Gulf Coast Western
Gulf Coast Western, also known as Joint Ventures, is a family-owned business that started in 1970. Matt Fleeger is the president and CEO, and he states that the primary focus of Gulf Coast Western is to develop and acquire domestic oil and gas reserves located primarily in the Gulf Coast area of the United States. The business is based out of Dallas, and the company has locations in Texas, Louisiana, Mississippi, Oklahoma, and Colorado.
When Matt Fleeger took over the family business in 2007, he did an asset acquisition of another company and expanded the client base and funding capabilities of his family business. He states that the success of his company derives from open and transparent relationships that have been maintained with accredited partners over the years. These relationships have been built on mutual trust and respect simply by operating with honesty and integrity.
His company has obtained property rights, access to hundreds of square miles, and 3D seismic data in southwestern Louisiana. With this coverage, the company has 13 producing wells and 140 defined drilling locations. With the help of his affiliates, the company has about 30 million barrels of oil equivalent of total reserve potential. The company has been able to expand further with the help of its associates, and now operates many of the development wells and operators in the producing wells in Louisiana. With this expansion, the company will oversee the production of approximately 800 oil barrels per day. There are plans in the works to increase production potential with the installation of PUD-designated offset wells, and the company plans to open two workover wells.
Gulf Coast Western has acquired a 50 percent working interest and assets with various companies, and this has enabled for further company expansion. This expansion has allowed the company to consider expanding outside of the Gulf Coast region of the United States. The company has more than 1,000 accredited collaborations worldwide because of its partnerships and has conducted business with many of them.