Heartland Oil & Gas Corp

Heartland Oil and Gas Corp. (OTC BB: HTOG) is an oil and gas exploration and production company and a subsidiary of Universal Property Development and Acquisition Corporation (OTC BB: UPDA). On September 27, 2004 Heartland completed the acquisition of the Forest City Basin and Bourbon Arch assets from Evergreen Resources, Inc. for a purchase price of $22 million. The Forest City Basin assets consisted of all of Evergreen Resources, Inc.’s interest in all its oil and gas leases covering an aggregate of approximately 766,000 acres located in the State of Kansas, together with 60 well bores and all surface equipment, gathering and surface facilities and all geological, engineering, land and accounting data and records pertaining to these leases and assets.

Prior to its acquisition of the assets from Evergreen Resources, Heartland Energy had interests in leases covering approximately 252,000 acres in central Kansas (the “Soldier Creek project”). Heartland owns 100% of the working interest in all of these leases with a net revenue interest of approximately 85%.

After the acquisition of the Evergreen assets, Heartland Energy held in excess of 1 million acres of prospective CBM leases at various stages of development, 88 wells, including 43 CBM wells in eight pilots that were dewatering and/or venting gas, 37 CBM wells awaiting stimulation, and 8 saltwater disposal wells.

On April 20, 2007, UPDA acquired approximately 52% of the common stock of Heartland Energy and nearly $5,000,000 of its debt in a cash and stock transaction. Since that time, Heartland has undertaken an aggressive drilling program in its Cherokee Basin Coalbed Methane Field in Southeastern Kansas and acquired about 75 producing wells in Northern Texas. As a result of the conversion of that debt into Heartland preferred stock, UPDA now controls over 70% of the voting stock of Heartland.

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Colorado Energy News Launches “Energy Leadership Series

Published by: Heartland Energy Colorado

The leading news and information hub for Colorado’s energy industry is providing overdue recognition to the organizations out in front on energy innovation and development in the state.

Basalt, CO (PRWEB) September 9, 2008 — Colorado is ground zero for energy development in the 21st century, and now the companies and organizations that are helping propel it forward will be recognized in a new Energy Leadership Series sponsored by Colorado Energy News.

ColoradoEnergyNews.com delivers the most comprehensive coverage of the business, politics and technology of the state’s rapidly growing energy industry, including the latest developments in oil and gas, renewables and power generation. The website includes streaming video channels with energy-specific content, including Going Green, Pain at the Pump and Bloomberg Energy News.

“From traditional oil and gas developers on the Western Slope to new solar and wind power projects along the Front Range, Colorado-based companies are creating thousands of jobs and contributing to the state’s emerging position as a leader in both traditional and new energy markets,” says Executive Editor, David Hill.

Natural gas development has become a major energy driver in the Rocky Mountains and Colorado in particular. Piceance Basin in the western part of the state is one of the largest gas fields in the country, fits in perfectly with T. Boone Pickens’ ambitious plan to reduce America’s dependence on foreign oil. With the state’s boom in gas production has come public policy and environmental issues, which visitors to ColoradoEnergyNews.com can read about daily. The Colorado Oil and Gas Conservation Commission is addressing many of these issues by developing new rules for oil and gas operations in the state, scheduled to become law this fall.

Another important story reported in Colorado Energy News is the Ritter Administration’s drive to attract renewable energy investment, which is paying off with companies, such as Swedish wind turbine manufacturer Vestas, constructing new facilities along the Front Range and adding hundreds of jobs. “Colorado should be a model for the world and the U.S. of what can be done in a state when everyone teams up to push for clean energy,” says Roby Roberts, senior vice president of external relations for Vestas America.

State law requiring large utilities to generate 20 percent of their electricity from solar, wind or biomass sources by 2020 is another key factor propelling Colorado’s new energy economy. Xcel Energy, the state’s largest utility company supplying more than 70 percent of the electricity, appears on track to meet the target with several years to spare.

Adding to a highly favorable environment for energy development is Colorado’s rich academic tradition. The state is home to several prominent energy-related education and research institutions, including the National Renewable Energy Laboratory in Golden; the Colorado School of Mines; Colorado State University, which has a major alternative energy curriculum; and Colorado University in Boulder.

“With our Energy Leadership Series, Colorado Energy News is shining the spotlight on those organizations making a difference in our economy and quality of life,” explains Hill.

“As Colorado goes, so goes the nation. It is an exciting time to be involved with energy and we look forward to sharing with our readers the cutting edge companies that are helping Colorado lead the way in energy solutions.”

