GulfWest Oil Company, 1993
GulfWest Oil Company (“GulfWest” or the “Company”) is an independent oil and gas company focused primarily on the acquisition of Producing Properties with Proved Reserves which contain the potential for increased value through continued development and enhanced recovery technology. The Company also receives revenue from the acquisition and development of oil and gas Prospects which can be developed through Horizontal Drilling technology utilizing advanced seismic data and from its contract drilling business which is conducted through its subsidiary, GulfWest Drilling Company. The Company operates in Texas and Louisiana, although the Company may expand to other geographic areas in which it believes drilling and acquisition opportunities exist.
Producing properties acquired by the Company often can be enhanced by reworking of existing wells, secondary recovery techniques and developmental drilling on acreage offsetting producing wells. The Company intends to utilize the Proceeds of Production from the acquired properties to enhance production from these properties and to purchase additional Producing Properties.
Accomplishments
- Underwriting