Gulf Coast Western is a business enterprise that is owned and run by a family. It started in the year 1970 in Dallas, Texas. It has stations in Mississippi, Colorado, Texas Louisiana and Oklahoma. The business focuses on development and exploration of oil and gas reserves. It majors in the gulf coast area of the United States. It also invests on assets that have geophysical and geological benefits. Mr. Mathew Fleeger is the CEO and President of Gulf Western. Under his leadership, Gulf western partners with potential companies in the industry. They focus on partnership with high returns and limited risks.
The company recently partnered with the Orbit Gulf Coast Exploration Company. The partnership has enabled it to get property rights. They have the right to use 3D seismic data and access a vast area in Southwestern Louisiana. They have 13 generating wells including 140 drilling stations. They are currently producing about 30 million barrels of the unprocessed well from their wells.
The company also has a profitable agreement with the Warhorse Oil and Gas Company. The motive of the deal is for Gulf Western to control the oil-producing wells in Louisiana. Another rewarding partnership is with the Northcote Energy Company. It has gained 50 percent of the company’s assets. Through this, the Gulf Coast Western has extended its expertise to the Shoats Creek field. The field produces 4 million barrels of oil.
Corporate Social Responsibility
Gulf Coast Western has committed to giving back to society. It has been providing financial and moral support to programs that build communities. Also, it supports the organizations that provide health care opportunities to families.
Honesty and integrity have been significant to the profitability of the company. Sincerity and integrity are great attributes that the company upholds. It has built the most successful and respectful bilateral relationship with its partners.
Many people are joining the entrepreneurship world every day. With the high levels of unemployment and the rising needs, it seems to be the only way to get on that Forbes List. The investment world has however proved not to be a venture for everyone. Some people do not have what it takes to stay in business.
Another big percent of individuals has been sitting on their dreams with the excuse of waiting to acquire capital or accumulate more money for their projects. Vinod Gupta is, however, an exception. When he decided to start his business, he did not let anything block him. Vinod Gupta believed in himself and plunged in with no fear. He never had any capital. He borrowed $100 in a bank and transformed the loan to $680 Million.
Vinod Gupta says that when you are starting a business, you will meet many people who will doubt your idea. You have to believe in your dream and get past all the naysayers. When he first mentioned his idea of composing databases, many people told him that no one would be interested in his products and that he could go broke. He, however, chose to trust his gut and created his products. See This Page for related information.
Taking risks in business is mandatory. However, it is critical that you ensure that you take calculated risks. Vinod says that he is very cautious about where he invests his money. He says that he has to carry out a cost-benefit analysis. He recommends this exercise to all entrepreneurs all over the world especially when they are investing a substantial amount of their money.
Vinod is currently working as the Chief Executive Officer of Everest Group. They purchase companies that may be having financial troubles. Vinod says that they have faced many challenges to get where they are today. Among the challenges they face is buying off a company and not being able to purchase the management. The other common problem is having companies overvalued. Vinod says that he, however, sees this as a way of growing. It helps in understanding how to handle business well and what to look out for when transacting.
Read more about Vinod Gupta on Forbes’ 2018 “World’s Billionaires” list includes Vinod and Anil Rai Gupta.