Latest Gulf Coast Energy Resources LLC Stories

2014-03-20 16:23:29

HOUSTON, March 20, 2014 /PRNewswire-USNewswire/ -- Gulf Coast Energy Resources, LLC today announced it was the apparent high bidder on six leases in the Central Gulf of Mexico Lease Sale 231 (through its subsidiary GCER Offshore, LLC "GCER"). The six leases are located on the Outer Continental Shelf of the Gulf of Mexico in water depths ranging from 96 feet to 213 feet, and cover more than 25,000 acres on a gross basis. GCER has a 30-100 percent working interest in each of the...

2011-01-18 11:47:00

HOUSTON, Jan. 18, 2011 /PRNewswire/ -- Gulf Coast Energy Resources, LLC today announced it has acquired, through its subsidiary GCER Onshore, LLC, producing assets and an exploration portfolio in the Texas Wilcox Trend from a private company for $95 million. These assets currently produce net 10 million cubic feet of gas per day (MMCFGD) and 170 barrels of oil per day (BOPD). Gulf Coast Energy Resources plans to drill several wells in 2011. Gulf Coast Energy Resources President and CEO...

2010-11-03 08:00:00

HOUSTON, Nov. 3, 2010 /PRNewswire/ -- Gulf Coast Energy Resources, LLC, (the "Company"), a privately-held company focused on conventional onshore oil and gas plays, today announced that Warburg Pincus and the management team have agreed to invest up to $250 million in the Company. Gulf Coast Energy Resources expects to create value through the exploration of proven hydrocarbon trends utilizing advanced seismic technology augmented by the acquisition and exploitation of producing fields...

Word of the Day
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.