Exploration and Production

ESP Petroleum

Strategy in North America

To acquire and develop a portfolio of high cash flow oil and gas production assets in the U.S. by:

Targeting currently under-producing properties where we can very quickly institute a plan to boost production and ramp cash flow.

Focusing on under-exploited fields in geological basins like the Permian Basin with long histories of production with solid PDP reserves, but also very strong PUD reserves.

Multiple ways to win

Increase production and cash flow from currently producing wells through better management and operational improvements
Use new in-fill drilling to develop the undeveloped reserves either with partners or using drilling credit facilities to dramatically increase revenue
Our expertise in solving oil field problems through our petrochemical business gives us a substantial advantage in selecting, pricing, and operating producing assets

Focus

Add cash flow & reserves, operating properties on a cost-effective basis to generate capital appreciation.