The United States is not only the leading oil and natural gas consuming nation on the planet, but also one of the largest producers of both commodities. In fact, the United States' current oil production, far outstrips any other time in our history. Now is the best time to be in the oil and gas industry.
South Plains Petroleum aims to bring as many oil and natural gas projects online as possible, first from our Optioned wells in Louisiana and Texas, and then through further acquisition. While we are more of a development company, rather than an exploration company, we currently contract a team of geologists to re-survey abandoned wells. We are always looking for new places to expand.
With the funds made available through this equity crowdfunding campaign, we plan to turn-on additional wells from our Optioned inventory and create new revenue streams to sustain the company and allow it to grow, if needed, solely from its own revenues. Once our current wells are re-equipped, production is expected to more than double based upon recent test results and the majority of these funds along with cash flow will be used for redevelopment and expansion of our existing fields and wells.
As a private oil company, we cannot leverage our reserves, only our production. But as a public company with your investment, we think we'll be able to increase liquidity and put our reserves on the books, with the goal of significantly raising our net worth. With our knowledge and expertise, we believe that with each well we place back into production will increase the value of the Company. Our success will be your success.
Our size and nimbleness allows us to find these hidden gems and act on them quickly. With this advantage, we expect the Company to grow quickly and steadily. We believe that all it will take is this one crowdfunding campaign to springboard us into the future.