Texas Allied Petroleum – Defining Success

If you think Texas Allied Petroleum was incepted several decades ago, you will be surprised to find out that this company, whose strong presence in the oil industry cannot be ignored, has been in business for only 6 year or so. It was incepted in November 2005 as an independent company whose main services are exploration, development and production of natural gas and oil. This privately funded company has, within this short time, diversified their production portfolios in the Texas Gulf coast and the Mid-Continent regions. Currently, TAP has production wells in Kansas, Oklahoma, Louisiana and Wyoming.
TAP is primarily focused on drilling low to mid risk opportunities in the range of 1,000s to 10,000s. Earlier on, during its start-up the company was solely focused on natural gas exploration. However, this lasted for about three years, until 2008 when natural gas prices rose and led to a long and steady decline in demand. This led to the companies shift in focus even though there was – and still is – some economic shallow natural gas drilling and production opportunities.
Currently, Texas Allied Petroleum is focused on producing a 5050 mixture of gas and oil, which is expected to create a more consistent stream of revenue. It has been so successful in shallow natural gas exploration, to the extent of being able to acquire new assets as an avenue for the company’s growth.
To increase the company’s ROI, TPA focuses on fields with considerable work-over potential, in addition to acquiring assets with drillable PUD locations. Furthermore, these assets decrease the company’s lease acquisition costs and increase their drillable inventory; consequently, they give the company immediate cash flows. They used assets such as the 3D seismic technology to acquire new reserves, and although it is not 100% accurate, the device has seen the company achieving results in line with set standards.
Current plans for Texas Petroleum
Recently, Texas Allied Petroleum, Inc announced its campaign to put in four pumps in Wyoming just near Little Laramie and another one at Herrick. This is anticipated to finish by December if all goes as planned. In fact, the company is in the last step in structuring a huge surface for the discharging system in both of these fields. If they manage to complete the whole system, with the addition of the pumping system before the year ends, TPA will increase its gross production significantly. To say the least, this is one of those companies that understand the consumer demand market and is set to delivering quality services.

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Investing In Texas Allied Petroleum

 
Texas Allied Petroleum is a privately owned company run by a board of directors. It is involved in the investigation, growth and manufacture of fossil oil, natural gas and extracted products that meet its risk reward criteria. TAP has had a continuous streak of success in the energy producing industry since 2005. It has since expanded to other states namely Oklahoma, Louisiana and Kansas. It has a production of around 550,000 cubic feet of oil per day. This portfolio of oil and gas is the building block of this exceptional firm.

TAP plan to rework their Cooper Cove, Herrick and Little Laramie fields in Wyoming. These fields currently produce approximately 100 barrels of oil per day, but on completion of the Surface Discharge System, the output will increase and it will also reduce operating expenses. The entire system including the pumps will be in full production by the end of the year. It also uses the most modern and advanced oil and natural gas exploring and drilling technology to stay at par or ahead of their competitors. These methods include the 3D Seismic Mapping Device and the aforementioned Surface Discharge System.
Recently, the company acquired a 300 acre natural gas and fossil oil lease from the Henry Crooks Survey in Lavaca County, Texas, and it plans to run and produce at least 4 wells in the Yegua sand. Currently, it has production assets in the Rocky Mountains, South Texas Gulf and the Mid Continent Regions. In recent developments, TAP announced their success in the re completion of the Loeher number five well in Goliad County Texas, and current results indicate and achievement of a commercial well.

Advantage of Being Allied with Texas Allied Petroleum
Including Texas Allied Petroleum in your 401K has some tax advantages. In the first year of investment, one is liable to 100 percent deductibility of your initial risk capital (IDCs). Within 7 years, whether one wins or loses, one is liable to 100 percent deductibility of all your capital invested (TDCs). A portion of gas and oil returns are tax free but only for limited taxability of returns.
Despite its few years in the industry, TAP continuously builds its positive reputation as a firm whose presence cannot be ignored. These coupled with maintaining strict and controlled quality guidelines, do more than increase oil production but also seek new and fresh opportunities for gas and oil reserves, making the company a viable investment.

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