December 05, 2016 12:40 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Gulf Coast Western, LLC

Company Overview

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

Suite 500

Dallas, TX 75254

United States

Founded in 1970

Phone:

972-284-0600

Fax:

972-284-0610

Key Executives for Gulf Coast Western, LLC

Chief Executive Officer, President and Director
Age: 51
Compensation as of Fiscal Year 2016.

Gulf Coast Western, LLC Key Developments

Gulf Coast Western LLC Acquires 50% Working Interest in Northcote Energy Ltd

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

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."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 7, 2016
Oil Assets in Southwestern Louisiana
 

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