The Oil & Natural Gas Industry

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Historically, the Company earns revenue and income, and generates cash flows primarily from the sale of natural gas and crude oil at market prices of those products at the time of sale. The Company also generates revenue and income from assembling acreage blocks, and the eventual sale of exploration drilling prospects to industry partners. These prospects are usually developed using 2D and 3D seismic data licensed to the Company and sub-surface geological data.


Trends in energy supply and demand are affected by many factors that are difficult to predict, such as energy prices, U.S. economic growth, advances in technology, changes in weather patterns, and future public policy decisions.
The Energy Information Administration “EIA” of the U.S. Government in it Short-Term Outlook released July 7, 2015 states:


“EIA forecast that Brent crude oil prices will average $60 / barrel in 2015 and $67 / barrel in 2016. Forecast West Texas Intermediate (WTI) crude prices in both 2015 and 2016 will average $5/ barrel less than the Brent price.”


“ EIA estimates total U.S. crude oil production declined by 50,000 barrels per day in May 2015 compared with April. Production is expected to generally continue falling through early 2016 before growth resumes. Projected U.S. crude oil production averages 9.5 million barrels per day in 2015 and 9.3 million barrels per day in 2016.”

 

NCEY Holdings, LLC. Business Strategy for 2015 and Beyond

As a part of our corporate strategy, we expect to remain focused in the following operational and project areas:

  1. Remain focused in the South Texas Gulf Coast onshore region,
  2. And in Clarke Mississippi in the Mississippi Salt Basin, near areas of established Upper and Lower Smackover and Norphlet production.
  3. Maintain a highly experience team of operations and exploration consultants, while using state of the art 3D seismic technology to prepare detailed field geological studies; and
  4. Develop drilling prospects and acquire acreage positions over new drilling areas, for future drilling by the Company or Farm Out to qualified industry partners. In connection with this strategy, new projects are being evaluated in Texas and Mississippi.
 

  Copyright © 2015 NCEY Holdings, LLC.
All Rights Reserved.

 
NCEY Holdings, LLC.
1770 St. James Place, Suite 380
Houston, TX 77056
Phone: 713-266-4344
Email:admin@nceyholdings.com