and marketing activities, which reduces the complication of a business significantly.

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