America has been on an upward trajectory since the discovery of oil. The development signified the emergence of a plethora of oil companies which kick started various oil exploration ventures to reap big from the black gold. Contemporary companies such as Gulf Coast Western have not been left behind in the pursuit, with the firm emerging as a reputed giant in the oil exploration sphere.
The company’s main aim has been exploration, acquisition, and development of domestic fuel reserves in the United States. One of the ways they have devised to succeed in their venture is by partnering with other firms and forming a formidable team. More specifically, Gulf Coast Western has been keen on acquiring oil wells in the Gulf region of the United States. The main focus is pegged in wells that have both geophysical and geological advantages together with the developed structures.
Company History and Partnerships
Gulf Coast Western was founded in 1970. Since its inception, the family business has grown tremendously, expanding its operation to other states such as Colorado, Oklahoma, Mississippi, Louisiana, and Texas. Through their partnerships, Gulf Coast Western has managed to experience an upward trajectory in terms of their growth, obtaining licenses in approximately 140 defined drilling locations. As such, their joint partnerships have given them access to a total reserve potential of roughly 30 million barrels.
Gulf Coast Western has managed to gain a relatively significant market share by partnering with other companies. Their footprint in Southeast Louisiana was possible due to their joint venture with Northcote Energy Ltd. Their partnership with Northcote Energy has enabled them to acquire 50% working interest and assets with the company, a significant breakthrough in their drilling expansion.
Functional and tailor-made customer services are key to the success of any business. Gold Coast Western attributed their success to a transparent and open relationship that they have maintained with both their customers and clients over the years.