The Official TAP Management Blog

The exploration and production of domestic oil is an increasingly important discussion due to our dependence on foreign oil. In recent decades, the United States has discovered that it is capable of producing much more oil and natural gas than originally expected, with Texas emerging as one of the country’s largest assets. Increasing domestic production has the potential to create thousands of jobs in the United States during a period of elevated unemployment.

According to the American Petroleum Institute, the oil and gas industry now supports over 9.2 million American jobs and contributes more than $1 trillion to our national economy – approximately 7.5 percent of our nation’s wealth. In fact, one out of 20 American jobs is supported by the oil and natural gas industry.

Despite efforts to curtail industry growth through increased regulations, domestic oil and gas production has seen a dramatic increase in recent years. In fact, 54 percent of oil consumed in the United States is produced by independent, domestic manufacturers similar to TAP Management Inc.

A new study from the World Economic Forum indicates oil and gas extraction created more than 150,000 jobs in 2011, or approximately 9 percent of all jobs created last year. The opening of federal lands and reduced regulation burdens will result in higher domestic production levels, a further increase in American jobs, and lowered gas prices for consumers.

Such an increase in production would stimulate economic development and yield a more stable oil supply for Americans. Additionally, the increased production will help further the exploration and development of alternative energy resources. In fact, the American Petroleum Institute reports that one out of every five dollars spent on green initiatives comes from investments made by the oil and natural gas industry. In other words, the oil and gas industry is fueling our nation’s green initiatives by investing in alternate energy resources, helping our country achieve energy independence.

TAP Management Inc. has played an avid role in increasing the production of oil and natural gas in Texas, New Mexico, Louisiana, Oklahoma and Wyoming. Since its founding in 2005, the company has utilized three-dimensional seismic technology to develop a successful portfolio of producing assets throughout these regions.  To learn more about TAP Management Inc. and how we are reducing our nation’s dependence on foreign oil through innovative drilling and exploration, visit www.texog.com.

The Environmental Protection Agency recently announced new regulations that require natural gas companies to reduce the emission of smog-forming volatile organic compounds (VOCS) caused from “fracking.” The Clean Air Act, which includes the first federal air standards for hydraulically fractured natural gas wells, requires natural gas companies to utilize “reduced emissions” or “green completion” equipment in their operations.

Green completions occur during the clean-up stage of a well completion. After a well has been fracked, the well bore and formation must be cleaned of debris and fracture fluid. Traditional completion methods include producing the well into an open pit or tank to collect sand, cuttings and reservoir fluids for disposal. Typically, the natural gas that is produced is vented or flared and released into the atmosphere.

Green completion systems capture the gas and condensate caused from hydraulic fracturing flowback, allowing these valuable hydrocarbons to eventually be placed into a pipeline instead of being released into the air. Although the equipment necessary to achieve these reduced emission completions can be a significant investment for some natural gas producers, the process provides a significant cost savings opportunity in the long run.

TAP Management has voluntarily implemented green completion methods for several years. Since its founding in 2005, the TAP Management company mission has been to create jobs for Americans and reduce our nation’s dependence on foreign oil and gas through environmentally sensitive means. By utilizing 3D seismic technology, forced pooling methods and purchasing existing productions, TAP Management has developed a successful portfolio of producing assets throughout the South Texas, Gulf Coast, Rocky Mountain and Mid-Continent regions.

AUSTIN, Texas, Jan. 24, 2012

Horseshoe Gallup

TAP Management is currently in the process of planning a fracture stimulation treatment for a well drilled in the Horseshoe Gallup field in San Juan County, NM. The company is expected to commit to a plan and move forward with the treatment late in the first quarter of 2012.

The Horseshoe Gallup well was drilled to a total depth of just over 1900′ with its main prospective pay zone as the Upper Gallup sandstone. The Upper Gallup was encountered as expected, but oil shows attributable to up-hole Mancos intervals were observed during drilling and warrant further investigation. Test results thus far have been largely inconclusive, and additionalfield development is currently pending post-analysis of the referenced fracture stimulation treatment.

Laramie

Construction of a surface discharge system was recently completed for TAP Management’s Herrick and Parkinson field wells outside of Casper, WY. The surface discharge system is expected to result in lower operating costs and should lead toincreased production capacity for both fields.

Construction of the surface discharge system began in September 2011. The system became fully operational early in 2012, and TAP is currently in the process of completing well work-overs in an attempt to capitalize on the increased production capacity of both fields. Electric submersible pumps have been run in two producing wells in the Herrick field, and electric submersible pumps are expected to be installed in two shut-in wells in the Parkinson field as well. Following completion of prescribed work-overs and monitoring of the surface discharge system performance over the next couple months, TAP hopes to see daily production averages from its three Laramie basin fields double by the middle of the second quarter.

