Texas Allied Petroleum, Inc. is an oil and gas exploration company that is also involved in distribution of products extracted from fossils of natural gas and oil after processing. The company was established in the month of November 2005, and is privately owned and funded. It is composed of highly qualified and reputable executives.
Despite the young age of the company, it has made a good name for itself. With the headquarters of the company located in Austin, Texas, it has production wells all over the US, including Kansas, Oklahoma, Louisiana State waters and Wyoming. Texas Allied Petroleum mainly focuses on undertaking low-risk to mid-risk ventures in the range of 1,000’ to 10,000’.
In the years that Texas Allied Petroleum was taking shape, the main area of focus was exploring of natural gas but in the mid-2008 the prices of the commodity peaked and then took a dip. Due to the fluctuations, there was a need to shift the focus to the production of oil henceforth. But to achieve a revenue source, free of fluctuations, the company’s main objective had to change to attain a fifty-fifty mix of both natural oil and gas. This change has led to the company’s success especially in shallow exploration and actually led to the additional acquisition of assets at the same production level. It has firmly made an impression in the industry. It recently announced their Cooper Cove; Little Laramie and Herrick fields had been reworked and were producing around 100 barrels of oils in a day.
Texas Allied Petroleum now produces more than 500,000 cubic ft of natural gas and oil in a single day and recently, drilled and tested their WilsonTodd oiler, and also contributed to the drilling of a 2,200 ft well in Coffee County, Kansas. To increase profitability, a large scale surface discharge system, which could increase production and reduce operating cost, is being tested. It has grown rapidly with plans to even expand more. It recently undertook an oil and natural gas lease of 300 acres in the Henry Crooks Survey, in Lavaca County, Texas, where there are plans to produce around 4 wells in the sands of Yegua. Afterwards, it contributed to the completion of the 10,000 ft, Neuman #1 well in Liberty County, Texas. And when it comes to technology, the company began drilling new wells in South Texas using 3D seismic technology. In addition, the company can now purchase existing production.