Blugrass Energy Inc. is a dynamic oil and gas company focused on exploration and production of oil and gas properties in North America. Blugrass currently has interests in producing oil and gas assets and has longer term exploration assets in the United States of America which will increase shareholder value and a contribute to American energy independence.

Blugrass's business strategy is to acquire and exploit strategically located assets in the Permian Basin. This Basin remains the largest onshore U.S. oil-producing region with about 825,000 barrels of oil per day (a quarter of the nation’s domestically produced oil), and it contains as much as 30 billion barrels of remaining mobile oil.. Annually, over 350 million barrels of oil are produced and 1,500 billion cubic feet of natural gas per year making it one of the most prolific oil and gas regions in the United States of America. Major players in the Basin include Occidental Petroleum (NYSE: OXY), Pioneer Southwest Partners (NYSE: PSE), Apache Corporation (NYSE: APA) and Marathon Oil Corp (NYSE: MRO) just to name a few.

Geographical Regions The Permian Basin is one of the largest structural basins in North America. It encompasses a surface area in excess of 86,000 sq mi and includes all or parts of 52 counties located in West Texas and southeast New Mexico. Structurally, the Permian Basin is bounded on the south by the Marathon-Ouachita Fold Belt, on the west by the Diablo Platform and Pedernal Uplift, on the north by the Matador Arch, and on the east by the Eastern Shelf of the Permian (Midland) Basin and west flank of the Bend Arch. The basin is about 260 mi by 300 mi in area and is separated into eastern and western halves by a north-south trending Central Basin Platform. Read more…