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Mudsmith`s Pitless Pad Drilling System is completely self-contained, requiring no additional rentals, and no air, electrical power, or labor borrowed from the drilling rig. Mudsmith even provides the vacuum trucks for hauling in all drilling fluids, and hauling away all drilling wastes, significantly reducing number of vendors required to drill a well.
Tetco Incorporated is a San Antonio, TX-based company in the Energy and Utilities sector.
Venoco, Inc. is an independent energy company primarily focused on the acquisition, exploration and development of oil and natural gas properties. Our principal producing assets are heavily oil-weighted and are located both onshore and offshore in Southern California. These properties are characterized by long reserve lives, predictable production profiles and substantial opportunities for further exploitation and development. For more than 20 years, Venoco has operated in California where there is a rich history of oil and natural gas production from some of the largest oil fields in the country. We have built a reputation as a good corporate citizen with a solid record of meeting California`s high environmental and safety standards. Beyond California, we hold a 22.5% reversionary interest in the Hastings Field onshore along the Gulf Coast of Texas. In addition to enhancing our existing producing properties, Venoco continues to pursue other exploration and development projects, and acquisition opportunities throughout the United States and internationally.
Energy XXI is an independent oil and natural gas development and production company which has historically focused on development drilling on our core properties to enhance production and ultimate recovery of reserves, supplemented by strategic acquisitions from time to time. Our acquisition strategy has historically been to target mature, oil producing properties on the Gulf of Mexico Shelf and the U.S. Gulf Coast that have not been thoroughly exploited by prior operators. The Company`s properties are located on the U.S. Gulf Coast or on the Gulf of Mexico Shelf and we currently operate 91% of our proved reserves. Our geographic concentration on the Gulf of Mexico Shelf enables us to manage our operated fields efficiently and our high number of wellbore locations provides diversification of our production and reserves. By having operations in a geographically concentrated area, we can optimize and more efficiently service our operations. At March 31, 2017 our total proved reserves were 109.4 MMBOE of which 80% were crude oil and 71% were classified as proved developed reserves. We operated or had an interest in 616 gross producing wells on 439,294 net developed acres, including interests in 57 producing fields. We believe operating our assets is a key to our success and approximately 91% of our proved reserves are on properties operated by us.
Univation Technologies is a Houston, TX-based company in the Energy and Utilities sector.