Our Edge in a Uniquely Attractive Basin
There are tremendous advantages to operating in the shallow waters of the Gulf of Mexico—a reliable source of oil and gas for decades. Arena Energy has a competitive edge in this unique basin.
Recent challenging times have driven many companies away from the Gulf of Mexico Shelf. Yet even after more than 12 billion barrels of oil have been produced in this basin, it remains rich with opportunity for those that persevere. Today’s advanced imaging technology is especially effective here. Three-dimensional seismic data is used reliably for geological interpretations to remap and uncover missed oil accumulations in a hydrocarbon basin where oil accounts for nearly one-third of production. And high production rates provide fast returns on investment.
Our Strategic Advantages
Oil Finding Expertise
Talent can truly set a company apart in the Gulf shelf. Most oil produced here comes from conventional fields with complicated geology, where little prospecting has occurred since oil reached $80 per barrel. That makes oil finding expertise critical for success in the shallow-water Gulf—unlike the manufacturing-type resource plays of North America’s major onshore basins.
“Drill Bit” Growth Strategy
We grow the company by drilling new wells, generating high rates of return through organic value creation. This strategy is ideally suited to a private company with a long-term focus. It also differs significantly from the “asset consolidator” approach of most companies in the Gulf shelf.
Our multidisciplinary team is built to exploit the less obvious and more challenging opportunities that remain in the Gulf. This approach is essential to identifying subtle oil prospects with limited seismic response.
Partnership with Arena Offshore
Arena Energy’s affiliated operating company is one of the most active and respected operators in the Gulf.