Origin and Natural Accumulation of Oil and Gas

Oil and gas deposits are basically hydrocarbons which get into buried rocks and minerals. To better understand and visualize these deposits, one must picture an ancient sea teeming with an immense variety of living organisms. The ancient body of water which these organisms resided would have covered most of the American West, including Texas, Oklahoma, Wyoming, Utah, and Colorado. Some of the creatures in this sea were large fish and other swimming beasts, but the majority of living things consisted of vast amounts of microscopic organisms. Scientists believe that it is these tiny plankton-like creatures that gave rise to today’s oil and gas.

These miniature life-forms died millions of years ago, and their remains settle to the bottom of the sea. Over time, these very small remains build up to enormous quantities of organic sediment. Built up in thick deposits on the seafloor, the organic material mixes up with sand and mud from the bottom. Eventually, the many layers of sediments built up until they became hundreds or even thousands of feet thick. The weight of the overlying layers created great pressure and heat in these bottom layers. The pressure and the heat changed the layers of sediment into rock. Meanwhile, heat, pressure, other natural forces turned the dead organic material within the layers into hydrocarbons. Hydrocarbons are the basis for gas and oil.

At the same period of time that dead organisms are being changed into hydrocarbons, geological forces are influencing the Earth’s crust. Cracks, otherwise known as faults, are created and crust movement created folds in the sediment layers previously discussed. Molten rock is thrust upwards, altering the formation of surrounding beds. Wind and water erode formations and disturbances in the earth moved large amounts of rock. All of these alterations in the layers of our curst are very important because they can trap and store hydrocarbon deposits under the right circumstances.

Over centuries, the weight of the overlying rocks continued to push downward, forcing hydrocarbons out of their source rocks. They seep through the cracks and fissures, oozing upwards until they become trapped by some kind of geological surface. When they are trapped and stored in a subsurface rock, they become our modern day oil and gas deposits. Today, the oil and gas industry is seeking out these petroleum deposits formed and stored millions of years ago.

In order to better seek out and find these oil deposits, geologists started to apply the earth sciences to narrow down the search. Since most petroleum deposits are buried deep underground, there are usually no surface hints as to their locations. Also, most of the world’s gas and oil probably lies under ocean floors. However, scientists have developed effective seismological methods to view the subsurface. Seismology uses sound waves which bounce off of buried rock layers. These sound waves paint a clear picture of the underlying rock surfaces and petroleum deposits. This scientific method ensures that companies will find oil before they spend the money to drill.

The history of our geology and all of the new science available at our disposal leads us to understand that there are very large oil and gas deposits right here in North America. With deposits in Wyoming, Utah, and Colorado being substantial, companies like Heartland Energy in Colorado are taking advantage of domestic oil deposits. Especially in Colorado, there are large shale oil reserves which scientists are researching in order to effectively extract the oil. Heartland Energy is among the leading developers of oil and gas in Colorado trying to capitalize on these deposits left by the ancient sea that once covered the Colorado plateau. Heartland Energy is developing new strategies and is on the cutting edge of Colorado Energy.

(source: A Primer of Oilwell Drilling, 6^th ed. By Ron Baker)

Trintek Energy Consulting -- “Helping You Make the Right Choices”

Trintek Energy Consulting makes sure that you get the right information, at the right time, so that you can make the right choices. Trintek Energy Consulting will show you how to accelerate project development, reduce costs, improve project performance, increase value, lower risks, and achieve your organizational objectives.

Your energy project is given the special attention it requires. Trintek Energy Consulting is committed to understanding and meeting your needs with a standard of excellence, integrity, and trust. Client satisfaction is paramount. Trintek Energy Consulting is respected for its detailed and thoughtful due diligence, project development insight, and successful contract negotiations.

Trintek Energy Consulting has extensive experience in wind energy and fossil fuel fired energy project development, and offers similar services for utility scale solar projects. Prior to founding Trintek Energy Consulting, Inc., our principal consultant had accumulated over 26 years of energy industry experience as an employee with energy companies such as BP-Amoco Corporation, and The AES Corporation. We have the expertise to advise you on the project development process, and we offer a full suite of project development services for wind energy, utility scale solar, and natural gas fired electric power projects. This includes: land acquisition and leasing, evaluation and negotiation of power purchase agreements, transmission and pipeline interconnection agreements, project financing, wind turbine and gas turbine purchase agreements, long term parts and services agreements, due diligence on project sites and contracts, and other specialized services. We encourage you to fully review this site for additional background and details about Trintek Energy Consulting.

By selecting Trintek Energy Consulting as your energy consulting resource, you can expect that we will focus on your needs, goals and deadlines, and perform the project development process and the due diligence required to successfully finance, construct, and operate your project. Your success is our success. When you choose Trintek Energy Consulting, we believe in helping you to create a competitive advantage through intelligent project development during the energy consultation process.

