Cougar Resources, LLC (The Company) was structured to take advantage of the Texas Orphaned Well Program (OWP) administered by the Texas Rail Road Commission. The OWP was enacted by the Texas state legislature in the early 1980’s when the price of crude oil plummeted to $8.00 per bbl and the big oil companies simply couldn’t afford to keep the tens of thousands of wells they were operating on line. Companies like Chevron, EXXON, Mobil as well as hundreds of smaller independent producers “walked away†from individual wells and entire fields leaving behind pump jacks, in ground and above ground piping and in many cases useable storage tanks. The only recourse that the RC had was to retain the$50,000.00 bond that producers are required to post for the first 100 wells they control.
To be clear; these wells that the big players abandoned some twenty five years ago were not “dry holesâ€. Quite the contrary, in fact, the great majority of these wells were producing at the time. We are regularly Selling: oil, natural gas.
BR.TradeHolding.com Tip: We always strongly recommend our members to strictly follow the traditional methods and rules of international trading before going into any deal with any party met over the internet. Such as getting prior company confirmation by phone, fax or by mail besides necessary cross checks done through the related local bodies like banks, chambers of commerce, related trade associations, etc. especially before realizing any money transaction.
Statistics: Companies: 641,400+, Trade Leads: 160,300+, Products: 104,200+, Contacts / Replies: 8,283,400+ There are currently 43703 users online browsing our B2B network. 0:51 GMT, Sunday, December 1, 2024 Privacy Policy Important Notice! TradeHolding.com B2B Network does not provide an escrow service! Any member who asks you to pay for their products by Western Union to an agent of "TradeHolding.com B2B Network" is fraud and should be immediately reported to us. Do not pay anything to any member who states your money will be added to TradeHolding.com safety deposit account!
All Trade Leads / Offers / Products / Company Profiles / Images and other user-posted contents are posted by the user and BR.TradeHolding.com and TradeHolding.com B2B Network shall not be held liable for any such content. However, TradeHolding.com B2B Network respects the intellectual property, copyright, trademark, trade secret or any other personal or proprietary third party rights and expects the same from others. For concerns, please contact us.
Você e a sua Empresa ainda não fazem parte do nosso portal? Registre-SE agora GRATUITAMENTE!
Forgot Password? Or have a Login Problem with your account and Need Help? | Quick Tips
Home -> Company Directory -> Cougar Resources, LLC
How to 
