Business Development
Enhancing Free Cash Flow and Shareholder Returns through Strategic Acquisitions
At BGTTOil, our ongoing commitment to growth involves a strategic evaluation of acquisitions in the realm of both producing and untapped oil and natural gas properties. Our objective is clear: to expand reserves, bolster production, and optimize cash flow. We channel our focus primarily into potential acquisitions within our existing operating areas and their surroundings. Moreover, our proactive stance leads us to actively consider opportunities in other regions that align seamlessly with our rigorous technical, operational, and financial criteria. This discerning approach ensures that every acquisition we undertake contributes not only to our immediate objectives but also aligns with our broader commitment to sustained operational excellence and enhanced returns for our valued shareholders.
Drilling and Development
Dr.Tony@BGTTOil.com
GEOGRAPHICAL DIVERSITY
- Core area acquisitions – which complement our existing positions in its core Wattenberg Field in Colorado and Delaware Basin in West Texas. We evaluate most acquisition opportunities in our core areas including producing properties with held-by-production leasehold and new primary term leases.
- New basin acquisitions – which are concentrated in areas that align with our technical and commercial strengths; where scale, repeatability and large resource potential offer value-adding growth opportunities. We currently look more closely at liquid–rich property acquisitions. We are not focused on acquisitions of properties that include Enhanced Oil Recovery (“EOR”) projects or properties that are located in the Gulf of Mexico, Gulf Coast, or International plays.
