New
Century
Exploration,
Inc.
New
Century
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Experience + Technology + Passion = Success
New Century is a Houston-based energy exploration company with operations from prospect through pipeline. Our team is great at finding, drilling, and producing oil and natural gas in Texas and Louisiana. We have been successful at lowering the risks and costs associated with drilling for oil and natural gas while maintaining consistent reserve growth.
New Century is going to be at NAPE (North American Prospect Expo) this February 11-12th. If you are there please take the time to drop by Booth 3428 (Phil Martin cell 713-857-0119) on the ground floor. We would like to tell you about some of the great prospects we are pursuing in 2010 - and hear about any you think might be of interest to us. Phil Martin will present "An Industry Perspective on the Haynesville Shale Play" at the annual US Gulf Region Mudstones Conference in Houston on February 9, 2010. The biggest players in the industry will be there and it is entirely sold out with over 400 people registered .
2009 was the year of the Ox and we stayed a steady course with success on many fronts. In 2010 the Tiger struts in and we intend to fiercely pursue our goals. We will make every effort to extend our successful record with the exciting portfolio we have for the new year. First out of the chute will be three Gulf Coast Prospects (2 in Texas and 1 in Louisiana). Then we will be drilling a horizontal Austin Chalk well in Brazos County, a horizontal Pettet Prospect in Harrison County, and a conventional Pettit Prospect in Franklin County. Check out some highlights of the two Texas Gulf Coast Prospects.
PRACTICE WHAT YOU PREACH.... Our core beliefs and practices include good stewardship of the earth and a sincere commitment to preserve the natural environment. We take great care to leave the land in as good or better condition after our activities as before. A favorite Native American proverb says it best: "We don't inherit the earth from our ancestors, we borrow it from our children."
In 2009 we supported the Nature Conservancy’s acquisition of 247 acres which was added to Chemin-A-Haut State Park in Morehouse Parish, Louisiana. Dr. Keith Ouchley, State Director of the Louisiana office of The Nature Conservancy, stated: “If we are to be truly successful in conserving our natural heritage, we need to be able to balance the needs of property owners with natural resource restoration priorities—the partnership with New Century is one such example.” New Century's success is driven by a motivated group of experts. We are adept at using the latest technologies to identify, drill and produce new energy supplies in a way that is friendly to the environment. Achievement of our goals is accomplished through the coordinated efforts of a multi-disciplinary lineup - including management with the proven skill and foresight for success. Our team has a long history together, shares strong ethics, and enjoys an enduring and strong track record.
Our Game Plan? Apply Geoscience Technology Acquire Mineral Leases Add Value through Drilling and Development
And HARVEST through Production or Sale
Our style? We don't follow the herd... We leave a light footprint where ever we go... We believe higher oil and natural gas prices lie ahead... We only pursue opportunities that make sense using current metrics:
Historically low drilling costs make this the perfect time to build reserves that will rise in value. We only pursue projects with the potential to deliver high returns using today's prices.
Our operations cover the onshore Gulf Coast and Ark-La-Tex trends of Texas and Louisiana, with a focus on our 6,500 square mile 3D seismic database.
We target a mix of oil and natural gas, a plentiful, efficient energy source found here at home. Clean, affordable, abundant - and American - natural gas provides power that is compatible with clean air.
We are doing our part to support the U.S. economy. Every oil and gas well involves widespread operations and coordinated services - creating jobs for hundreds of people. Take a few moments to watch this video and learn more about drilling operations.
Enjoy local food and produce? Yes, but we also want more local oil to reduce the 60% that we import.
Local natural gas is even more important. Right now only 22% of our electricity is generated from natural gas and that's got to change - for the environment and the economy! Get behind the Sierra Club which has already endorsed natural gas as the energy source of choice.
How do we get there from here? Our ability to accurately identify oil and natural gas before wells are drilled has been greatly increased by technology. Even subtle traps are often identified by seismic attribute clues. We scrutinize thousands of square miles of 3D seismic data using sophisticated tools to find new reserves. The pay off is more efficient development and fewer wells drilled - reduced risk and higher profits are the kicker. Good for the environment ! Good for the economy ! Good for us and our investors !
We continually strive to extend our reach through strategic alliances. Our portfolio strategy maximizes growth and returns by diversifying our oil and natural gas investments. We hit our targets through wise planning, timing, and turnkey contracts with the best contractors, vendors and suppliers.
Our style is to think outside the bowl and leap when new ideas, technology, and opportunities beckon. Innovative thinking, careful planning, and agility come in handy.
Timely and accurate communications are everything.
Our project management includes: Geological, Geophysical, Land & Engineering Drilling, completion & production plans, designs & budgets Complete regulatory filing & compliance Timely revenue distributions, joint interest billings & reports
To reduce overhead (and save a few trees) we keep our office environment as paper-free as possible. Our statements and reports go out by email, and we make revenue disbursements by direct deposit. We try to keep our funds working for us at all times. Video conferences are great to discuss technical developments with our associates - local and remote. We recycle, we conserve, and we respect the environment.
Our operations are funded by our oil and natural gas revenues, along with joint venture participation with qualified investors and industry companies. We put our money on the line and maintain significant interests in all the wells we drill. Most of our growth is organic (through the drill bit) but we also make acquisitions where we can add value through enhanced production and development. We only sell properties when it is a savvy move and the best way to maximize profit for our company and our partners.
The information on this page is for informational purposes only and not a solicitation. Thank you for your interest, and please contact us at info@newcenturyexp.com or call Candyce at 281-664-7000 if you would like more details about our company and our projects. We are always happy to hear from you....
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