Fossil
Oil & Gas Management, LLC. is an independent oil
and gas management company providing oil and natural
gas investment opportunities drilling for oil and gas
production in high volume fields based on sub-surface
geological analysis and 3D seismic technology. Fossil
Oil brings added confidence to our investors and joint
venture partners with management having over 40 years
experience serving Texas and Louisiana Gulf Coast, South
and East Texas.
Through most
of 2008, the oil and gas industry had never been better
in its 150 year existence. Oil companies were experiencing
record profits. The industry appeared to be revisiting
the oil boom of the early 20th century but with far
greater results with Natural Gas and Condensate as an
added commodity! It was a period of global demand for
energy, tightening supply, lingering energy bill in
our own country, and tax write off incentives in the
tax code to stimulate private sector oil and gas investment.
The opportunities were astounding through the first
3 quarters of 2008. The price of a barrel of crude oil
hit a record $147.27 on July 11th. All this changed
when the “economic crisis” caught most of
us by surprise. Five years of increasing price gains
for oil and natural gas was lost in five months. What
we must remember is that crude oil traded at $17.85
per barrel in 2002 and by 2007 had jumped to $95.98
per barrel. Currently, (New Year’s Day, 2009)
oil has climbed back and trading at $44.60 per barrel.
Industry pundits are predicting that as the stock market
recovers in the months ahead, so will our economy and
the demand for crude oil and natural gas. The instability
of the Middle East oil producing countries and the reduction
of oil output by OPEC will also help prices continue
their climb back up to new levels not seen before.
In spite of
today’s lower prices, industry economists predict
worldwide consumption to be 115 million barrels of oil
a day by 2030, a huge increase from current demand.
World competition for fossil fuel sources will always
exist, yet, big oil companies have reduced their drilling
budgets from 30% in the mid-90's to under 18% today.
Much of today’s world's oil has been nationalized,
leaving the major USA oil companies scrambling for incredibly
expensive international and deep water projects (Outer
Continental Shelf – Gulf of Mexico). Thus, with
the absence of the major oil companies drilling onshore,
“the playing field has been leveled” and
huge opportunities prevail to explore these vast onshore
projects. Companies like Fossil Oil & Gas Management,
LLC are utilizing their skills and experience to package
investment opportunities based on current oil and gas
prices, sound geological data and 3D seismic technology
along the Texas and Louisiana Gulf Coast.
We encourage you
- don't let times of industry opportunities pass you
by.
Get Involved!
You have to own
Oil and Gas to reap the rewards!
Our goal is to participate alongside our joint venture
partners in properties that make sound risk/reward sense,
properties that meet our economic goals using today’s
prices and properties supported by the latest 3D
seismic technology.
IMPORTANT
NOTICE!
Fossil
Oil & Gas Management, LLC is sponsoring
its Fossil-2009 Natural Gas Drilling and Producing
Wells JV so as to maximize the Intangible Drilling
Cost (IDC) – 2009 tax write-off associated
with the drilling of this deep gas and condensate
well in addition to the inclusion of two existing
producing natural gas wells.
Fossil
Oil & Gas Management, LLC has teamed up
with New Century Exploration, Inc. (Operator)
to drill this exciting 16,000’ rich gas
well based on both sub-surface geology and 3D
seismic technology. The well will be drilled
to encounter both natural gas and condensate
(oil).
The
two producing gas wells included in this JV
that were drilled, tested, completed and hooked
up to pipelines in November, 2007. Each have
been consistent producers of natural gas each
month and are expected to continue to flow gas
for years to this joint venture.
12/31/08– The Fossil-Forgason
#1 well in Wharton County, Texas (part
of the 2009 Natural Gas Drilling & Producing
Wells JV) (DRILLED,
TESTED, COMPLETED, PRODUCING GAS)
continues to be a consistent and steady producer
of natural gas and the daily production chart
can be reviewed on the report site. (Click
to go directly to this well’s Report Link.)
12/31/08–
The Horelica
#2 well in Ft. Bend County, Texas (DRILLED,
TESTED, COMPLETED, PRODUCED GAS, RE-COMPLETED,
CURRENTLY PRODUCING GAS) reported
production totals continue to accumulate and
are tallied in the Report Section for this JV
(CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK).
