Cico Oil & Gas Company
750 Bering, Suite 650 , Houston, Texas, United States

CICO Oil & Gas Company, a Texas Corporation, is a third-generation, family owned and operated, independent oil and gas company that can trace its roots back to the boom days of the East Texas Field in the 1920s. CICO was formed as an exploration and production company by Dale C. Cheesman, Jr. and his father, Dale C. Cheesman, Sr., in January of 1963. Prior to that, they were independent oil and gas operators under the name of D.C. Cheesman & Son. Mr. Cheesman, Sr., who started out as a landman for Roxanna Oil Company (Shell) in the East Texas Field, was a pioneer in the oil and gas industry and is mentioned in several books depicting the history of the industry. At the time of his death in 1971, Mr. Cheesman Sr. had been actively engaged in exploration and production in Texas, Arkansas and Louisiana for over fifty years. Mr. Cheesman Jr. continued to run the company through 2000.

In 1982, after graduating from the University of Texas, Dale C. Cheesman III joined the company, making it again a father/son operation. For the next thirty-three years they continued to put quality oil and gas prospects together and drilled them with their investors. Mr. Cheesman Jr. continued to work right until the time of his death in 2015. Today, the company is still owned and managed by Dale C. Cheesman III and his capable staff. In 2003, Lolly Cheesman (daughter of Dale Jr. and sister of Dale III) joined the company to help out in the marketing of CICOs prospects. In addition to the Cheesmans, CICO has always maintained a full staff of professionals including engineers, geologists, landmen and accounting and operational personnel. In 2013, CICO formed an exploration alliance/partnership with two well known and experienced oil men, Duncan DuBroff and Breck Selman. Together this new team is out finding and drilling the best deals on the market.

The company has continued to experience good growth since its inception. Through in-house generated and submitted prospects, CICO has discovered many oil and gas fields in Texas including the Barry-Balfour Field, North Balfour Field, East Mooney Field, Catarina Field, Hope Field, Brookeland Field, Christensen Field and South True Field to name a few. CICO has also successfully completed many wells in or near existing fields like North Wharton Junction Field, Welder Field, Giddings Field, Gillock Field, Salona Field, Sublime Field, Old Buzzard,, Welsh and Katz Slick Field. Although CICO has drilled many wells in all corners of the state, it mostly focuses on on-shore oil and gas trends in the gulf coast area of the state of Texas and Louisiana. Since 1972 CICO has drilled over 275 wells with an average success rate of 65%.

CICO has long enjoyed a good reputation in the oil and gas industry of being a prudent, fair, honest and successful operator. CICO is fully staffed with experienced professionals and is capable of generating, evaluating, leasing, acquiring, drilling and operating any oil and gas prospect.

PHILOSOPHY
CICO Oil & Gas Company is a fully staffed independent oil and gas company capable of generating, evaluating, leasing, acquiring, drilling and operating any oil and gas prospect. CICO takes great pride in using lean overhead and experienced personnel to drill and operate projects at a fraction of the cost other oil and gas companies experience.

CICO generates and acquires various oil and gas prospects from a large number of knowledgeable and experienced geologist and geophysicist. CICO thoroughly evaluates and scrutinizes every deal that comes in the door. Our main focus is finding lower risk, higher potential, diversified oil and gas prospects for our investors.

Upon finding an attractive prospect, CICO performs thorough due-diligence research in order to find any possible problems with the geology, land, title, pipeline or any other areas of the deal. After being fully satisfied with the integrity of a prospect and its sources, CICO then packages up the deal and submits it to various investors for their participation. We then drill the well, evaluate it , complete it, hook up the production equipment, and then produce it for the life of the well. We bill all the lease operations and distribute all the revenue checks.

CICO is not a boiler-room money raising outfit. We do not have rooms full of tele-marketers or pay “broker-dealers” commissions to talk people into investing with us. We are a 60 year old, legitimate oil and gas company that concentrates on bringing the best deals possible to our investors.

CICO raises exploration capital through promoting our prospects to a diversified group of investors. These investors, or partners, range from wealthy individuals and industry institutions, to friends, family and associated professionals. Even though most of CICO’s partners have invested with CICO many times for many years, CICO continues to look for new investors and partners to create new relationships that are mutually profitable and enjoyable.