In the field of managing joint ventures for development, exploration and obtaining oil and gas reserves Gulf Coast Western is one of the best. The company obtains these reserves in the United States. The States of Louisiana, Mississippi, Texas, Colorado and Oklahoma are their main areas of operation for getting to and extracting these oil and gas reserves. Gulf Coast Western has access to thousands of acres in these regions. They help to manage these areas for development along with their joint venture partners. They plan to expand their drilling and extracting operations in these areas and they are expanding the business.
Gulf Coast Western is also taking into account other areas of the United States to explore for oil and gas reserves. They go over in great detail the geophysical and geological aspects of an area that they select to ensure that their joint venture partners will have success when they drill for oil and gas in a given area. The company was founded in Texas in 1970. They have been doing well over the years because they have been able to develop a sense of trust with their venture partners. They do this by striving to be honest and transparent with the businesses that they work with.
In 2016, Gulf Coast Western was able to acquire more oil in South Western Louisiana. They decided to partner with a Dallas based company called Northcote Energy Ltd. to expand the drilling operations in the area. Also in 2016 Gulf Coast Western planned to develop a large area in South Louisiana for oil and gas extraction. To accomplish this they partnered with a company called Orbit Gulf Coast Exploration, LLC. They are acquiring rights which will allow them to have access to hundreds of square miles in the area so they can drill for oil and gas there. They have now also acquired drilling rights in many other new areas. There are currently many different forms of tax advantages that companies can take advantage of by drilling for oil and gas in the United States. Gulf Coast Western is doing this.
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