There is a family-owned business in Dallas, Texas that is improving the gas and oil industry. Known as Gulf Coast Western, LLC, the CEO and president of the company is Matthew Fleeger. The company has locations in Texas, Louisiana, Mississippi, Oklahoma, and Colorado.
By forming partnerships with other companies, Gulf Coast Western combines its experience with other companies who also have the know-how and can contribute other dynamics into the mix. The companies will share their talents and resources in order to minimize the risks and maximize the potential of different locations and endeavors.
One of Gulf Coast Western’s partners, Orbit Gulf Coast Exploration, acquired nearly all of the assets of Orbit in Lafayette, Louisiana. This gave Gulf Coast Western the rights to hundreds square miles and 13 producing wells, and an estimated 30 million barrels of reserve. There are more than 140 defined drilling locations in this acquired land.
Gulf Coast Western has acquired 50% interest in a company that specializes in salt water disposal. This is important in the oil industry when drilling in done in areas where sea water percolation may be a problem.
With Matthew Fleeger at the helm, the company partners with a number of companies in order to facilitate production and utilize the talents inherit in the other companies, combining the talent there with their own experience. This has made Matthew Fleeger one of the more successful CEO’s in the industry.
His definition of a partnership goes beyond what one would normally think of as a partnership. He has shown that combining effort and talent can show greater return than simply forming a partnership. In this manner, he has redefined what the oil and gas industry needs to look for: partnerships with the necessary experience and knowledge to successfully manage the resources available to them.