Acquisitions play a large role in the story VCPost tells about Gulf Coast Western. The 2020 article argues that purchases made over several decades have driven both the Dallas company’s growth and the favorable Gulf Coast Western reviews it has received. Two deals from 2016 get the most detail.
The Northcote Energy Deal
In 2016, Gulf Coast Western LLC bought a 50 percent working interest tied to Northcote Energy Ltd. The article says the arrangement expanded and sped up Northcote’s drilling program. Under its terms, Gulf Coast Western received a 50 percent working interest in the Lutcher Moore well along with saltwater disposal assets.
The package went further. It included a 50 percent working interest in four wells drilled in the Cockfield and Oligocene Frio formations. Gulf Coast Western also gained a 25 percent working interest in every well drilled in the Wilcox formation. For readers unfamiliar with the term, a working interest gives the holder a share of a well’s production along with a share of the costs to drill and operate it.
Orbit Energy Partners and Seismic Data
The second transaction came through a subsidiary. Orbit Gulf Coast Exploration LLC, part of the Gulf Coast Western family, announced in January 2016 that it was purchasing all assets of Orbit Energy Partners LLC. That subsidiary had already taken over Orbit Energy Partners’ production activity in October 2015.
One of the most valuable pieces of the deal, according to the article, was proprietary rights to 100 square miles of 3D seismic data covering Lafayette, Louisiana. Seismic data lets geologists map underground rock layers before drilling, which helps a company decide where wells are most likely to find oil or gas.
The VCPost writer also notes that partnerships with Orbit Energy Inc. and Orbit Gulf Coast Exploration LLC contributed heavily to the company’s broader operating footprint. Taken together, these Louisiana deals show how Gulf Coast Western has expanded through shared ownership rather than going it alone. Gulf Coast Western reviews that focus on growth often point back to this period, when the company added wells, disposal infrastructure, and survey data in quick succession. See related link for additional information
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