| Wilcox
Operating Corporation, was incorporated by
Mark F. Preddy and Betty C. Williams as an oil and gas exploration and
production company in
1983. The firm is headquartered in Shreveport,
Louisiana. Operations are
focused within a manageable geographic locale spanning from South to
East Texas through Louisiana to Southwest Mississippi into
Alabama. Wilcox enjoys excellent
industry relationships with consulting geologists and engineers who
possess a specialized knowledge of each of these areas.
Wilcox Operating Corporation maintains a balanced drilling philosophy. Many prospects are selected in known producing areas that usually have a greater amount of geological information from nearby drilling activity. Quality exploratory acreage is sought through leasing or the acquisition of mineral rights. Strategic acquisitions of producing oil and gas properties are made as well. A leaner management structure enables the firm to react more rapidly to multiple return opportunities than might some larger independents with their higher administrative overhead and slower decision-making process. |
