Deep Well Oil & Gas (OTCMKTS:DWOG) is an independent exploration and production company focused on acquiring, developing and optimizing onshore oil and natural gas assets in the United States. Since its founding, the company has pursued a strategy of targeting mature fields with proven reserves, seeking to enhance recovery through cost-effective infill drilling, well recompletions and enhanced production techniques. Its core production mix includes crude oil, natural gas and natural gas liquids (NGLs), serving a broad array of midstream and refining customers.
The company’s asset portfolio is concentrated in prolific basins across Texas and New Mexico, including the Permian Basin and adjacent Gulf Coast regions. Deep Well Oil & Gas typically acquires low-decline, cash-flow-positive properties, leveraging its technical team’s expertise in reservoir characterization and operational efficiencies. Over the years, the company has expanded through selective bolt-on acquisitions, adding lateral drilling opportunities and under-developed acreage positions to bolster future drilling inventory.
In support of its production activities, Deep Well Oil & Gas maintains strategic relationships with third-party service providers for drilling rigs, completion services and wellhead equipment. The company also employs a small in-house geological and engineering staff to oversee leasehold evaluations, reservoir modeling and capital allocation. Emphasis on environmental stewardship guides its operational practices, including water-management protocols and minimal surface disturbance techniques tailored to the arid regions where it operates.
Deep Well Oil & Gas is managed by a leadership team with decades of combined experience in petroleum engineering, finance and operations. The board and executive officers have backgrounds in both large integrated oil companies and smaller independent producers, providing a disciplined approach to asset evaluation, risk management and shareholder communication. Looking ahead, the company aims to grow its production base through targeted acquisitions and technological enhancements designed to unlock additional value from its existing property portfolio.
AI Generated. May Contain Errors.
Free DWOG Stock Alerts