Genesis E&P, Inc. focuses on opportunities for development in existing fields where drilling success ratios are much higher than those resulting from the alternative of drilling in an unproven area. There are three types of wells that offer a supreme advantage:
In-field developmental wells
Wells drilled to the same productive reservoir as other proven wells within the established boundaries of the field.
Offset wells
also known as step out wells, usually not more than one drill site or location away from existing production, drilled into reservoirs believed to be an extension of the productive reservoir around the prospect. In-field prospects- these locations are proved up by examining the well logs of the surrounding wells and interpreting any available seismic. In some cases it is possible to determine that there are other prospective target zones yet unexplored, but proven to be productive in our target area.
Developmental drilling
as become the industry’s answer to cost cutting as well as production enhancement while maximizing capital investment for smaller independent oil & gas companies during the current state of the nation’s struggling economy. The Genesis Exploration & Production Inc. staff utilizes years of field experience creating a significant advantage for investors. Its knowledge of understanding the great variety of situations and conditions enables Genesis E&P, Inc. to drill, complete and equip wells at a cost factor far below many of its competitors. Genesis E&P, Inc. drills wells on a turnkey basis, thereby insuring its investors of no cost overruns. The Company also utilizes participation agreements that limit the investor’s financial commitment to the amount of the fixed, turnkey cost during the drilling and completion phases of each well. To guarantee that the focus is always on enhancing the investor return, Genesis E&P, Inc. participates as an investor in each of its projects that is offered—therein lies the distinctive difference that sets Genesis E&P, Inc. apart from most independent oil and gas companies today. By its participation as a working interest partner, Genesis E&P, Inc. bears its proportional share of the operating costs allocated to the well.
The Final Advantage
Genesis E&P, Inc. maintains an excellent relationship with many of the service companies that provide drilling, completion and well service along with seismic and supply companies. They have developed these relationships over the past thirty years. This allows Genesis E&P, Inc. to outsource its utilization of drilling rigs and service companies without substantial waiting periods while its competitors have to wait for availability. As a result Genesis E&P, Inc. is able to provide its partners with the same benefits within the industry while other companies request a larger investment for the same depth of well.
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2201 Long Priarie Rd suite 107-355, Flower Mound, TX 75022
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