Gas Development Corporation

Gas Development Corporation (GDC) was founded in 1994 to identify, evaluate and participate in the development of gas reserves through drilling in Western Oklahoma.  The primary objective of GDC is to locate opportunities for investment for its principals. Typically, GDCs principals take approximately $100,000 of an investment opportunity in any one prospect, and investment dollars in excess of this amount are sold to industry partners/investors. GDC plans to assemble and participate in twenty to forty prospects each year with an aggregate investment of $5,000,000. GDCs principals will invest approximately $2,500,000 in these opportunities, and the remainder will be available for industry partners/investors.  Whether a single-well or a multiple-well opportunity, GDC strives to minimize risk and maximize return while building oil and gas assets, at the same time spreading exposure by offering a number of economically viable opportunities.

Process

GDC takes an engineering approach to identifying potential drilling locations. This process involves isolating trends by using substantial data to prepare maps providing enough control points to select the potential location. Engineering analysis reviews production and pressure data from offset wells and projects the reserves associated with the prospect. The potential reserves determine whether the prospect has acceptable economics for GDC participation.  GDC monitors the operator filings with the Oklahoma Corporation Commission and the Texas Railroad Commission to identify the opportunities that meet GDCs economic criteria. While this process is labor intensive, it is quickly rewarding. Once an order is issued by the commission, a well proposal soon follows. At this point, GDC will begin negotiations to obtain an interest in the property.  GDC has acquired interests in more than one thousand drilling wells since it was founded, and these opportunities have resulted in a 96% success rate of completion. We currently have more than fifty active prospects.

Infrastructure

GDC has assembled the requisite skills to identify and gain participation in gas prospects in Western Oklahoma and the Texas Panhandle. These professionals also have the knowledge and experience to evaluate and make oil and gas acquisitions as opportunities occur. Please review their resumes below.  The personnel necessary to administer and account for our oil and gas investments is also on staff. We use outside professionals to assist in determining lease ownership, legal matters, and tax accounting. In summary, GDC has a substantial base of expertise that provides the necessary services to conduct business at a reasonable cost.