About TAP Management

TAP has been building a portfolio of oil and natural gas production since its founding in November of 2005. It identifies specific targets in oil and gas fields that meet its risk/reward criteria.

TAP began executing this strategy by drilling new gas wells in South Texas using three-dimensional seismic technology. It now employs a broad range of tactics to produce oil and gas including purchasing existing production, utilizing forced pooling, and expanding its use of 3D seismic.

Today, TAP has producing assets in the South Texas, Gulf Coast, Rocky Mountain and Mid-Continent regions.

For more information on TAP Management, Inc. visit www.texog.com

SOURCE TAP Management, Inc.

AUSTIN, Texas, Nov. 11, 2011 /PRNewswire/ — TAP Management (TAP) recently launched a new website dedicated to informing its viewers about the extensive drilling and harvesting process it undergoes in the assimilation of natural gas and oil. From animations to glossaries and videos, TAP Management is providing a wealth of education to its onlookers.

The new design keeps viewers intrigued by providing interactive elements which reveal the in-depth process that each well and its crews are responsible for. The site is also a launching pad to other industry leaders and provides news on the status of oil and gas production around the world.
In addition to the aesthetics, the site provides a centralized location for intelligence on TAP’s operations and how it’s preparing for the expansion that it is facing as a leader in the oil and gas industry.
TAP has been building a portfolio of oil and natural gas production since its founding in November of 2005. It identifies specific targets in oil and gas fields that meet its risk/reward criteria.
TAP began executing this strategy by drilling new gas wells in South Texas using three-dimensional seismic technology. It now employs a broad range of tactics to produce oil and gas including purchasing existing production, utilizing forced pooling, and expanding its use of 3D seismic.
Today, TAP has producing assets in the South Texas Gulf Coast, Rocky Mountain and Mid-Continent regions.
For more information on TAP Management, Inc. visit www.texog.com

SOURCE Tap Management, Inc

AUSTIN, Texas, June 23, 2011 /PRNewswire/ – During the drilling phase of a natural gas well by TAP Management, Inc. on June 9, 2011, it is believed an over-pressured zone was encountered before reaching the intended 5,800’ depth, causing the company to move locations and giving reason to believe a major shallow discovery may be imminent. A promising future drilling project 100 feet from the location, combined with an extra focus on drilling safety could result in a much higher prospective reward than originally anticipated. In-house petroleum engineer Jeff Welber says, “We are currently gathering information, searching for the source, and designing a well that will mitigate risk.”

TAP Management has been building a portfolio of oil and natural gas production since its founding in November of 2005. It identifies specific targets in oil and gas fields that meet its risk/reward criteria.

TAP Management began executing this strategy by drilling new gas wells in South Texas using three-dimensional seismic technology. It now employs a broad range of tactics to produce oil and gas including purchasing existing production, utilizing forced pooling, and expanding its use of 3D seismic.

Today, TAP Management has producing assets in the South Texas, Gulf Coast, Rocky Mountain and Mid-Continent regions. For more information on TAP Management, Inc. visit www.texog.com.

SOURCE TAP Management

AUSTIN, Texas, May 27, 2011 /PRNewswire/ — TAP Management has hired Jeff Welber, a top graduate of the University of Texas Petroleum Engineering program. Mr. Welber will, among other responsibilities, focus on optimizing TAP’s existing and future oil and gas production.

TAP Management, Inc. (TAP) has been building a portfolio of oil and natural gas production since its founding in November of 2005. It identifies specific targets in oil and gas fields that meet its risk/reward criteria. TAP began executing this strategy by drilling new gas wells in South Texas using three-dimensional seismic technology. It now employs a broad range of tactics to produce oil and gas including purchasing existing production, utilizing forced pooling, and expanding its use of 3D seismic.

Today, TAP has producing assets in the South Texas, Gulf Coast, Rocky Mountain and Mid-Continent regions.

SOURCE TAP Management, Inc.

AUSTIN, Texas, April 21, 2011 /PRNewswire/ — The business of Tap Management, Inc is the exploration, development and production of oil and natural gas reserves in the Texas Gulf Coast Area, as well as the mid-continent, and Louisiana state waters. Tap Management, Inc is headquartered in Austin, Texas, and has numerous producing assets in Texas, Kansas, Wyoming, Oklahoma, and Louisiana.

SOURCE TAP Management, Inc.