12/31/08
- Fossil – Horelica #1A-ST well
in Fort Bend County, Texas (also
part of the Fossil Call Oilfield Multi-Well
JV) (DRILLED,
TESTED, COMPLETED, PRODUCING GAS AND OIL)
reported the work to install a gas lift system
and separate Gas Meter and Separator has been
completed and hooked up. Workover procedures
to eliminate a “loaded up” situation
successfully removed a “bridge”.
Details can be reviewed in the Report Section
for this JV (CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK)
12/30/08–
The Fossil – Gripp #1 well
(Una Mas Prospect) in Victoria County, Texas
(part of the 2007 Year-End Multi-Well JV) (DRILLED
TO TD, LOGGED NEW OIL/GAS DISCOVERY, PRODUCING
GAS) Investors can review the
Executive Summary of this 7,000’ Gulf
Coast well in the Report Section for this JV
(CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK).
12/16/08
- FOSSIL-ARCO FEE #1-R Well
(part of the Fossil-Texas Oilfield Producing
Wells JV) in Tyler County, Texas (PRODUCING
OIL AND NATUAL GAS DAILY) reported
that workover activity was successful and this
well is producing both crude oil and natural
gas daily. Investors can review the Production
Charts and the Executive Summary in the Report
Section for this JV (CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK).
12/16/08
- FOSSIL - LITTLE – ARCO #1 -
T Well (part
of the Fossil-Texas Oilfield Producing Wells
JV) in
Tyler County, Texas (PRODUCING NATURAL GAS AND
OIL) Investors can review the
Executive Summary in the Report Section for
this JV (CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK)
12/12/08
- Fossil-Cage West #1 well
in Brooks County, Texas (DRILLED,
TESTED, COMPLETED, FRAC’D ZONE, HOOKED
UP COMPRESSOR, PRODUCING GAS, CURRENTLY MOVING
TO A NEW ZONE TO INCREASE PRODUCTION)
Production Charts can be reviewed in the Report
Section for this JV (CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK).
12/2/08
- Fossil–Barham #1 well
in Calcasieu Parish, Louisiana (DRILLED,
TESTED, COMPLETED, PRODUCED GAS, AND RE-COMPLETED
IN A NEW ZONE AND PRODUCING GAS)
continues to be a consistent and steady producer
of natural gas and the daily production chart
can be reviewed on the Report Section for this
JV(CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK)
12/1/08
- Fossil-Thibodeaux #1 well
in Calcasieu Parish, Louisiana (part of the
Well Multi-Well JV) (DRILLED,
TESTED, COMPLETED, GAS PIPELINE CONNECTED AND
PRODUCING GAS) reports that
the Operator, New Century Exploration has completed
the pipeline hookup and gas meter and continues
to be a consistent and steady producer of natural
gas and the daily production chart can be reviewed
on the Report Section for this JV (CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK).
12/1/08 - The Fossil-Dobbs Ranch #1
well in Lavaca County, Texas (part
of the 2009 Natural Gas Drilling & Producing
Wells JV) (DRILLED,
TESTED, COMPLETED, TESTING AND PRODUCING GAS)
continues to be a consistent and steady producer
of natural gas and the daily production chart
can be reviewed on the Report Section for this
JV (CLICK
HERE TO GO DIRECTLY TO THE REPORT LINK).
Fossil Oil & Gas Management , LLC is an
independent oil and gas management company providing
high quality direct participation (Joint Ventures)
opportunities for non-industry accredited investors
seeking lower risk yet realistic economic returns
on their investment capital.
Multiple
Oil and Gas Well Drilling and Producing
JVs
Fossil
Oil & Gas Management, LLC. is an independent oil
and gas management company providing oil and natural
gas investment opportunities drilling for oil and gas
production in high volume fields based on sub-surface
geological analysis and 3D seismic technology. Fossil
Oil brings added confidence to our investors and joint
venture partners with management having over 40 years
experience serving Texas and Louisiana Gulf Coast, South
and East Texas.
12/31/08–
The Fossil – 2009 Natural Gas
Drilling & Producing Wells JV:
A special notice has been posted for your review.
(
12/31/08– The Fossil-Forgason
#1 well in Wharton County, Texas (part
of the 2009 Natural Gas Drilling & Producing
Wells JV) (DRILLED,
TESTED, COMPLETED, PRODUCING GAS)
continues to be a consistent and steady producer
of natural gas and the daily production chart
can be reviewed on the report site. (
