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Our Philosophy
Value Added Operator
Camden adds value as an operator in Texas developed from the past experiences of our team of professionals. We add value such as:
- Reputation among landowners and industry as a quality operator
- Realistic AFEs based on recent activity, traditionally lower than industry
- Long term working relationships with service suppliers and field personnel that provide the best chance to keep costs within AFE
- Knowledge of the various operational problems that can surface while drilling and completing in the over-pressured reservoirs of Texas, and more importantly, knowledge of potential solutions to those problems
- Focused effort, when successful, to expeditiously bring production to market
- Efficient and effective operations evidenced by historically low finding and lifting cost
Ready to Drill Prospects
With our operational focus, Camden typically does not generate prospects. We look to participate in high quality prospects where we can operate. Our interest per prospect is usually 25%, but we have other industry partners that can take larger interests if available. We will respond quickly when presented an opportunity. At Camden we like prospects that are:
- Ready to drill
- 3-D supported
- In areas with a good history of production
- Supported by solid technical information
Property Acquisitions with Drilling Upside
Camden is well funded and able to capitalize on acquisition opportunities. Camden will act quickly when presented with an opportunity. At Camden we like acquisitions that have:
- Operations
- Located in our core operational areas
- Additional drilling upside that can add significantly to the value of the opportunity
- Reservoir history and 3-D seismic data as a basis for all reserve estimates
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| © 2006 Camden Resources, Inc. |
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