When Gulf Coast Western was established in 1970, it operated as a small oil and gas company with reserves concentrated in Louisiana and Texas. The company’s founder built it on the premise of developing domestic resources in areas known for their geological richness. Over time, that foundation supported a much larger enterprise one that now extracts oil and gas across six states and manages operations through a web of joint ventures and strategic partnerships.
Acquisitions That Shaped the Company
Two acquisitions in 2016 marked turning points for Gulf Coast Western. The company purchased a 50 percent working interest in Northcote Energy Ltd., which expanded and accelerated Northcote’s drilling operations. That deal included a 50 percent working interest in the Lutcher Moore well, saltwater disposal assets, and interests in four wells drilled in Cockfield and Oligocene Frio formations, along with a 25 percent stake in wells at the Wilcox formation. Separately, through its subsidiary Orbit Gulf Coast Exploration LLC, Gulf Coast Western purchased all assets of Orbit Energy Partners LLC, including proprietary rights to 100 square miles of 3D seismic data in Lafayette, Louisiana. Orbit Gulf Coast Exploration had already taken over Orbit Energy Partners’ production activity in October 2015, making the formal acquisition a natural next step.
A CEO Who Built Two Industries
Matthew Fleeger’s leadership draws on experience well beyond oil and gas. After graduating from Southern Methodist University, he co-founded Palm Beach Tan and Mystic Tan, which have grown into some of the country’s largest indoor and spray tanning operators. He also built MedSolutions Inc. from the ground up, eventually selling it for around $59 million. When he returned to Gulf Coast Western as president and CEO, those years of building, managing, and selling businesses informed an approach centered on transparency, investor confidence, and careful risk management. The result has been a company that clients and partners consistently rate among the most trustworthy in its field. See related link for additional information.
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