Growth Strategy
Over the past century, trillions of cubic feet of gas in Texas alone have been flared by well operators who, instead of discovering or producing oil from the targeted formation, discovered and began to make natural gas - a commodity whose price at the time of drilling made it "non-economic" to produce. Often the operator would simply plug and abandon the well or flare such gas while producing oil from a different formation in the well bore. There are thousands of plugged and abandoned wells in Texas which, when drilled, had significant "shows" of natural gas, but which were ultimately abandoned because oil was not found.

Our reasoning behind the immediate commencement of an aggressive re-entry program is straightforward: prices for crude oil and natural gas are very high and are expected to endure as producers struggle to service demand, and the most cost-effective method for recovering oil and natural gas reserves is via the implementation of a disciplined and well-structured re-entry program. The re-entry of oil and gas wells currently behind pipe enables us to extract potentially significant fossil-fuel reserves while minimizing the high capital cost typically associated with drilling new wells.

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