Vega Energy is a privately held independent oil and gas company currently focused on acquiring, optimizing and developing conventional oil and gas properties with re-development and new development opportunities.
Vega Energy operation strategy encourages the sharing of well information amongst colleagues at several major and independent oil companies. This practice has led not only to increases in production, but has also produced an expanded network of industry partners that have accounted for many non-publicized acquisitions. These negotiated purchases have resulted in a discounted purchase price when compared to publicized open auctions. Once acquired, Vega Energy begins developing the assets toward their full potential.
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We place considerable importance on purchasing projects with significant development and workover opportunities. A growing network of industry partners initiates discounted purchase prices when compared to publicized open auctions.
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In pursuit of asset optimization, our team maximizes recoverable and reliable reserve operations. Our commitment to low overhead costs plays a crucial role in making these resources more economical.
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Allowing advancements in technology to drive asset recovery and/or new reserve discovery bring assets to their full potential, enhancing the production and economics of properties through workovers, re-completions, and optimization of secondary and tertiary recovery operations.
Our core area of operation is in the Texas Panhandle where we own and operate hundreds of shallow oil and gas wells and a significant amount of infrastructure including gathering systems, power lines, disposal wells, workover rigs, water trucks, and much more to support our operation. More importantly, we have an exceptional team of employees, vendors, and partners that ensure we conduct a respectful, safe and efficient operation.
Our core area of operation is in the Texas Panhandle where we own and operate hundreds of shallow oil and gas wells and a significant amount of infrastructure including gathering systems, power lines, disposal wells, workover rigs, water trucks, and much more to support our operation. More importantly, we have an exceptional team of employees, vendors, and partners that ensure we operate an inclusive and respectful operation that is not only safe but extremely efficient.
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