67 WALL STREET, New York - February 6, 2014 - The Wall Street Transcript has just published its Oil & Gas: Exploration & Production Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Oil Price Expectations - Shale, Offshore and Deepwater Drilling - Unconventional Resources - Domestic Crude Prices - Capital Expenditures and Consolidation Activity - Frontier Exploration and Development - Offshore Deepwater Oil Discoveries - Offshore Capex Growth
Companies include: American Sands Energy Corp. (AMSE) and many more.
In the following excerpt from the Oil & Gas: Exploration & Production Report, William C. Gibbs, Chairman and CEO of American Sands Energy Corp. (AMSE) discusses company strategy and the outlook for this vital sector:
TWST: These days transportation seems to be a key issue for the oil industry. How is American Sands positioned?
Mr. Gibbs: For American Sands, we are within seven miles of a railhead, and so transportation by rail is a very easy option for us. At 5,000 barrels a day it's about 18 trucks, and so we anticipate initially transporting the oil by truck to the refineries in Salt Lake, which are about 130 miles away.
TWST: Will the company be affected by the outcome of the XL Keystone decision?
Mr. Gibbs: Not at all. Keystone is going to be taking heavy bitumen from Canada down to the Texas oil refineries. And for us, we're going to be using Utah and California refineries. So actually if the Keystone is approved, the result will be that the bitumen that's been hauled by train to California will be redirected and be headed to Houston. And so we anticipate that actually for us it will have little effect, because there is a 185,000 barrels a day of capacity in Utah for oil, and we've had discussions with some refineries initially and they like our product.
TWST: Do any of your competitors have a process similar to your proprietary extraction process?
Mr. Gibbs: Right now the only competitor that's close to us is US Oil Sands. They have a proprietary process which actually uses water in their system, and that's actually been one of the objections that some of the environmental groups have had. But we don't use water in our systems, so we don't anticipate that there will be any of those objections to us.
TWST: Overall, what's the competitive landscape like for the company? Aside from the proprietary extraction process, what is its competitive edge?
Mr. Gibbs: I think if you look at our company we have two compelling advantages. We have 150 million barrels of oil sands...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.