DALLAS--(EON: Enhanced Online News)--Gulf Coast Western, LLC and its operating partner, Alpine Exploration Companies Inc., both based in Dallas, announced today they have completed and placed into production three wells in the Orange Dome Field, an oil field in Southeast Texas neighboring the famed Spindletop Field. Gulf Coast Western explores, develops and acquires domestic oil and gas reserves primarily in the Gulf Coast region of the United States.
“The opportunity to drill in such close proximity to Spindletop and further develop this field is very exciting for us.”
The wells in the Orange Dome Field are currently producing at or near expected levels and have been determined to have very good reserve potential. In addition to these initial wells, Gulf Coast Western expects to continue further development on acreage it has under lease in the area. Gulf Coast Western began its drilling program in the Orange Dome Field in 2012.
“We are pleased with the success we have achieved thus far with these initial wells, and very encouraged about the development opportunities we believe exist for us in the Orange Dome Field,” said Gulf Coast Western CEO Matthew H. Fleeger. “The opportunity to drill in such close proximity to Spindletop and further develop this field is very exciting for us.”
Fleeger added: “For years, many in the industry thought this was a depleted field, but we became convinced there was still excellent development potential after seeing the 3D seismic data. We were able to leverage the expertise of the developing geologists and geophysicists in conjunction with those at Alpine to have success here where others have not. We have high expectations for our operations in the Orange Dome Field.”
Gulf Coast Western maintains a strategy focused on acquiring interests in prospects and properties that have excellent geological and geophysical attributes in well-developed structures, which provide significant return potential with quantified downside risk for our participating partners.
About Gulf Coast Western
Gulf Coast Western, a Dallas-based company founded in 1970, is focused on the exploration, development, and acquisition of domestic oil and gas reserves in the Gulf Coast region, and has activities in Texas, Louisiana, Mississippi, Oklahoma, and Colorado. Gulf Coast Western serves as the Managing Venturer of Oil & Gas General Partnerships otherwise known as Joint Ventures. For more information, visit www.gulfcoastwestern.com.