First Titan Corp. is working hard to expand its portfolio of Texas oil and gas assets as the state's oil boom shows no signs of slowing down. Texas' oil production rose more than 30 percent over the past year to 1.4 million barrels a day in January, according to recent statistics from the Texas Railroad Commission.

Increasing global demand for oil, as well as innovations in drilling technology, have turned the state's once-sluggish oil industry into a booming success. Last year, oil production in Texas topped 546 million barrels, an increase of almost 60 percent since 2007.

FTTN is determined to capitalize on the Texas oil industry's big growth. The company is currently in negotiations to acquire a working interest in approximately 1,000 acres in Hardin County that include producing assets with development upside. FTTN believes that the property could potentially make a profitable addition to its Texas portfolio, which currently includes assets in Terrell County.

Tags: First Titan Corp.