Velandera Energy
#1 exploration and production company in North Louisiana
Company overview
#1 focus is safety
Liquid rich - 80% of revenue
#1 focus is safety
700+ boepd
Liquid rich - 80% of revenue
#1 focus is safety
Liquid rich - 80% of revenue
Liquid rich - 80% of revenue
Liquid rich - 80% of revenue
#1 in Smackover shale
14 unconventional wells
Liquid rich - 80% of revenue
14 unconventional wells
14 unconventional wells
14 unconventional wells
25,000 net acres
14 unconventional wells
14 unconventional wells
State of the art UltraFab unit
Strategy
Remain debt free
Unlike most oil and gas companies that are debt laden, Velandera operates virtually debt free. This allows the company to ride commodity cycles, and make investment decisions even in down cycles.
20 drilling sites with PV-10 of $85 million
The Company's geophysical team and land department have identified 20 drilling locations within the core area with access to seismic data.
Capital efficient program
Velandera's efficient drilling program has reduced drilling and completion cost per well from $19+ million in 2013 to sub-$5 million today
Substantial gathering and processing infrastructure
Velandera has long term gathering and processing agreement with ETC Texas Pipeline, an affiliate of Energy Transfer Partners. Under this agreement, ETC facility is located at the Company's site, and allows access to major marketing hubs for the company's products.
Prolific geology economic at sub-$50 oil
Smackover shale in North Louisiana is home to prolific reservoirs. 215 million boe net recoverable resources, economic at sub-$50 WTI prices
Our Partners
Company priorities
Community commitment
Sustainable development
Sustainable development
Proud of its Louisiana and Texas roots, we are committed to our local community, environment and families
Sustainable development
Sustainable development
Sustainable development
Velandera believes in working in harmony with the nature, and in sustainable development. Environment matters are top priorities for the company
Safety and compliance
Sustainable development
Safety and compliance
We are proud to report zero workplace or environmental incidents, and have a 100% safety and compliance track record
Moral values
Scientific approach
Safety and compliance
We hold ourselves to high moral standards, and will never compromise our values, even though we are a for-profit company
Scientific approach
Scientific approach
Scientific approach
We make decisions based on science and technology. We invest in science, geo-science and data in our daily evaluations
Employer of choice
Scientific approach
Scientific approach
We desire to be an employer of choice and proudly offer comprehensive benefits, learning opportunities and work-life balance to retain team members