BĀSA’s operations 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, BĀSA begins developing the assets toward their full potential. This process focuses on the ability to enhance the production and the economics of the properties through workovers, re-completions, and optimization of secondary and tertiary recovery operations including:
- Replacement of worn equipment including rods, tubing, valves, and/or pumps
- Completion of bypassed pay zones
- Re-frac or stimulate using more modern techniques
- Pump changes to right size artificial lift equipment
Tapping into Texas’ Most Reliable Oil Resources
The ability to take advantage of these acquisition and developmental opportunities is largely a result of BĀSA’s experienced employee base and low overhead costs. The average BĀSA employee possesses over 20 years of experience in the oil and gas industry, which has been a driving factor in the reduction of operating expenses and the increase of recoverable reserves. The personnel in the field, working hand in hand with management, can identify and respond to developmental opportunities and operational inefficiencies left by previous operators in order to optimize asset value. In essence, the reserves are made more economical as a result of and the fundamental difference in operations and prioritization between a large company and the leaner independent, such as BĀSA.