A new oil and gas company has opened in Canfield, and it plans to be one of the first environmentally-friendly oil and gas companies in the area.
The ribbon was cut Monday for start-up company U.S. Petroleum Exploration Inc. at its headquarters at 4137 Boardman-Canfield Road.
Project manager John Navarro said the company will be exploring the Utica shale play, and possibly the Marcellus shale play, within Ohio, Pennsylvania and West Virginia.
During an open house Monday, guests toured the inside of the main office, where the company will do most of its functioning. However, Ohio will not be its only location.
“We will have folks we’re working with in Canada, India, possibly China and Korea as well,” Navarro said.
U.S. Petroleum’s interim CEO believes the company will be a success in the Mahoning Valley.
“We did all the research and we talked to a lot of entities, a lot of professionals and we found out this is the right place to work,” said interim CEO Shankar T.
One way the company plans to succeed is by catering to the desires of the community and finding environmentally-friendly ways to do fracking, such as waterless fracking, which would eliminate the need to dispose of brine water.
“I know fracking has a big negative vibe around the area and most of it has to do with the disposal that’s used during the process. What if we can do that without any water and do it in a better way, in a faster way, in an easier way?,” Navarro said.
The company also is working with the Ohio Department of Natural Resources.
“We’re looking at not just waterless fracking, but other ways to not disturb the footprints that’s left behind and disturb the natural resources and the wildlife,” Navarro said.
The company currently has nearly 25 employees and is looking to train and hire veterans and other workers across the state.