Murchison Oil & Gas, Inc. is a privately-held independent oil and gas company engaged in the acquisition, development and production of oil and gas resources in the United States.
The Company’s core areas of operations are the Permian Basin in New Mexico and Texas and the San Juan Basin in Colorado. The Permian Basin is the one of the largest and most prolific basins in the United States, characterized by extensive production history and long life reserves. The basin typically accounts for 40% to 50% of onshore oil rig count in the United States. We have been a successful Permian and San Juan basin operator for over 30 years and have established a strong geographic footprint in these regions.
We have a significant inventory of drilling locations and recompletion projects on our existing properties. Situated in multiple plays, this inventory provides access to numerous reservoir targets. A key element of our growth strategy is the leveraging of our knowledge of core areas to generate high quality prospects with superior rates of return. We actively seek acquisition opportunities that would expand our core areas or complement our operational and engineering expertise.
Murchison Oil & Gas is led by a seasoned team of oil and gas executives, who have decades of experience and a strong track record of value creation. The Company’s management philosophy revolves around day-to-day involvement in operations, a focus on prospect generation, a disciplined acquisitions strategy, and environmental care. The management team integrates first-class expertise in geology, engineering, land, operations, drilling, and completions with sophisticated financial and deal structuring capabilities.
Recent technological breakthroughs have been a game changer in hydrocarbon extraction. We constantly strive to combine our field expertise with the efficient use of cutting edge exploration, drilling and completion techniques to enhance the ultimate recoveries from our wells. The Company differentiates itself with outstanding initial production rates in its core areas through the application of emerging technologies such as horizontal drilling, directional drilling and multistage fracture stimulations.
The Company has traditionally pursued a conservative financial strategy in a capital intensive industry. We have a strong capital structure with additional capacity to raise funds in order to finance our investments.
Murchison Oil & Gas was founded in 1979 and is headquartered in Plano, Texas. The Company has local offices in Midland, Texas and Carlsbad, New Mexico.