Archive for May, 2011

The Drilling Programs of Texas Allied Petroleum

May 3rd, 2011

Texas Allied Petroleum is an independent producer of crude oil and natural gas, and is actively involved in drilling in Texas, Oklahoma, Kansas, Louisiana, and Wyoming. TAP is a private company formed in November 2005 with headquarters in Austin, Texas. The company is constantly reworking existing wells and looking for opportunities for the drilling of new wells that meet their standards. They are focus on fields with significant turnover potential to increase their ROI. They have several different drilling programs in the development phase and are exploring for crude oil from low to mid-risk opportunities from 1,000’ to 10,000’.

Texas Allied Petroleum offers working interest into new oil and gas well drilling ventures to qualified participants with full tax benefits. Newfield Exploration and ExxonMobil are the first two companies that they had chosen to acquire working interest with through forced pooling because both are considered leaders in their own industry. They are following their efforts in Oklahoma for years to come. TAP is handling the different processes which include indentifying a prospective area utilizing a combination of subsurface geology and 3D seismic technology, acquiring the mineral leases over the prospect, obtaining funding, operating and drilling, and completing the well. TAP has recently completed the drilling and testing of the well-known Wilson/Todd Well, a 2,200 ft. well situated in Coffee County, Kansas. The company is also planning to develop and test up to 4 wells in Yegua Sand, and has acquired additional interest in the Main Pass 35 project which is made up of 15 wells offshore from the Plaquemines Parish, Louisiana.