Founded in Dallas in 1970, Gulf Coast Western is a Dallas based oil and gas company. The focal point of the company’s business is development, exploration, and acquisition of oil and gas reserves. Most of the company’s oil and gas reserves are in the Gulf Coast region of the United States. The company is also active in Texas, Louisiana, Mississippi and Colorado. The company has designated the activity from these ares to be developed under their Joint Venture Partners. There are also several drilling programs in these areas. The company plans to push expansion of this program. The Gulf Coast region provides a wealth of long-term oil and gas exploration for the company. While the nucleus of their explorations and lease acquisitions, the company is researching possible expansion opportunities in other areas of the United States.
As the company continues to maintain an expansion mindset, they are also researching key opportunities to expand. The expansion would provide exploration and development of other opportunities for oil and gas play throughout the United States. The areas selected by the company must meet stringent criteria based on their geological and geophysical attributes. This is critical to the geological and financial success of their Partners.
To partner with the company, individuals must qualify as accredited investors. This is because of the risk associated with the oil and gas industry. Some of those standards are: 1.) Individual net worth of $1 million 2.) Individual income in excess of $200,000 or joint income with spouse in excess of $300,00 in the last two years with the expectation that this will continue for the present year 3.) An entity in which all of the equity owners are accredited investors.
The company attributes its success to having open and transparent communication with their accredited investor partners. They have built these relationships to a level of reciprocated trust and respect by operating with honesty and integrity.