Texas Allied Petroleum is an oil and gas exploration company, which is involved in distribution of products extracted from fossils of gas and oil after processing. The corporation was founded in November 2005 which is composed of highly qualified and reputable executives. Despite the young age of the company, it has made a respectable 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 waters and Wyoming. Texas Allied Petroleum mainly focuses on 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 natural gas but in the mid-2008, the prices of the commodity peaked and then took a long dip. A need arose to shift focus to the production of oil henceforth, due to the fluctuation. In order to achieve a revenue source, free of fluctuations, Texas Allied Petroleum’s main objective had to change to attain a fifty-fifty mix of both natural oil and gas. This change had led to the company’s success especially in shallow exploration and 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 up to 500,000 ft of oil and natural gas in a single day and recently, drilled and tested their WilsonTodd oiler and supplied to the boring of a 2,200 (ft) well. 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 expand. It recently got a lease to extract natural gas in Lavaca in Texas. The 300 acre pieces of land are where there are strategies to generate around four wells at the sands of Yegua.
Afterwards, it did a great deal while contributing to the success of the Neuman #1 project in Liberty County situated in Texas. In keeping up with technology, the company began drilling new wells in the south of Texas using 3D seismic technology. In addition, it can now purchase existing production.