The research required for prospect generation is normally pursued in conjunction with subsurface geology and elements of petroleum engineering. In this respect, Nettlecombe has excellent energy industry associations that establish the impressive scope of their business approach: i) geophysics & geology; ii) petroleum engineering; iii) land & legal and: iv) Prospect & feasibility studies publishing.
In addition to log and seismic modeling plus direct drilling experience, Nettlecombe has grown to understand the importance of good petroleum engineering and vigilance in production operations as adjuncts to effective earth science. Through careful selection of its industry partners, Nettlecombe thus intends to continue minimizing the risk in drilling prospects.
Nettlecombe began exploring for natural gas in the Miocene, Frio, and Yegua sands in Texas because we felt that the seismic frequencies and amplitudes in the shallow and intermediate-depth sand sections were more valid, dependable and less risky than looking for deep structural plays.
One of the safest and more profitable means to extract Oil/Gas is to go in close to existing wells that have proven production history. Over the past few years the Oil/Gas markets have seen a great deal flux in value dollars both domestically and international. By staying with our comfort zone ( Miocene, Frio, Yegua and Catahoula Sands) we have found a great deal of success in PUD (Proven Un-Developed) reserves.
See our Current Projects for more information.
When Nettlecombe first began, it utilized friends and small investors to participate in the drilling of wells. This was initially satisfactory until unforeseen contingencies would occur, making it obvious that the prospects were under-financed. Nettlecombe has since decided to restructure its mode of operations, commencing the generation of prospects from its large seismic data base and, utilizing “Lease Bank” funding partners to obtain leasehold and to help pay for the overhead and expenses for generating the prospects. Nettlecombe presently takes some cash and an overriding royalty interest upon the sale of its prospects to an outside party.
Under the relationship envisioned, Nettlecombe would commit to a joint venture with the new partner in exchange for a working capital commitment and the right to participate in the funding of drilling prospects and other selected oil & gas projects such as “engineering plays” in which the company is often invited to participate.
