MPG Petroleum, Inc.

MPG Petroleum, Inc. is an independent oil and gas exploration company that creates and develops the drilling ventures which are presented on the following “Prospects” pages. Through its core of highly talented, educated and seasoned geological and geophysical colleagues, MPG Petroleum, Inc. “Prospects” are generated, interpreted and mapped out with the highest degree of skill, utilizing the newest geological interpretive technology available. This combination of skill and technology are typically found only within the exploration departments of major oil and gas companies. However, through it’s association with the University of Texas “Bureau of Economic Geology”, MPG Petroleum, Inc. has formed a collaboration which marries the best ‘think-tank’ in oil and gas academics to seasoned oil and gas professionals who are directly generating and implementing oil and gas exploration and drilling ventures.

Mission Statement:

“Fueling the Future" is our mission because we are determined to help decrease U.S. energy dependence on foreign oil hrough the development of domestic oil and gas reserves. Our nation is in crisis because terrorism constantly threatens access to Middle Eastern sources. The current state of the world and U.S. economy have raised competition for dwindling OPEC oil which has led to the recent $ 150 per barrel spike in oil prices. China’s booming economy and enormous wealth place them in a position to be able and willing to pay the going price. In short, the United States economy and strategic security is at risk. We as a nation must recognize these risks and do something about it. It is the highest calling of the oil and gas industry to explore for and develop domestic oil and gas reserves as efficiently as possible. It is the responsibility of the U.S. government to make sure we have the political environment and capital incentives which help accomplish these objectives.

Current Projects:

MPG Petroleum, Inc. continually has in development a diversified portfolio of oil and gas drilling prospects that range in size and risk. For example, our “Pearl Prospect” is a wildcat, exploratory prospect that targets world-class size reserves. MPG is involved also in lower-risked, re-entry projects within known fields of production, such as our Re-Entry and Stimulation - No. 1 Winters-Modesett Prospect .  Through this diverse portfolio, MPG Petroleum, Inc. can provide an opportunity tailored specifically to the particular requirements of an individual or industry partner. 

Click on the “Prospects” button at the top of this page for an informative introduction to the prospects. Yet more specific information is available upon request by filling in the Pass Code Request Form located at the bottom of the Prospects page. Thank you in advance for your time spent in review.

 

Why Should You Be Interested in Oil and Gas?

• Crude oil and natural gas prices are 300 % higher compared to the past 20 years, on average. This is not likely to change, other than up-wards because the global economics in place simply demand it.

• Investment in oil and gas drilling and development offers excellent tax incentives. Intangible drilling cost (IDC's) are entirely deductible in the year incurred and they can comprise 65 - 85% of the total cost of a drilling project.

• Participation in Oil and Gas Exploration and Production provides excellent diversification as part of an investment portfolio that may be heavily weighted in real estate and stocks.