Our Future Plans and Prospects for Oil and Gas Production

  • Great Western plans for the continued growth of its reserve base through and development drilling and strategic acquisitions.
  • Primary area of interest and operations is the Permian Basin but also includes the Gulf Coast of Texas, Rocky Mountain regions, and Oklahoma.
  • Great Western is active in the generation of drilling prospects in its core areas. The company also participates in outside-generated drilling and 3-D seismic ventures in the areas mentioned.
Oil and Gas Exploration
Oil and Gas Exploration
  • Acceptable parameters for drilling prospects include sound subsurface data with associated seismic coverage. 3-D seismic is desirable but not mandatory.
  • Great Western is an experienced, low-cost operator, however, operations are not necessary to secure participation in any deal.
  • Preferred acquisitions will include existing production with development potential. The exploitation of acquired properties has resulted in lower operating costs and lower production declines on mature properties.
  • Property trades will be considered and where possible, like-kind tax-deferred exchanges will be utilized.