Pilgrim Petroleum Corporation

Pilgrim Petroleum is a Texas based oil and gas exploration and development (E&D) company with domestic producing crude oil and natural gas properties. The company has positioned itself and its shareholders to take advantage of the supply needs in the energy sector by providing domestically produced resources. We currently hold crude oil and natural gas reserves with the majority of acreage in shallow formation fields for low cost exploration, drilling and production. The company’s management and operational team have extensive oil and gas industry expertise as well as capital market experience. Our combined strengths allow the company to run at maximum efficiency while exploiting the full potential of our properties to maximize production.

Our Contribution

According to the U.S. Dept. of Energy, the use of these technologies by independent domestic producers will add an estimated 2 Billion Barrels to U.S. production over a 20 year span. It is estimated that by the year 2015, nearly one-half of the gas produced in the U.S. is projected to come from low-permeability and other unconventional reservoirs.

Our Goals

Increase oil and gas production by reworking existing new fields. (We have recently identified immediate zones for completion based on strong log data)

Focus on maximum development of existing fields in core areas.

Increase our probable and proven reserve estimates through acquisitions and development of new properties.

Utilization of innovative, cost-effective technologies to enhance production.

Use modern technologies such as 3-D seismic to reveal untapped reservoirs.

New ventures to increase value, where most don’t look anymore.

Commitment to our vision.
Commitment to our shareholders.

Oil and Gas Industry
Focus on mature oil fields that have "proven" unrecovered reserves of 50% to 70% of the original oil in place. These fields typically will have lost sufficient reservoir pressure to drive the oil through the rock and sand and into the wellbores of the producing wells.

Our Strategy

Continue to engage in drilling programs for rework of the over 90 well bores on the company’s properties in North and West Texas.

Maintain a low-cost operations environment.

Form strategic alliances with other operators to pool their respective experience and strengths on development.

Continue to build a strong investor base by assembling and offering low-moderaterisk recompletion and in-field drilling opportunities for development of proven reserves.

Quickly increase our proved reserves and develop new prospects.

Focus on acquiring low to medium risk re-completion targets and producing companies.

Email: Info@bpetroleum.com
Phone:(972) 381 0400
Fax (972) 381 0401