Gulf Coast Western Continues as a Major Player in Oil & Gas Production
It seems that Gulf Coast Western LLC (GCW) likes to get everything done through partnerships. That is just part of the operating philosophy of the company according to GCW CEO Matthew Fleeger. By combining resources with other oil and gas producers, the company can expand its presence in the United States and better hone in on exploitable oil and gas reserves.
GCW is a Dallas-based company that was founded by Matthew Fleeger’s family in 1970. Before he could run it, Matt Fleeger needed to graduate from business school at Southern Methodist University and learn the ropes of the oil and gas industry. Besides working in the oil and gas industry, Matthew Fleeger founded his own medical waste disposal company and sold it to Stericycle. In 2007 he was finally ready to assume the CEO title at his family’s business.
Besides Texas, Gulf Coast Western now has properties in various states that include Oklahoma, Colorado, Lousiana, and Mississippi. The company is especially active in south-western Louisiana and along the Gulf Coast. It is in the business of oil and gas exploration and of acquiring exploitable properties, but it likes to do this with the help of various partners. For instance, in south-western Louisiana GCW has partnered with Orbit Gulf Coast Exploration and Orbit Energy Partners to find approximately 1,000 square miles of prospective drilling sites in the Louisiana Parishes of Cameron, St Landry, Beauregard, Evangeline, Calcasieu, Allen, and Acadia.
While Gulf Coast Western will be sharing 50 percent of the profit from any exploitable resources recovered from these areas, the company also runs producing wells for certain companies by agreement. It performs such a service for Warhorse Oil & Gas, Zachary Exploration and others. Eight hundred barrels a day is produced out of wells run for other companies and GCW gets a cut.
By agreement, GCW has obtained 3D seismic data from other companies covering about 42 square miles in the Parishes of Evangeline and St Landry. This will help GCW find reserves on its own that it can exploit 100 percent.