Joint Ventures Company is a game changer in America’s Oil and Gas energy industry. Also known as Gulf Coast Western, LLC, the company employs its unmatched expertise and technological strategies. The company explores the United States gulf coast region in a big way. It specializes in areas that are not only well developed but also have the right geophysical and geographical combination.
According to the company’s President and Chief Executive Officer, Matthew Fleeger, Joint Ventures looks for the areas that have significant ROI, Return on Investment. Besides, Gulf Coast Western weighs on the risk factors that might hurt both the company and its business partners. Matthew admits that the success attained by the company over the years is not automatic. It depends on its integrity, honesty, respect, and trust towards its partners.
Gulf Coast Western has built a name for itself since it started operating 49 years ago. With its headquarters in Dallas, the company’s wings have spread to Colorado, Mississippi, Louisiana, and Texas. Gulf Coast Western made a grand entrance in Southwest Louisiana through collaborating with Orbit Gulf Coast Exploration Company. On the other hand, the latter had already acquired Orbit Energy Partners form Lafayette, Louisiana.
The collaboration was a boost to Gulf Western because it acquired the rights to explore 3D seismic data and a massive chunk of productive land. The deal saw the company have access to 140 drilling locations and 13 working wells in Southern Louisiana. Cumulatively, Gulf Western added about 30 million barrels of oil to its portfolio.
The collaboration with the two companies opened doors to the access of more than 1000 square miles of reserves. The areas covered include Beauregard, Evangeline, Acadia, Cameron, St. Landry Parishes, Allen, and Calcasieu. Gulf Coast Western has laid down procedures of engaging more with other partners in the industry for successful expansion strategies.