A study recently released by one of the leading accounting firms in the world revealed that investments in the U.S. oil and gas sector have reached their highest level in almost a decade, which bodes well for surging Florida energy company, First Titan Corp., as it continues to expand its domestic oil and gas portfolio.

Ernst & Young, one of the world's largest and most respected accounting firms, found that last year the 50 largest U.S. oil and gas companies spent almost $186 billion on domestic exploration and developing new production. That finding represents a 20 percent increase from the previous year and is the most in the 10 years Ernst & Young has done the analysis.

FTTN has long focused on Texas and its vast resources of oil and gas in its aggressive acquisitions strategy and possesses assets in Terrell County. FTTN is also targeting acquisitions in Waller and Hardin Counties in Texas as it continues to expand its operational footprint and diversifies its oil and gas holdings. The U.S. Energy Information Administration reports that U.S. oil production reached 6.5 million barrels a day in 2012, with oil production increasing 35 percent in Texas.

Tags: First Titan Corp.