P2big

Exploring for lower risk oil and gas reserves at an acceptable economic cost level


Purchasing and exploiting producing oil and gas properties


Enhancing the value of our producing properties through efficient product marketing and field operation activities


Optimizing production operations to control costs

 

Maintaining an aggressive oil and gas reserve growth direction

 

 

SILVER OAK ENERGY

MISSION
To create value for partners and investors by generating prospects and acquiring producing property interests with significant upside potential and limited downside risk.  To identify and capture unrecognized value in proved and probable reserve categories.

 

PROFILE
Silver Oak Energy will generate prospects, acquire leases and operate producing properties in the Williston Basin and other areas. The founders of Silver Oak Energy, Greg Barnes (Engineering), Wayne Bailey (Land), Steve Asbill (Operations), Bill Francis (Geology) and Curtis Priddy (Drilling) are former officers and managers of Encore Acquisition Company, and were instrumental in the growth of Encore until its recent merger with Denbury Resources for $4.5 billion.

 

A primary focus will be on horizontal drilling opportunities.  Collectively, the partners have been involved in the drilling of over 800 horizontal wells in Montana, North Dakota, West Texas, Louisiana, and Mississippi.

 

 

OPERATIONAL STRATEGY

Silver Oak Energy will rely on its partner's experience, expertise, contacts and creative abilities to identify, evaluate, acquire, and make attractive exploitation projects come to fruition.  Since value and cash flow generation with minimal risk is our goal, diverse types projects will be considered. 

 

  • Advanced  technology applications including advanced fracture stimulation, horizontal drilling, secondary or tertiary recovery methods, and other technological applications will be implemented and utilized.

 

  • Production enhancement through re-completion and/or stimulation; enhanced recovery; and development of additional reserves identified by detailed field studies.  

 

  • Operational changes such as compression, gathering systems and well treatments that result in either lower cost or increased production.