StockGuru Blog: Lexington Energy Services, Inc. (OTCBB: LXES) 2007 Budgets Increase in the Oil Sands
2006 Incredible Record Number of Wells Drilled LXES — Lexington Energy Services, Inc. Stock Guru LXES Profile Alberta’s oil sands are not your grandfather’s oil fields. Spread out over an area the size of Florida, their tar-like bitumen is too thick to flow to a well like conventional oil and requires the input significant energy to coax it from amongst the sand before it can be upgraded or diluted for pipeline transport. Each year companies indicate their intentions regarding budgets and Nickle’s Canadian Oil Regsiter gathers and reports that information for Canada and the oil sands. Nickle’s noted, “Judging by…