TAP Management Austin TX Reviews Top Oil-Producing States

 

AUSTIN, TexasJune 25, 2012 /PRNewswire/ -- TAP Management Austin TX reviews the supply of oil from the nation's top oil-producing states. According to the Energy Information AdministrationTexasAlaskaCaliforniaNorth Dakota and Oklahoma accounted for roughly 56 percent of the United States' domestic oil production levels in 2011.

 

Overall, oil production from these states increased in 2011, with Texas and North Dakota experiencing the largest gains. In fact, North Dakota recently became the second-leading oil producer in the United States. The state pumped more than 152.9 million barrels of crude oil in 2011 - a 40 percent spike compared to 2010. The boom has increased the state's population to record levels and has created thousands of jobs for its citizens, helping North Dakota achieve the lowest unemployment rate in the country.

TAP Management Austin TX Reviews Oil Consumption Patterns

 

AUSTIN, TexasMay 16, 2012 /PRNewswire/ -- TAP Management Austin TX reviews oil and gas consumption patterns and how they affect our global economy. Despite the recent focus on alternative fuel exploration, oil continues to play an essential role in our transportation infrastructure. In fact, ExxonMobil's most recent edition of Outlook for Energy predicts that by the year 2040, 90 percent of the global transportation methods will still be powered by petroleum fuels.

 

Gasoline, diesel and jet fuel provide a level of affordability, versatility and convenience that is unmatched by alternative energy resources. The dense amount of energy provided by these fuels, especially when compared to the concentration of other developed energy resources, is the primary reason for our continued reliance on petroleum.

TAP Management Austin TX Reviews Oil and Gas Prospects in South Texas

 

AUSTIN, TexasMarch 12, 2012 /PRNewswire/ -- TAP Management Austin TX reviews various oil and gas prospects throughout the South-Central regions of Texas and is continuing to increase its position in the area. By strengthening ties with oil and gas industry personnel, TAP continues to increase its pursuit of potential production and acreage acquisitions throughout South Texas. TAP will continue to expand its rapid company growth by maintaining and growing its relationships with geophysicists, geologists, operators, and other exploration and production companies in and around South-Central Texas.

Geophysical prospecting measures the properties of earth's subsurface materials and detects irregular patterns that may be caused by the existence of oil or gas. In the exploration of hydrocarbons, the most common method of geophysical exploration is seismic reflection, which TAP has utilized to developed production in two states. This technique is similar to echolocation and sonar.

TAP Management Reports Planning of Fracture Stimulation for Horseshoe Gallup and Completion of Laramie Discharge System

TAP Management is currently in the process of planning a fracture stimulation treatment for a well drilled in the Horseshoe Gallup field in San Juan County, NM. The company is expected to commit to a plan and move forward with the treatment late in the first quarter of 2012.

The Horseshoe Gallup well was drilled to a total depth of just over 1900' with its main prospective pay zone as the Upper Gallup sandstone. The Upper Gallup was encountered as expected, but oil shows attributable to up-hole Mancos intervals were observed during drilling and warrant further investigation. Test results thus far have been largely inconclusive, and additional field development is currently pending post-analysis of the referenced fracture stimulation treatment.

TAP Management Launches New Website to Inform Viewers on Oil Production

AUSTIN, Texas, Nov. 11, 2011 /PRNewswire/ -- TAP Management (TAP) recently launched a new website dedicated to informing its viewers about the extensive drilling and harvesting process it undergoes in the assimilation of natural gas and oil. From animations to glossaries and videos, TAP Management is providing a wealth of education to its onlookers.

TAP Management Seeks to Re-drill High Pressure Well

AUSTIN, Texas, June 23, 2011 /PRNewswire/ - During the drilling phase of a natural gas well by TAP Management, Inc. on June 9, 2011, it is believed an over-pressured zone was encountered before reaching the intended 5,800’ depth, causing the company to move locations and giving reason to believe a major shallow discovery may be imminent. A promising future drilling project 100 feet from the location, combined with an extra focus on drilling safety could result in a much higher prospective reward than originally anticipated. In-house petroleum engineer Jeff Welber says, “We are currently gathering information, searching for the source, and designing a well that will mitigate risk.”

Company History

TAP was formed in November 2005 by three partners to explore for shallow natural gas reserves in south Texas. After 18 months of fund raising and prospect evaluation, we commenced the drilling of our first well, the North Loeher Ranch #1, a 3200’ test well in Goliad County, TX. The results were positive, and led to a seven well field development. The Loeher #1 remains a tribute to hard work and perseverance, principles that continue to guide our company year after year.

Areas of Focus

TAP Management, Inc. (TAP) has been building a portfolio of oil and natural gas production since its founding in November of 2005.  It identifies specific targets in oil and gas fields that meet its risk/reward criteria. 

TAP Management Hires University of Texas Petroleum Engineering Graduate

AUSTIN, Texas, May 27, 2011 /PRNewswire/ — TAP Management has hired Jeff Welber, a top graduate of the University of Texas Petroleum Engineering program. Mr. Welber will, among other responsibilities, focus on optimizing TAP’s existing and future oil and gas production.

Welcome to TAP Management

TAP Management, Inc. and its associates produce oil and natural gas in the United States with assets in Texas, Wyoming, Oklahoma, Kansas and Louisiana.  TAP has been in business since 2005 and is headquartered in Austin, Texas.  

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