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United American Petroleum Corp. (UAPC)

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United American Petroleum Corp. is an exploration company engaged in the acquisition, exploration, development and production of oil and gas properties. Our principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. Our primary focus is to develop our properties that have potential for near-term production. We also provide operational expertise for several third-party well owners out of our operation base in Austin, Texas. We currently have proved reserves in the State of Texas.


United American Petroleum Corp.
9600 Great Hills Trail
Suite 150W
Austin, TX 78759
United States
Phone: 512-852-7888
Fax: 512-852-7889

Website: http://www.unitedamericanpetroleum.com


Texas Operations

United is presently providing operational services for numerous oil and gas leaseholders in 15 Counties Statewide, covering almost 8,000 acres, containing 250 existing wellbores with many offset drilling locations identified.

Including Lavaca, Frio, Gonzales, Caldwell, Jackson, La Salle, Pecos Bastrop, Erath, Parker, Shackelford, Pecos, Lockhart, Victoria, Duval, Medina, Wilbarger, Navarro, Archer and Victoria counties. We are exploring opportunities to increase both the size and locations of our operations portfolio.

With our years of experience in the region, we pride ourselves on our ability to perform any duty needed in the oil field, including, but not limited to:

  • Landman
    Title and leasing
    Lease work
    Pumping and gauging
    Geology and geophysics
    Reserve estimates
    Overseeing work-overs
    Re-entries and drilling

We can also perform enhanced recovery such as water floods and gas injection and a wide array of other industry specific tasks.



                      

                       

   


Properties

The Marcee 1 Interest. We own a 100% working interest and operating interest in the Marcee 1 Tract, which is located in the Eagle Ford Shale formation on approximately 112 acres of land in Gonzalez County, Texas (“Marcee 1 Tract”). We currently have one non-producing well and enough space to further offset wells if it is determined they will be profitable.


The Eagle Ford Shale formation in South Texas runs from the US-Mexico border north of Laredo in a narrow band extending northeast for several hundred miles to just north of Houston. It is located directly below the Austin Chalk. The average thickness of the Eagle Ford Shale is about 475 feet. The formation produces both natural gas and oil, but we believe the oil-producing and gas condensate areas are most attractive at this time.

The Lozano Interest. We own a 100% working interest and operating interest in the Hector Lozano Tract, which is located on approximately 110 acres, located in Frio County, Texas (“Lozano Tract”). The Lozano Tract is a producing asset with three wells with proven reserves. The production from the Lozano wells is mature and we believe the wells are likely to continue to produce with slow decline for the foreseeable future. All three wells produced an average of 3.5 barrels of oil per day during 2013. Historically these wells have produced a total of 5-12 barrels of oil
per day.

The Lozano Tractlies in the Western Gulf province, an area that covers 116,599 sq. mi., allowing extensive data on several hundred thousand oil and gas wells. So far, 2,518 significant oil and gas fields comprising 3,883 reservoirs have been discovered in the region.

For the past 20 years, the oil industry has had huge success in the county due to oil-extraction technology that permits horizontal drilling extending the primary producing formations such as the Olmos B and Olmos D sands, which range in depth from 3,100 feet to 3,600 feet. The Austin Chalk, Navarro and Anacacho formations are also abundant in the area.

Nearby the Lozano Tract, the untapped reserves in the region have been demonstrated by the Kinder Morgan-operated Yates Oil Field, which has yielded over 1.4 billion barrels and is expected to produce a further 1 billion barrels. Also nearby are the plays of the Bigfoot (6miles) and Pearsall fields.

The Western Gulf Province is divided into 48 hydrocarbon plays; 3 plays in the Jurassic, 15 in Cretaceous and 30 plays in Tertiary rocks. All but 3 plays are conventional. The Austin Mid-Dip Oil play was removed from the conventional list and divided into 3 plays (4747, 4748 and 4749) and the oil was assessed as an unconventional resource.

The Welder Interest. We own a 59.61% working interest in the Welder Tract, which is located on approximately 550 acres, located in Duval County, Texas. The Welder Tract has 43 wells. The Welder Tract wells are currently producing an average of 8 barrels per day. We sold part of the Welder Tract in February 2014, after the period covered by this report.


The Walker Smith Interests. We own a 10.43% working interest in the Walker Smith and Walker Smith #21D tracts and a 40.39% working interest in the Walker Smith #22D Tract (hereinafter all three tracts will be referred to as “Walker Smith Interests”) , which are located on approximately 275 acres, located in Wilbarger County, Texas. The Walker Smith wells did not produce economically significant quantities during 2013.

