Oil, Gas and Consumable Fuels
Company Overview of Gulf Coast Western, LLC
Gulf Coast Western, LLC engages in the exploration, development, and acquisition of domestic oil and gas reserves primarily in the Gulf Coast region of the United States. It serves as the managing venturer of oil and gas general partnerships for the exploration, development, and acquisition of domestic oil and gas reserves primarily in Texas, Louisiana, Mississippi, Oklahoma, and Colorado. The company was founded in 1970 and is based in Dallas, Texas.
14160 Dallas Parkway
Dallas, TX 75254
Founded in 1970
Key Executives for Gulf Coast Western, LLC
Chief Executive Officer, President and Director
Compensation as of Fiscal Year 2016.
Gulf Coast Western, LLC Key Developments
Gulf Coast Western LLC Acquires 50% Working Interest in Northcote Energy Ltd
Apr 7 16
Gulf Coast Western LLC announced it acquired a 50% working interest in certain assets and partnered with Northcote Energy Ltd. to accelerate and expand Northcote’s drilling operations in the Shoats Creek Field located in Southwest Louisiana. Currently, the plans call for a multi-well drilling program in the Wilcox, Frio and Cockfield formations. Gulf Coast Western explores, develops and acquires domestic oil and gas reserves primarily in the Gulf Coast region with operations in six states. As part of the deal, Gulf Coast Western purchased a 50% working interest in the Lutcher Moore #20 well, along with certain salt water disposal (SWD) assets including an operating SWD well, and a 25% working interest in any wells drilled in the Wilcox formation. The Lutcher Moore #20 well was placed into production in February 2016 and is currently producing in excess of 100 BOPD. The deal also includes a 50% working interest in four wells to be drilled in the Frio and Cockfield formations in the next 12 months.
Gulf Coast Eyes Acquisitions
Aug 17 15
Gulf Coast Western, LLC is looking for acquisition opportunities. "We are very pleased to introduce our Energy Services business," Matthew H. Fleeger, Chief Executive Officer of Gulf Coast, said, "We are excited with the potential for growth in this sector of the oil and gas industry, we believe that the pullback from low commodity pricing has provided well capitalized companies like ours with the ability to take advantage of acquisition and pricing opportunities. Our flow back and water transfer divisions are experiencing incredible growth and our Cold Clean division is capitalizing on tremendous opportunities both outside of and within the industry. Since our first acquisition in 2014, we have experienced double digit quarterly growth in both head count and revenue. We expect continued strong organic growth and are currently negotiating several strategic acquisitions."
Gulf Coast Western, LLC Begins Horizontal Drilling Program in the Revitalized Buda Limestone Play
Sep 24 14
Gulf Coast Western, LLC announced it has completed the drilling of its initial horizontal well in the Buda Limestone formation in Wilson County, Texas. The GCW No. 1H well experienced substantial oil flow during drilling, at rates as high as 2860 BOPD, until the well reached total measured depth of 10,071 feet. Over an eight day drilling period, the well produced over 14,000 BO and was production tested on September 13, 2014 at a rate of 609 BOPD on a 16/64 choke. The GCW No. 1H well is the first of a multi-well drilling program planned for more than 3,500 acres the company has under lease in the revitalized Buda Limestone Formation, which is located just below the Eagle Ford Shale Formation and just south of the area considered to be the most prolific of the Eagle Ford productive trend. Gulf Coast Western began securing the Wilson County acreage late last year and continues to acquire acreage in areas they have identified as having the best production potential, with plans to develop the acreage over the next 12 months.
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