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Bayou City Exploration, Inc. is engaged in the upstream activities of acquiring, exploring, developing and producing oil and gas.
Based in Houston, Texas, "The Bayou City," our primary focus is proven geologic trends located in onshore Texas and Louisiana. This geographic area has a 75-year track record of significant discoveries that have led to substantial reserve additions.
The Bayou team integrates industry leading 3D seismic image processing and geophysical data processing technologies with expertise proven in more than 30 years of hydrocarbon exploration.
The Company leverages this combination of skill and systematic analysis to accelerate high quality prospect generation based on an extraordinarily thorough understanding of the subsurface that increases the probability of drilling successful wells in known producing fields.
Bayou can now significantly reduce prospect generation times as well as risk (what used to take years, now takes months or even weeks), while simultaneously mimimizing the exploration risk of locating economic oil and gas reserves.
EXTENSIVE POTENTIAL DEVELOPMENT RESERVES AND A RAPIDLY EXPANDING PROJECT PIPELINE
As of the fourth quarter 2007, the Company controlled approximately 69.8 BCF in potential unrisked reserves of natural gas in 12 drillable prospects on its current four projects in the focus area.
By early 2008, the Company anticipates adding 4 to 6 drillable prospects in the focus area to its prospect inventory. Our objective is to quickly develop reserves and increase revenues to drive rapid near-term growth in shareholder value.
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