Allied Resources Profile
Allied Resources, Inc., an independent oil and natural gas producer, engages in the exploration, development, production, and sale of oil and gas derived from properties located in Calhoun and Ritchie counties, West Virginia; and Goliad, Edwards and Jackson counties, Texas.
West Virginia
The company owns varying interests in a total of 145 wells in West Virginia on various leases held by an independent operator. All the wells in which the company has an interest are situated on developed acreage spread approximately 3,400 acres in Ritchie and Calhoun counties. Depth of the producing intervals varies from 1,730 feet to 5,472 feet.
The company’s West Virginia wells are maintained and operated by Allstate Energy Corporation (Allstate), a local operator, under the terms of an operating agreement. Allstate sells the company’s gas production interest in West Virginia to three major purchasers, such as Dominion Field Services, Equitable Resources, and Mountaineer Gas Co. Allstate sells the company’s oil production interest to West Virginia Oil Gathering.
Texas
The company owns varying interests in a total of 10 wells in Texas on 4 leases held by independent operators. All the wells in which the company has an interest are situated on developed acreage spread approximately 2,510 acres in Goliad, Edwards, and Jackson counties. Depth of the producing intervals varies from 7,600 feet to 9,600 feet.
The company owns an interest in the Harper #2 well located within the Ramon Musquiz Survey, A-29, Goliad, Texas from Spanish Moss Energy Company, LLC. The Harper #2 well is operated by Hankey Oil Company (Hankey) and produces oil and gas from the Wilcox formation.
The company owns an interest in the Williams #1 well located within the John Alley Survey, A-3, Jackson County, Texas. The Williams #1 well is operated by Magnum Producing, LP (Magnum) and produces oil and gas from the Wilcox formation.
The company also owns an interest in the Brinkoeter #4 well located within the V. Ramos Survey, A-241, Goliad County, Texas. The Brinkoeter #4 well is operated by Marquee Corporation (Marquee) and produces oil and gas from the Massive formation.
The company’s independent Texas operators (Hankey, Marquee, and Magnum) sell its oil production to certain purchasers, including Gulfmark Energy (Hankey), Shell Trading Company (Magnum) and TEPCCO Crude Oil LP (Marquee). Natural gas and gas condensate is sold to Houston Energy Services Company LLC (Hankey), BML, Inc., and Enterprise Products Partners LP (Winston), Acock Operating Limited (Magnum) and dcpMidstream LP.
Environmental Regulation
The operations of the company’s independent operators are subject to the federal Clean Air Act and state implementing regulations. The operations of the company’s independent operators generate and result in the transportation and disposal of large quantities of produced water and other wastes classified by the U.S. Environmental Protection Agency as ‘non-hazardous solid wastes’. The operations of the company’s independent operators are subject to regulations promulgated by the Occupational Safety and Health Administration regarding worker and work place safety.
History
The company was founded in 1979. It was incorporated in 1979 in West Virginia. The company was formerly known as General Allied Oil and Gas Co and changed its name to Allied Resources, Inc. in 1998.
