About Millbrae Energy
Millbrae Energy was founded in 2001 to focus on the acquisition, development, and production of oil and natural gas reserves in the Mid-Continent area of the U.S. During its early years, Millbrae Energy became a leading proponent of using advanced dewatering technologies to produce oil and gas. Since 2007, Millbrae Energy has expanded its focus in the Mid-Continent to include other conventional and unconventional oil and gas projects. We look for projects with a mix of proved production along with ample development potential, generally at shallow to moderate depths, and seek to partner with successful industry participants and operators, as we have done many times in the past. We have assembled a talented team of professionals with decades of industry experience. By embracing a long-term investment perspective, combined with our highly capable technical team and a strong capital position, we believe we can add significant value to our development projects.
Most successful oil and gas companies began by acquiring quality production and proved, undeveloped acreage during periods when prices are low. Rising prices have a positive impact on existing producing properties as virtually all the increased cash flow falls to the bottom line. Moreover, high prices have an equally strong influence on the value of proved, undeveloped locations. The principals of Millbrae have observed this phenomenon over decades and have noted that most capital is deployed at the top of the pricing cycle rather than at the bottom.
The principals of Millbrae have led the process of finding and developing a number of fields in Oklahoma and Texas. For instance, an earlier Millbrae entity found and developed one particular field that is an excellent model for Millbrae’s future development plans. Millbrae learned several important lessons from the development of this field which will serve us well in current development efforts. Timing and preparation are important in developing a field.
The Millbrae management team has over 100 years of combined oil and gas industry expertise. Production enhancement and optimization has always been a priority and will remain a primary focus as properties are purchased and developed. An integral part of production enhancement is controlling lease operating expenses. Millbrae management is skilled in the monitoring and optimization of these lease operating expenses having been “hands-on” operators of hundreds of individual oil and gas wells throughout their careers.