The Merrick Davis Interests. We own a 62.22% working interest in the Merrick Davis #16 and Merrick Davis #17 tracts and a 19.72% working interest in the Merrick Davis tract (hereinafter all three tracts will be referred to as “Merrick Davis Interests”), which are located on approximately 320 acres, located in Shackelford County, Texas. The Merrick Davis Interests has six wells producing an average of 0.6 barrels per day.


The Crouch Interest. We own a 7.00% working interest in the Crouch tract, which is located on approximately 325 acres, located in Erath County, Texas. It has 1 well. The well is not currently producing.

The Lane Heady Interest. We own a 26.52% working interest in the Lane Heady tract, which is located on approximately 557 acres, located in Erath County, Texas. It has 1 non-producing well.

The Bailey, Rogers and Fohn Interests. We own a 65.00% working interest in the Baily, Rogers and Fahn tracts (the “BRF Interests”), which are located on approximately 1000 acres, located in Medina County, Texas. The wells are currently producing an average of 2.3 barrels per day.

The Gabriel and Rosser Interests. On January 28, 2011, we acquired certain oil and gas interests located in Bastrop County, Texas, (“Gabriel Interests”) from Gabriel Rosser, LP (“Gabriel”). The Gabriel Interests include Gabriel’s undivided 50.83% working interest and 39.14% revenue interest in the Gabriel 3, 4, 5, 9, 15, Rosser #2 and #4 and Koi #1 wells. At the time of our acquisition of the Gabriel Interests, all wells were not producing. The Gabriel Interests comprise over 400 acres, with approximately 10 wells that were shut in. As of the date of this report, the Company has performed workover procedures on certain wells in the Gabriel Interests; however, the workover was not successful and there is only marginal production.

The McKenzie State Well Interests. On November 30, 2011, we acquired one hundred percent (100%) of the working interest in the McKenzie State Well No. 1, located in Pecos County, Texas from McKenzie Oil Corp. (“McKenzie”) in exchange for an aggregate cash sum of $550,000 and 50,000 shares of our common stock. The Company has performed workover procedures on certain wells in the McKenzie and production has commenced on one well, which is currently producing an average total of 3.4 barrels per day. In addition to the production from this current zone, several additional horizons (which are productive in the area) have been identified in the McKenzie well, which could be tested and potentially produced in the future.


The McKinney Interests. We own a 7.04% working interest in the McKinney #3B, #5B, #6B and #11B tracts and a 5.40% working interest in the McKinney #4B tract (hereinafter all tracts will be referred to as the “McKinney Interests”). Each tract has one wellbore and our working interest is for the wellbores on each tract. The wellbores are located in Navarro County, Texas. These wells are currently producing an average total of 0.25 barrels per day.

The RP Wilson Interest. We own a 33.33% working interest in the RP Wilson Tract, which is located on approximately 220 acres, located in Erath County, Texas. It does not currently have any producing wells.


Insider Holdings

Michael Carey (Chief Executive Officer and Chief Financial Officer): 6,350,000 Shares

Ryan Hudson (Chief Operating Officer): 6,450,000 Shares
Mighty Falcon Ltd. (5% Shareholder): 6,950,000 Shares



Share Structure

Outstanding Shares: 117,480,955 as of June 30, 2014
Authorized Shares: 750,000,000 as of June 03, 2014



Reserve Report


As of Janurary 1, 2013 we estimate the UAPC net proved reserves to about 68,270 barrels of oil (68.27 MBO) and 29,360 thousand cubic feet of gas (29.36 MMCF). Projected future cash flows show a discounted net present value (NPV10%) of $1,344,510.
 
http://www.sec.gov/Archives/edgar/data/1321516/000121478213000186/ex99-1.htm



Latest News

March 5, 2014
UAPC Files SEC Form 8-K, Completion of Acquisition or Disposition of Assets

August 21, 2013
United American Petroleum Corp. Announces Significant Improvements from Second Quarter Workovers

March 8, 2013
United American Petroleum Secures Funding and Provides Operational Update

October 31, 2012
UPDATE: United American Petroleum Corp. Announces Appointment of Albert Hough and John Whitehead to Its Advisory Board


 