Heartland Energy Development Corporation Oil Drilling Equipment And Methodology - Presentation Transcript

(Source: Heartland Energy Development Heartland Energy Development Corporation

1. Oil Drilling Equipment and Methodology The drilling rig, tall and noisy, has become an iconic American image of industry. The main task that the drilling rig needs to perform is to efficiently drill a hole into the earth surface in order to reach gas and oil pockets. Small in diameter, the hole that these drilling rigs bore can run as deep as several thousands of feet. The reason the hole needs to penetrate the ground for such a long distance is so that it can ultimately reach the trapped pockets of oil and gas that are buried deep below the earth’s surface. The most noticeable feature of the drilling rig is what we refer to as the “mast” or “derrick”. This is easily recognizable as the tall structure right above the hole being drilled. Some masts can reach heights as tall as 60 meters or 200 feet. In order to drill a hole this far down the drill itself must be very durable and strong. For this reason the drill is very heavy and requires that the mast be of sufficient strength in order to support the weight of the different tools used in the drilling process. In order to drill several thousand feet below the Earth’s surface rig engineers need to incrementally add to the length of the drill. It is necessary for the mast to be as tall as it is in order to accommodate the extremely large segments of pipe that rig engineers need to join together to increase the length of the drill. The individual pieces of drill pipe are known as joints. At the end of all ©2009 Heartland Energy Development Corporation
2. 
   The joined pipe segments of the drill is the bit. The bit is the drilling element that is actually responsible for carving away the earth and essentially boring the hole. The amount of weight that is applied to the drill bit during operation, is regulated by a hoist known as the drawworks There are two main types of drilling methods that exist. One is known as cable-tool and the other is rotary. The cable-tool method goes back several centuries, and yet was still used as a modern drilling technique as recently as the 1940’s. This method is well suited for drilling through hard-rock. Drake and Smith used this method of drilling at Oil Creek as did many others during the same period. Although a very effective general drilling method it does not work well in sandy or muddy conditions. Another problem is that and crews are responsible for removing the soil and rock the bit carves out. The cable-tool method works by attaching a large heavy bit to a cable, and then raising the bit slightly before letting it fall to the ground. The cable and bit are attached to a seesaw type of mechanism that allows the bit to be raised and dropped repeatedly in a very short amount of time. Specific to a cable- tool rig is the seesaw mechanism that is responsible for raising and lowering the bit. It is referred to as the walking beam and it is mounted in the mast. By the peak of this style of drilling in the 1920’s, many cable-tool rigs had started to power their walking beams with a steam ©2009 Heartland Energy Development Corporation.
3. powered engine. The tall mast was used to lift the bit out of the hole so that it could be worked on directly. When dropping the bit into the ground several weights atop the bit, named sinker bars, would help the bit to penetrate the rock. The bit for a cable-tool rig is more similar to a blade than the bit for a rotary rig. A rotary drill bit has several adjacent rows of extremely sharp edges that work to grind out the rock with every revolution of the drill. In a rotary drill rig configuration, the drill consists of several joints of metal pipe that create one long conduit. In order to reach the foundation the rig workers occasionally need to add another pipe joint to extend the length of the drill. Rotation for the drill is created by either a rotary table, or by a top drive mechanism. You can think of a rotary table as a heavy, oversized turntable. Top drives use electronic motors to power the drill. Regardless of which rotation method is employed, the system would not work without the addition of fluid circulation. While the drill is working away boring a hole, a second system, ©2009 Heartland Energy Development Corporation
   powered by a large industrial pump, is circulating a muddy fluid through the main pipe that will carry out of the hole, and remove, any of the rock debris that is created during drilling. Another benefit of the drilling mud is that it also cools down and oils the bit. The final benefit to the drilling mud is the greatest benefit of all. The mud forms a wall cake in the hole that prevents sandy or muddy foundations from seeping into, and ruining, the hole while it is being drilled.

- Heartland Energy Development Corporation is a privately held oil and gas producer with an experienced team of management and industry expertise who specialize in developing domestic gas and oil fields. Learn more: http://www.heartlandenergydevelopment.com http://heartlandenergydevelopmentcorporation.com http://www.reuters.com/article/pressRelease/idUS240305+12-Feb- 2009+MW20090212 http://heartlandenergydevelopmentcorporation.biz/ This is not an offer nor solicitation to buy - such may be done pursuant to a Heartland Energy Development Corporation Confidential Information Memorandum. ©2009 Heartland Energy Development Corporation