Mustang Resources, Inc. is a privately held domestic oil production company incorporated in the state of Texas.
The primary focus of Mustang Resources is the production of crude oil and natural gas from shale, lime, and sand structures in Northern Texas, Western Texas, and Southern Oklahoma.
Significant advances in drilling technologies (including multi pay zone and horizontal drilling technologies) that have taken place in recent years have enabled profitable production of crude oil and natural gas from shale formations previously thought to be too difficult to address. Mustang Resources brings such advanced technologies to bear in shale and also in other deep drilling formations.
In shallow production areas of North Central Texas, nominal recovery, production and operational costs in these shallow oil-producing areas accompanied by lengthy production life (exceeding 40 years in many instances) form the basis of Mustang’s low risk, high return philosophy for these zones. In shallow production zones of North Central Texas, Mustang endeavors to acquire oil leases with existing oil production from sellers who do not wish to invest dollars/expertise to maximize said production. We then seek to employ high probability techniques to retrofit existing wells where needed and/or incrementally drill new wells in proximity to existing production sites, as determined by our team of experienced industry professionals.
By using up-to-date, proven technologies, by concentrating many of our efforts on improving current production and revenue of existing leases, and by carefully balancing incremental capital expenditures with existing revenue, we seek to reduce and/or eliminate key risks typically associated with oil and gas exploration.
