TLG Energy (TLGE) was formed to invest equity capital and resources in oilfield services and upstream oil and gas assets. The business mission of TLGE is focused on crude oil production and services, specifically in the Permian Basin and Eagle Ford Basin (Texas). Currently, TLGE is investing in long-lived, marginal crude production, levering that against the proven, developed reserves of the asset, seeking an acceptable return on invested capital over a five to seven year horizon. Our investment approach also includes taking a position through non-operated working interests as well as royalty and overriding royalty interests.
We focus on acquiring properties that provide cash flow potential from existing wells. Then, we focus on improving the value of these properties by applying proven, geological, engineering and mechanical rework strategies. These include simple engineering techniques, mechanical upgrades and maintenance. Finally, we employ secondary and tertiary recovery methods; and accessing behind-the-pipe reserves from existing wellbores.
We propose developmental drilling that is concentrated in fields that have proven, documented histories of oil and gas production and that are aligned with current rework strategies with known, producing wells. These specific work activities are designed to develop new areas of opportunity and often work to counter natural declines in existing properties.
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