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#9509  Sticky Note StockFalcon's UAPC DD SUMMARY: PLEASE STICKY:---> dazetrader 05/20/16 01:05:40 AM
#9744   mm's buy at ask, you will pay higher TRUSTUNITS1000000 02/23/17 08:46:19 PM
#9743   321M FUNNY TRUSTUNITS1000000 02/23/17 05:45:27 PM
#9742   MAYBE THEY WILL SURPRISE US WITH THE RESERVES, TRUSTUNITS1000000 02/23/17 05:42:48 PM
#9741   GIVE US SOME NEWS TRUSTUNITS1000000 02/23/17 05:41:21 PM
#9740   Reserve Report TRUSTUNITS1000000 02/23/17 05:32:40 PM
#9739   OIL GOING UP TRUSTUNITS1000000 02/23/17 05:26:46 PM
#9738   ASK 0.0014 TRUSTUNITS1000000 02/23/17 05:23:58 PM
#9737   THIS BOARD SHOULD GET BUSY. I KNOW TRUSTUNITS1000000 02/23/17 04:53:49 PM
#9736   imagine 10 @ 31,000,000 each TRUSTUNITS1000000 02/23/17 04:42:21 PM
#9735   this is probably tightly held TRUSTUNITS1000000 02/23/17 04:40:14 PM
#9734   close 0.0011 here she goes ask 0.0014 TRUSTUNITS1000000 02/23/17 04:33:14 PM
#9733   when this sky rockets, investors will say I TRUSTUNITS1000000 02/23/17 03:01:03 PM
#9732   at least the volume shows promise TRUSTUNITS1000000 02/23/17 03:00:01 PM
#9731   321m maybe the debt is a problem TRUSTUNITS1000000 02/23/17 02:23:56 PM
#9730   at least the ask is 0.0011 TRUSTUNITS1000000 02/23/17 02:02:13 PM
#9729   300 on UAPC market maker signal for shares. TRUSTUNITS1000000 02/23/17 02:00:21 PM
#9728   300 mm signal TRUSTUNITS1000000 02/23/17 01:59:30 PM
#9727   someone said they keep the money making properties TRUSTUNITS1000000 02/23/17 01:54:06 PM
#9726   tax losses worth something TRUSTUNITS1000000 02/23/17 01:53:18 PM
#9725   volume good, considering the last few weeks TRUSTUNITS1000000 02/23/17 01:52:17 PM
#9724   they should do mj TRUSTUNITS1000000 02/23/17 01:49:54 PM
#9723   My thought is the crash of crude prices gemstone57 02/23/17 12:51:58 PM
#9722   Unless we get a status report from the gemstone57 02/23/17 12:20:57 PM
#9721   price prediction TRUSTUNITS1000000 02/23/17 12:18:50 PM
#9720   ask still 0.0007, not for long and 0.0011 ask TRUSTUNITS1000000 02/23/17 12:00:41 PM
#9719   Maybe some MoMo today :[ gemstone57 02/23/17 09:15:06 AM
#9718   mm come on TRUSTUNITS1000000 02/22/17 10:29:22 PM
#9717   soon 0.00106 will be 0.016 TRUSTUNITS1000000 02/22/17 10:22:38 PM
#9716   Reserve Report TRUSTUNITS1000000 02/22/17 09:43:16 PM
#9715   10k give us one TRUSTUNITS1000000 02/22/17 09:35:40 PM
#9714   321M TRUSTUNITS1000000 02/22/17 06:54:41 PM
#9713   OIL LOOKING GOOD TRUSTUNITS1000000 02/22/17 06:52:41 PM
#9712   CAN YOU DO IT TRUSTUNITS1000000 02/22/17 06:50:14 PM
#9711   THANKS TRUSTUNITS1000000 02/22/17 06:35:53 PM
#9710   Can't predict the future of the PPS $Pistol Pete$ 02/22/17 06:29:48 PM
#9709   PRICE PREDICTION TRUSTUNITS1000000 02/22/17 06:26:02 PM
#9708   $UAPC 3 Months Chart $Pistol Pete$ 02/22/17 06:22:44 PM
#9707   your opinion of UAPC TRUSTUNITS1000000 02/22/17 06:04:52 PM
#9706   ask 0.0014 mm's playing today TRUSTUNITS1000000 02/22/17 06:03:33 PM
#9705   cool TRUSTUNITS1000000 02/22/17 02:59:12 PM
#9704   Here's an idea...send them a registered letter with gemstone57 02/22/17 02:12:34 PM
#9703   why no high volume 321m TRUSTUNITS1000000 02/22/17 01:41:16 PM
#9702   Thats all we need !!! gemstone57 02/22/17 01:39:47 PM
#9701   the 1700 was a sell TRUSTUNITS1000000 02/22/17 01:23:03 PM
#9700   dump so you can get cash in the bank TRUSTUNITS1000000 02/22/17 01:22:45 PM
#9699   come on management TRUSTUNITS1000000 02/22/17 12:55:02 PM
#9698   sell 1700 we go up TRUSTUNITS1000000 02/22/17 12:22:47 PM
#9697   eyes soon on this 321m TRUSTUNITS1000000 02/22/17 12:11:26 PM
#9696   mm games TRUSTUNITS1000000 02/22/17 12:11:14 PM
#9695   RAISE YOUR BID TRUSTUNITS1000000 02/22/17 11:42:34 AM
PostSubject