Study of MKGP
- 03/29/2022 – initial inspection results show very promising readiness on production
Maverick Energy Group Ltd. Announces Initial Inspection Results of Permian Basin Assets
ST AUGUSTINE, FL / ACCESSWIRE / March 2, 2022 / James McCabe, President and CEO of Maverick Energy Group, Ltd. (OTCMKTS:MKGP) (“Maverick”), an independent oil and gas company, announced today that Maverick has completed an additional onsite review of Maverick’s Permian Basin assets on February 24-26, 2022.
Maverick inspected several of its fields located in Glasscock and Howard County Texas which comprise over 1,280 acres. The production facilities were found to be generally in good condition with electric power to most wells in place. Most of the producing wells appear to only need turning on to begin producing oil. Maverick has a 100 percent working interest ownership in the Glasscock and Howard County Texas leases.
The other Maverick leasehold inspected is in Pecos County, Texas with a combination of producing and injection wells comprising over 10,000 acres. Maverick owns one hundred percent of the working interest in this leasehold with full depth rights. These wells appear to have very good pressure at the wellhead. All production equipment is in place.
Maverick’s offices are suitable for conducting day-to-day operations and were found to contain extensive and well-maintained files and records on all the wells and acquired assets. Maverick is considering adding personnel to oversee the day-to-day administrative operations in the Midland office.
A visit was made to Maverick’s commercial saltwater disposal facility and found to be in excellent condition. The 10-acre site has a disposal capacity of 10,000 barrels per day and has two truck bays to receive water. All equipment is in place, including to recover “skim” oil from salt water before it is disposed. In addition, there is a fresh water well which can provide another source of revenue.
A meeting was held in USR’s Houston office on Saturday February 26th with Maverick’s COO David LaPrade. Extensive discussions were held on Mavericks Permian assets, to include returning all assets to a productive status, insuring all regulatory and title requirements are met, and identifying additional upside potential that can be developed. A member of USR’s technical team will further evaluate Maverick’s assets and recommend additional development efforts.
same news from OTCmarkets
Maverick Energy Group Ltd. Announces Initial Inspection Results of Permian Basin Assets
- 03/29/2022 – some history of CEO of MKGP. Seems like the Sidewinder patents are very important
James W. McCabe, Jr. work history, this might have been posted in the past, I was bored ran across this on the internet. Seems he has fought hard for the Sidewinder patents. Enjoy.
James W. McCabe, Jr.
Work History:
1968-1969 Marine Corp, commissioned 2nd Lt. at graduation.
1972 – Hired by Ross Perot for Dupont upon release from Marine Corp.
1973 – Declined job with Ross Perot
1973 – Independent contractor San Salvador, Purchased and flew
WWII fighter aircraft.
1974 – Tennis Professional, T Bar M I New Braunfels, Texas; April Sound
in Conroe, Texas; Palmetto Dunes in Hilton Head, SC.
1975 – Tennis Professional at Sawgrass Country Club in Pointe Vedra
Beach, Florida
1976-77 – Tennis Professional at the Bolles School and Clayhill Racquet
Club in Jacksonville, Florida
1977-79 – Instructor Pilot for Bell Helicopter International in
Esfahan, Iran.
1979-81 – Founded McCabe Petroleum Corporation, San Antonio, Texas.
1981 – Founded San Anco Engergy Corporation, a public corporation, and
acquired assets of McCabe Petroleum in San Antonio, Texas.
1986 – Acquired effective control of SanAnco Energy Corporation
1988 – Met with principles of Sidewinder Operating Company and acquired
license from Sidewinder to their patented short radium drilling
technology and formed HCM/His with partner James Hughes to
utilize license, Tulsa, OK.
1989 – Off made by Sidewinder to Mr. McCabe and Hughes to acquire
patents, Tulsa, OK.
1990 – Acquired patents to Sidewinder technology with loan from S.G.
Warburg and formed Sidewinder Tools Corporation. Changed name
of HCM/HIS to Directional Drilling Systems, Tulsa, OK.
1990 – Warburg and his associates file a law suite against Mr. McCabe
And Hughes three weeks after closing acquisition, in an effort
to take Control of the ownership in Sidewinder, Tulsa, OK.
1990-94 – Federal litigation over Sidewinder as Mr. McCabe and Hughes
operate under Directioinal Drilling Systems as a horizontal
drilling service company. Tulsa, OK.
1994 – Events bring litigation to a close with both sides releasing all
claims and counterclaims. Amoco found to be an additional party
in the lawsuit. Settlement with Amoco and Mr. McCabe and Hughes
obtain the rights to various patented technologies of Amoco.
Patent to short radius horizontal drilling issued to Maverick
Took Company, owned by Mr. McCabe, for new short radius drilling
tool.
1995 – With Amoco technologies as well as Sidewinder patents change
name of Directional Drilling Systems to Vector Drilling Company.
1996 – Mr. McCabe moves to Naples, Florida and acquires all of Mr.
Hughes interest in Vector Drilling Company and changes name to
Vector Horizontal Resource, LC, Naples, Florida.
1997 – Vector joint ventures with public company, Cronus Corporation.
Cronus asks Mr. McCabe to serve as President of the Company, to
better organize the company, and bring JV oil and gas assets in
Louisiana on line.
1998 – Mr. McCabe resigns as President from Cronos as Louisiana project
is completed. Also, he move Vectors field operation from
Louisiana to Oklahoma.
1999 – Mr. McCabe purchases Nowata, Oklahoma oil field and moves field
office to Nowata, OK, with administrative offices in Naples,
Florida.
2000 – Continues to develop the Nowata oil field, under the Vector
Horizontal Resources.
Education: Graduated, 1963, The Bolles School, Jacksonville, Florida
Graduated, 1967 w/BA, Trinity University, San Antonio, Texas
Also
Global Boulevard International, Inc.
Date: March 27, 2003 GLOBAL BOULEVARD INTERNATIONAL, INC.
By: /s/ James W. McCabe, Jr.
—————————–
James W. McCabe, Jr.,
President, Chief Executive Officer and
Chief Financial Officerry of MKGP CEO
company website: https://maverickeg.com
