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Posted On: 08/19/2014 12:44:44 PM
New Western Energy Corporation (NWTR)
is focused on acquiring land leases for properties in the United States that have shown favorable characteristics for the discovery of oil, natural gas and other minerals, and entering into joint ventures to acquire assets in areas in the continental United States. The Company was founded in 2008 and is based in Irvine, Calif.
Strategic Partnerships:
“Our Strategy Creates Value for our Assets & Shareholders”
Royal Texan Energy Co. (wholly-owned subsidiary)
New Western Energy acquired 100 percent of Royal Texan Energy Co. in January 2012.
Petroleum Energy Management Co. (“PEMCO”)
PEMCO was formed in 2004 to work within the mid-continent marginal well market. PEMCO’s team is comprised of oil and gas industry veterans with 65-years of combined experience in petroleum geology and engineering, well stimulation, drilling, and oil recovery. PEMCO also works with its clients to manage day-to-day operations of leases, develop growth strategies, and evaluate potential acquisition opportunities. PEMCO manages the day-to-day operations at the Company’s leaseholds in Oklahoma.
Carroll Energy, LLC
Carroll Energy, LLC, Independence, Kansas, is a family-owned company with over 30 years of experience in the oil and gas industry led by Terry Carroll Sr. who has supervised and provided daily management and operations for numerous oil and gas companies, partnerships and private investors involved in the drilling and completing of thousands of wells, constructing, operating, and maintaining hundreds of miles of natural gas gathering pipeline, compression and dehydration facilities, cumulatively producing more than 15 BCF of gas and 750,000 BBLs of oil.
Management
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