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Rooster Energy Ltd
16285 Park Ten Place , Suite 120, Houston, Texas, United States

Memberships : NA
Industry : Oil & Gas
Basic Member
Since Oct, 2016
About Company

Rooster Energy Ltd. is an integrated oil and natural gas company with an exploration and production (E&P) business and a leading downhole and subsea well intervention and plugging and abandonment (P&A) service business, i.e., the Well Services business. This combination enables Rooster to operate and manage the entire lifecycle of a well from drilling through abandonment and provides us with a significant advantage in exploiting offshore reserves in our core area of the Gulf of Mexico. Our operations are located in the state waters of Louisiana and the shallow waters of the Gulf of Mexico, mature regions that have produced since 1936.

Our E&P business consists of approximately 41 gross wells capable of producing, some of which are on leases that have been producing since the 1950s. We have several primary term leases for future exploration and our remaining leases are held by production. We believe that the quality of our leases and our field acquisition strategy reduces the development risk and promotes operating efficiencies.

The long-term strategy of Rooster is to increase its oil and gas reserves and production while keeping its finding, development and operating costs low. This strategy is implemented through drilling exploratory and development wells from an inventory of available prospects that have been evaluated for geologic and mechanical risk and future reserve potential. Our drilling program contains some high risk/high reserve potential opportunities as well as some lower risk/lower reserve potential opportunities, in order to attempt to deliver a balanced program of reserve and production growth to enhance shareholder value.

The Well Services business primarily provides P&A services in the Gulf of Mexico with 16 rigless complimentary sets of equipment, "units" or "spreads". A spread generally consists of a pump powered by a diesel engine, wireline units, cement blenders, tanks and assorted tools. Our team includes both E&P engineers (specializing in reservoir, drilling, completion, and construction) and P&A engineers (specializing in well plug and abandonment). The combined expertise of our engineers allows the Company to provide its customers with extensive technical support, exceptional safety performance and high quality customer service. Customers include many of the largest operators in the Gulf of Mexico.

In addition to working for third party customers, the Well Services business is strategic to our E&P business, as we are able to utilize the Well Services assets and employees to evaluate and acquire mature fields with exploitable upside for minimal costs. Through the utilization of our in-house P&A expertise, we are able to cost effectively manage our own asset retirement liabilities. The result of our combined businesses truly allows for a "Cradle to Grave" asset management model with enhanced efficiencies and hence profitability and value.

Rooster Energy Ltd. is a British Columbia corporation, engaged in the oil and gas exploration business through its wholly owned subsidiaries.

Rooster Energy, LLC, a Louisiana limited liability company, is the sole member of Rooster Oil & Gas, LLC, and Rooster Petroleum, LLC.

Rooster Oil & Gas, LLC, a Delaware limited liability company, owns interest in various oil and gas properties as does its affiliates, Probe Resources US Ltd., a Nevada corporation, and Cochon Properties, LLC, a Louisiana limited liability company.

Rooster Petroleum, LLC, a Delaware limited liability company, does not own any oil and gas properties but operates and manages the properties and business of its affiliates.

Morrison Well Services, LLC, a Delaware limited liability company, provides oil and gas well intervention services, including well plug and abandonment, with its 16 rig-less wireline units or spreads.

Prior to April 27, 2012, Rooster Energy Ltd. was known as Probe Resources Ltd. The name change reflects the change in direction and management resulting from the reverse takeover in a transaction effective April 30, 2012.

Operations

Rooster Energy Ltd., through its wholly owned subsidiaries, operates oil and gas leases and conducts well service intervention and plugging abandonment services.

 

Company NameRooster Energy Ltd
Business CategoryOil & Gas
Address16285 Park Ten Place
Suite 120
Houston
Texas
United States
ZIP: 77084
PresidentChester F. Morrison, Jr
Year Established2012
EmployeesNA
MembershipsNA
Hours of OperationNA
Company Services
  • Oil
  • Energy
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NamePositionContact DetailsSubscribe to view
***Chester F. Morrison, JrLocked content
***Director, Chief Executive Officer and PresidentLocked content
***DirectorLocked content
***Chief Executive Officer and PresidentLocked content
***Chief Financial OfficerLocked content
***Senior Vice President – OperationsLocked content
***Senior Vice President, General Counsel and SecretaryLocked content
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