Gas Development Corp

Location:

4527 East 91st StreetTulsaOklahoma74137United States View Map

Revenue:

$1 Million

Employees:

5

Phone:

(918) 523-9090

Fax:

(918) 523-9093
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Description:

Gas Development Corporation (GDC) was founded in 1994 to identify, evaluate and participate in the development of gas reserves through drilling in Western Oklahoma. The primary objective of GDC is to locate opportunities for investment for its principals. Typically, GDC's principals take approximately $100,000 of an investment opportunity in any one prospect, and investment dollars in excess of this amount are sold to industry partners/investors. GDC plans to assemble and participate in twenty to forty prospects each year with an aggregate investment of $5,000,000. GDC's principals will invest approximately $2,500,000 in these opportunities, and the remainder will be available for industry partners/investors. Whether a single-well or a multiple-well opportunity, GDC strives to minimize risk and maximize return while building oil and gas assets, at the same time spreading exposure by offering a number of economically viable opportunities. Contact information for Gas Development Corporation: Address: 4527 East 91st Street, Tulsa, OK 74137 Phone: 918-523-9090 Fax: 918-523-9093 Email: info@gasdevcorp.com Process GDC takes an engineering approach to identifying potential drilling locations. This process involves isolating trends by using substantial data to prepare maps providing enough control points to select the potential location. Engineering analysis reviews production and pressure data from offset wells and projects the reserves associated with the prospect. The potential reserves determine whether the prospect has acceptable economics for GDC participation. GDC monitors the operator filings with the Oklahoma Corporation Commission and the Texas Railroad Commission to identify the opportunities that meet GDC's economic criteria. While this process is labor intensive, it is quickly rewarding. Once an order is issued by the commission, a well proposal soon follows. At this point, GDC will begin negotiations to obtain an interest in the property. GDC has acquired interests in more than one thousand drilling wells since it was founded, and these opportunities have resulted in a 96% success rate of completion. We currently have more than fifty active prospects.

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