Focus and Strategy
Western is well positioned to take advantage of the massive overinvestment in a multitude of tight reservoirs. This overinvestment coupled with a meaningful but temporary abundance of product is the catalyst to the next phase of oil and gas activity. Industry operators are redefining their core assets, creating a unique opportunity to acquire assets that align with our current strategy.
Western is currently focused to capitalize on the dramatic swing of oil and gas market prices through selective acquisitions and development of non-core properties from various operators. Opportunities include conventional and unconventional gas, gas condensates, secondary recovery projects, and unconventional oil projects.
In addition Western is developing several areas within Oklahoma and North Texas with seismic programs designed to explore for oil between 4,000 feet to 9,000 feet, which can be drilled vertically and without the requirement of massive hydraulic fracturing.