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CORPORATE HISTORYTIE has been in the exploration and production business for over 24 years. TIE employs a low risk drilling and exploration strategy emphasizing field extension, deeper pool, and development drilling prospects in Texas, Louisiana and New Mexico. The company utilizes state-of-the-art geological and geophysical technologies. TIE internally generates the majority of its prospects and carefully vets prime drilling opportunities from third party generators. TIE historically drills 20 wells per year and traditionally invests at least 50% in its drilling prospects. The company utilizes onsite, state-of-the-art 3-D workstations for generating and/or evaluating current prospects. From 1995-2008, TIE generated or participated in over 150 wells, resulting in a 75% success rate. TIE has interests in over 200 wells in Texas, Louisiana and New Mexico which produce in excess of 500 MMCFG per month and 12,000 barrels of condensate per month. |
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Disclaimer: TEXAS INDEPENDENT EXPLORATION LIMITED makes no representation as to the accuracy or correctness of any data or information furnished in connection with the proposals described on this website. All data or information is furnished by Texas Independent Exploration Limited for the convenience of the participant and any reliance on or use shall be at the participant’s sole risk. Texas Independent Exploration Limited has the right to withdraw proposals without notice to any prospective participants.