Spirit
Energy's primary mission is; "The discovery of new oil and
gas fields containing abundant reserves located in the South
Texas Wilcox Trend in the Counties of Jim Hogg, Zapata, and
adjacent areas, as well as other areas the company deems
commercially feasible."
The
ongoing discovery of new fields repeatedly each year in Texas,
the United States, and worldwide negates news rhetoric that
few remaining major reservoirs of hydrocarbons exist.
Factually,
the objective many of the wells drilled in South Texas from
the 1960's to 2000 targeted one primary zone, especially those
drilled by the majors. However hi-definition logging capabilities
and 21st century completion techniques of co-mingling
zones, and multi-staged fracs (treating and producing several
pay zones at once) have revealed the potential of these bypassed
and undiscovered reservoirs. Spirit's objective is the maximization
of production from the development of drilling prospects containing
these attributes. This objective will be achieved through the
data and resources accumulated and available to Spirit Energy.
It
is has been documented that the majority of the oil and gas
discovered in this country has been found by independent companies,
that are often small and staffed with individuals who have
participated in drilling wells in the particular area and who
customarily may have studied a multitude of electrical logs
from wells drilled in the region. These companies have then
developed their prospects supported by utilizing the most advanced
technology available, which today is HD-3D seismic. Thus, the
independent with sufficient experience and knowledge of a region
may move precisely and expeditiously, unhampered by the excess
baggage of a major oil company, with its huge administrative
costs and committee system of decision making.
We
believe that Spirit's greatest asset, as in most triumphs
of human achievement, is the ability to seek out and build
on the accomplishments of pioneers, but without the restraints
of "the herd mentality". Spirit will accomplish this goal by
propagating "new ideas". The
people associated with Spirit Energy are innovative thinkers.
"Our
direction at Spirit is not to follow in the paths of others,
but to establish new trails for others to follow."
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