G2 Petroleum
Oil & Energy, 6951 Pkwy, McKinney, Texas, Virginia, 75071, United States, 1-10 Employees
Phone Number: +18*********
Who is G2 PETROLEUM
Founded in 2008, G2 Petroleum, LLC is located in the McKinney area of the DFW metroplex. Since its inception G2 has acquired royalty, overriding royalty, working interest, non-op working ...
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Headquarters: 6951 Virginia Pkwy, McKinney, Texas, 75071, United States
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Date Founded: 2008
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Employees: 1-10
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Revenue: $5 Million to $10 Million
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Active Tech Stack: See technologies
Industry: Oil & Energy
SIC Code: 2911
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NAICS Code: 324110 |
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Frequently Asked Questions Regarding G2 Petroleum
Answer: G2 Petroleum's headquarters are located at 6951 Pkwy, McKinney, Texas, Virginia, 75071, United States
Answer: G2 Petroleum's phone number is +18*********
Answer: G2 Petroleum's official website is https://g2petroleum.com
Answer: G2 Petroleum's revenue is $5 Million to $10 Million
Answer: G2 Petroleum's SIC: 2911
Answer: G2 Petroleum's NAICS: 324110
Answer: G2 Petroleum has 1-10 employees
Answer: G2 Petroleum is in Oil & Energy
Answer: G2 Petroleum contact info: Phone number: +18********* Website: https://g2petroleum.com
Answer: Founded in 2008, G2 Petroleum, LLC is located in the McKinney area of the DFW metroplex. Since its inception G2 has acquired royalty, overriding royalty, working interest, non-op working interest and mineral interest in some of the top producing oil and natural gas fields in America. In 2008 G2 and our partners acquired interest in 3 13,000 Hackberry wells located on the gulf coast in Lake Sabine Orange, CO. Texas. As we continued our pursuit we acquired interest in 20-2,000 producing oil wells in Wichita Falls, Texas. Working with our operator in this area we were able to stimulate and stabilize production through various treatments and reworks. In 2013 G2 negotiated a sell of our interest in this property to a publicly traded oil company. From here G2 ventured onto the Appalachian Basin. G2 along with industry and private partners drilled and completed 20- 2,000 wells. We found that this area is very tough to make real oil production as no geological methods 3-D seismic, satellite imaging, etc. proved to work as hydrocarbon identifiers. In 2011 G2 continued acquiring royalty and mineral acreage in the top shale developments in the United States. G2s holds various interest positions in over 60,000 acres in the Bakken , Eagle Ford and Barnett Shale. Our most recent area of participation is the DJ Basin located in the Wattenberg Field in Colorado. G2 Petroleum currently owns royalty interest in over 1,000 wells in this field, with the potential of an additional 3,000 wells over the next 5 to 10 years. Our strategy is simple, by acquiring long term reserves through royalty and mineral acquisitions we have established our cash flow and growth potential for the next 10 to 20 years. The non-operated working interest will also provide G2 exposure to drilling side of the shale. By combining our efforts, we believe our hedge strategy can place G2 Petroleum and its partners in a good long term position for growth as well tax reduction strategies.
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