At Western Energy Group our mission is to identify, acquire, and operate oil and gas properties that have a high investment return upside, allowing us to grow our reserves and to provide significant returns for our company and it’s partners.With over 60 years of combined experience of the key team members, we are well positioned to identify, operate, enhance and prudently acquire properties that have current production and strong recompletion/workover opportunities. We are well staffed, qualified and equipped to maximize a field’s capabilities, providing higher investment returns for our company and partners.
Our Mission
At Western Energy Group our mission is to identify, acquire, and operate oil and gas properties that have a high investment return upside, allowing us to grow our reserves and to provide significant returns for our company and it’s partners.
Our Business Model
At Western Energy Group our business model is simple. We seek, identify, and acquire producing oil and gas properties that provide an opportunity to significantly enhance production. We prefer pay behind pipe, recompletion, and workover characteristics in the projects we target. We also look for proven-undeveloped (PUD) and proved-developed-non-producing (PDNP) reserves when evaluating a field or property. The first step for us is to search for properties in areas we have operational success in and are intimately familiar with. Western Energy Group targets properties in areas that have analogous properties and characteristics to areas we have operated in previously or currently. Once an available property is identified it is screened financially on the basis of production and projections. If it meets our strict criteria it is then passed along to our science team, which will perform their own due diligence on reserves, production, and Enhanced Oil Recovery (EOR) opportunities. Once a producing property is acquired the fun begins. Prior to acquisition, the team at Western Energy Group will have developed a concrete plan of action, prioritizing production enhancement within the field. This enables us to hit the ground running once we take over operations, maximizing hydrocarbon production and minimizing operational inefficiencies.
Company Name | Western Energy Group |
Business Category | Oil & Gas |
Address | 14950 Heathrow Forest Pkwy Houston Texas United States ZIP: 77032 |
President | NA |
Year Established | NA |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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