Based in Grapevine, Texas Energy Mutual operates oil and natural gas properties throughout Texas and Oklahoma. At present, Texas Energy Mutual dedicates its time to overseeing five-well drilling activities in Oklahoma.
Among the top five oil-producing states, Oklahoma is home to three of the largest oilfields in the United States. Its natural gas reserves are equally impressive. Barclays Capital Inc. released findings indicating the state’s output between July 2014 and July 2015 exceeded that of Wyoming, New Mexico, and Louisiana combined.
As of September 2015, Oklahoma has continued to improve in shale light oil output. As such, many oil and natural gas companies have claimed properties in the Oklahoma Scoop and Stack and Anadarko Basin over the last several years. These operators have significantly boosted the amount of oil production for the state. From 2011 to 2014, Oklahoma’s oil production increased by 74 percent, according to the U.S. Energy Information Administration. And while rigs have declined in 2015, the state remains competitive in output, surpassing its 2011 production of 73 million barrels as of July 2015.
Based in Grapevine, Texas Energy Mutual, LLC, is an oil and gas exploration company focusing heavily on prospects in Oklahoma. Powered by a workforce with more than 150 years of combined industry experience, Texas Energy Mutual provides services at all phases of well exploration.
A number of oil and gas operations work with clients from the analysis of a potential well site through the final phases of project completion. In the oil and gas industry, project completion is often defined as a well that is capable of providing users with oil or gas. Before a well becomes viable, engineers must first reach total depth (TD) and begin the casing process. The casing process necessitates the running of a steel pipe from the surface down to the well to control fluid movement and minimize the risk of a cave-in.
After the casing has been properly fitted and cemented to further strengthen the line, well engineers finalize the project by opening holes in the casing surrounding the producing zone, running tubes down the TD, and installing control valves at the wellhead. Only after the wellhead has been adequately prepared can users begin drawing oil or gas.