Press Releases

AUSTIN, Texas, June 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 Administration, Texas, Alaska, California, North 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.

AUSTIN, Texas, May 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.

AUSTIN, Texas, March 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 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.

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.

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.”

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.