Exploration,
Inc.
New Century Exploration, Inc.
New Tools - New Targets
New Century is a Houston-based oil and natural gas company involved in the SAFE and RESPONSIBLE development of ONSHORE U.S. energy resources. New Century has an extensive lease portfolio and drilling queue with a focus on low-risk, long-life oil reserves. New Century's niche is older productive areas and tight reservoirs that were not fully drained with the technologies available at that time.
KEY DRILLING PROJECT - GIDDINGS FIELD UNIT
Vintage Hills Prospect, Brazos County, Texas
Austin Chalk Horizontal
Surrounding wells average 248,000 BO
EUR – 674,217 BO + 4.5 BCF
The key to New Century's accomplishments is a sharp team with a consistent record of success. They recently presented a group of upcoming projects at the North American Prospect Expo in Houston. This short video shows some of the highlights:
Phil Martin is presenting "The Resource Play Schism" to the Society of Independent Professional Earth Scientists at the Petroleum Club in Houston on September 16th. The talk will compare the differences in conventional and unconventional reservoirs and suggest the most attractive solution - advice that New Century is taking to heart! An abstract of the talk is available at www.sipeshouston.org .
Markets are driven by fear and greed and right now the bench is full. The pendulum always over swings, and although it is uncertain when it will return from fear back to value, it always does return. Oil is higher than it was a year ago and energy is currently one of the rosier economic sectors. Right now the window is open but costs will rise as the economy heals - and the opportunity may never be better.
NEW CENTURY'S BUSINESS PLAN:
APPLY GeoTechnology
ACQUIRE Mineral Leases
ADD Value through Drilling & Development, and
HARVEST through Production or Sale
New Century's drilling program in the Permian Basin (Glasscock County) is going well.
The well on the left tested 160 BOPD in July; the one on the right has completed as an oil well in August.
Natural resources such as oil and gold are state assets in most countries. In fact, sovereign oil companies control 90% of the world's oil and gas reserves. The United States is one of the very few places where private ownership of minerals is allowed.
Our most recent discovery in Wharton County took 30 days from completion to sales
New Century is a licensed and bonded Oil & Gas Operator in Texas and Louisiana. The company generates its own prospects and maintains responsibility for all aspects of drilling and production. The company's growth depends on the success of its exploration and development programs and 2010 has been a good year. Wells have a positive impact on the job market and it is estimated that the average well provides economic benefits for more than 300 people. The company maintains a healthy drill queue in East Texas, the Gulf Coast and the Permian Basin.
Location of some of New Century's upcoming projects for 2010:
View New Century's 2010 Projects in a larger map
Core Beliefs
New Century's core beliefs and practices include good stewardship of the earth and a sincere commitment to preserve the natural environment. Great care is taken to leave the land in as good or better condition after operations 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."
New Century 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 uses the latest and best technology to identify, drill and produce new energy supplies in ways that are friendly to the environment.
Testing New Century's recent Wharton County gas discovery.
Land and natural resources are the basis of all wealth. They create jobs and strengthen the economy. They serve as a safe harbor and may outperform other assets.
Oil and Natural Gas are the most efficient natural energy resources known. Natural gas is clean, affordable, abundant and local, providing power while sustaining fresh air. If the trucking fleet were converted to natural gas it would cut our oil imports by 40% and reduce total CO2 emissions by 8%. The Sierra Club has endorsed natural gas as a wise energy source.
Every barrel of oil found here is one less that has to be imported. This video explains more about drilling operations.
Success depends on recognizing opportunities and taking smart aim. New Century uses a diversified portfolio strategy with careful planning, timing and diligence. Project budget targets are consistently hit by using the best contractors, vendors and suppliers and turnkey contracts.
The probability of drilling success has been greatly improved by technology. Oil and natural gas traps often display attributes that are visible on 3D seismic; and horizontal drilling is harvesting reserves unable to be drained by vertical wells (one horizontal can often produce the equivalent of 10 vertical boreholes). The pay-off is more efficient development and fewer wells drilled - a smaller footprint and higher reward for all.
New Century's Project Management Includes:
Timely and accurate communications
Geological, Geophysical, Environmental, Land & Engineering
Drilling, completion & production plans, designs & budgets
Complete regulatory filing & compliance
Quick on-line revenue disbursements, joint interest billings & reports
New Century recycles and strives for a paper-free office environment. Statements and reports are emailed, and revenue disbursements are made by direct deposit. On-line video conferences are very effective, save time and reduce travel.
New Century's operations are funded by revenues and joint venture participation with qualified investors and industry companies. New Century maintains large interests in every well it drills. Acquisitions are made when there is an opportunity to add value through enhanced production and development. Properties sales are considered if this is the best way to maximize returns.
The information on this page is for informational purposes only and not a solicitation. Register in our Guest Book , drop us a line at info@newcenturyexp.com or call 281-664-7000 and we will be happy to answer any questions or provide more details about our company and our projects.
