East Texas Basin
Gulf Coast Basin
Compadre’s Vision is that significant conventional oil reserves exist in the East Texas and Gulf Coast Basins within 1) under-developed oil fields and 2) the by-passed oil reservoirs existing within their aging legacy assets. The Company believes that capturing these reserve opportunities using modern drilling, completion and facility technology will achieve Field EUR’s that meet Private Equity expected returns.
Compadre’s Goal as an “early mover” in this space is to capitalize on its technical and operational competencies to exploit conventional shallow and bypassed oil reserves through an acquisition and development philosophy that allows for repeatable and scalable Company growth in today’s commodity price environment.