This partnership fits perfectly with our innovative outlook, scientific approach, and rigorous due-diligence process, and empowers us to enhance our track record of success in the region.
Austin, TX (PRWEB) February 17, 2015
Flowtex Energy, a leading oil and gas exploration company headquartered in Austin, Texas, announced today that it has entered into two respective partnerships that will focus on drilling new wells in regions where key personnel in the company have experienced success: Central Oklahoma and Southeast Texas.
The first Flowtex Energy partnership is with Emerald Natural Resources Group Inc. (“Emerald NRG”), which is headquartered in Edmond, Oklahoma and provides industry-leading drilling and consultancy services to the oil, gas and geo-thermal sectors. Together with the Emerald NRG team led by the company’s President and Principal Consultant Earl Berkheimer, Flowtex Energy will focus on developing the proven oil fields of Central Oklahoma.
“Oklahoma is a top oil producing state and accounts for 3% to 4% of the country’s crude oil total each year, and Central Oklahoma in particular is home to one of the nation’s 100 largest oil fields,” commented Beau Flowers, Flowtex Energy’s President and CEO. “This partnership with Emerald NRG fits perfectly with our innovative outlook, scientific approach, and rigorous due-diligence process, and empowers us to enhance our track record of success in the region.”
The second Flowtex Energy partnership is with H.E.X.T. Operating, LTD. (“H.E.X.T.”), which is headquartered in Buna, Texas and is “hands on” for all aspects of oil production, ranging from its own in-house geology with an up-to-date log and map library, to over 30 years of field knowledge and experience. Together with the H.E.X.T. team, Flowtex Energy will focus on developing oil wells in the Spindletop area of Southeast Texas.
“In 2014, Texas alone produced over 730 million barrels of crude oil, and almost 7 billion MCF of natural gas,” added Mr. Flowers. “This partnership with H.E.X.T. demonstrates our commitment to actively researching and developing new sources of oil and natural gas, constantly improving our methods, and meeting our high standards.”
Drilling in Central Oklahoma and Southeast Texas per the above-noted partnerships is expected to begin in the second quarter of 2015.
For more information or media inquiries, contact Flowtex Energy via its website at http://flowtexenergy.com.
About Flowtex Energy
Flowtex Energy is a leading exploration company specializing in the acquisition and development of domestic oil and natural gas wells across Southeast Texas and Central Oklahoma. From day one, the company’s strategy has been steady and reliable, and its formula for success continues to be inspired by the words of J. Paul Getty: “rise early, work hard, strike oil.” The company’s team of experts capitalizes on decades of combined experience and an extensive industry network in order to secure opportunities in superior oil and gas properties, which ultimately provide significant return potential with quantified downside risk for participating partners.
Learn more at http://flowtexenergy.com.