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United American Petroleum Corp. (UAPC)

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Last Post: 7/20/2017 10:06:49 PM - Followers: 171 - Board type: Free - Posts Today: 0

 
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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PostSubject
#9509  Sticky Note StockFalcon's UAPC DD SUMMARY: PLEASE STICKY:---> dazetrader 05/20/16 01:05:40 AM
#9985   Additional iHub links for $UAPC DD. dazetrader 07/20/17 10:06:49 PM
#9984   Some DD history for new folk to $UAPC. dazetrader 07/20/17 10:05:32 PM
#9983   likewise, loading the B-O-A-T! dazetrader 07/20/17 10:00:19 PM
#9982   Interesting day... snagged another 770k for the stack rocknroll350 07/15/17 12:27:34 AM
#9981   $UAPC low float sub penny stock with potential dazetrader 07/14/17 01:02:15 PM
#9980   UAPC .0011 some volume $treet Trader 07/14/17 01:01:11 PM
#9979   Its gone dark LouisDesyjr 07/10/17 10:46:55 AM
#9978   $UAPC Low Price Per Share But Looks Anemic. PENNYBUSTER 07/06/17 04:59:36 PM
#9977   Waiting on news gemstone57 06/21/17 01:20:50 PM
#9976   When this breaks fast north Penny Killer 06/21/17 12:38:13 PM
#9975   UAPC .001 going, don't be sleeping here $treet Trader 06/21/17 12:16:18 PM
#9974   This could go to $1.00 per share gemstone57 06/21/17 11:33:07 AM
#9973   UAPC .001 falling next gas and oil RUNNA $treet Trader 06/21/17 10:09:07 AM
#9972   Let's Go $$$$ UAPC gemstone57 06/19/17 09:16:31 AM
#9971   Going to be a beast! rocknroll350 06/17/17 03:14:06 AM
#9970   Definitely a sign!! hopefully this month they'll update sozowned 06/17/17 03:08:18 AM
#9969   The website changed last weekend. I posted this Kelke41 06/16/17 05:12:45 PM
#9968   not sure but I'd say a few weeks gemstone57 06/16/17 04:14:20 PM
#9967   How Recent? $treet Trader 06/16/17 04:02:24 PM
#9966   That's recent gemstone57 06/16/17 03:59:25 PM
#9965   was the website always like this? $treet Trader 06/16/17 03:53:59 PM
#9964   22 weeks in a row the "Rig Count" rises gemstone57 06/16/17 03:14:46 PM
#9963   UAPC .001 up, next gas & oil runner $treet Trader 06/16/17 02:04:16 PM
#9962   UAPC .0008 don't be sleeping here, next gas $treet Trader 06/16/17 01:41:07 PM
#9961   UAPC added some cheapies today, next gas & $treet Trader 06/16/17 01:17:26 PM
#9960   UAPC .001 next gas and oil runner $treet Trader 06/15/17 09:51:14 AM
#9959   When news hits I'll probably wish I had gemstone57 06/14/17 11:34:10 AM
#9958   UAPC .0012 falling $treet Trader 06/14/17 10:52:53 AM
#9957   UAPC .0011 on the move $treet Trader 06/14/17 10:02:54 AM
#9956   UAPC .0011 falling gas and oil play, run $treet Trader 06/13/17 10:40:41 AM
#9955   UAPC .0008 x .0011 gas and oil play, $treet Trader 06/13/17 10:11:21 AM
#9954   If this play comes thru the potential is limitless gemstone57 06/13/17 07:46:29 AM
#9953   I hope so...can't see why they would spend Kelke41 06/12/17 03:20:34 PM
#9952   Good call - Thanks! Go $UAPC ... GMTRADES 06/12/17 02:37:07 PM
#9951   UAPC .0011 gas & oil $treet Trader 06/12/17 10:54:36 AM
#9950   Might be a sign??? Kelke41 06/12/17 09:10:38 AM
#9949   Overdue for a good run you know the sozowned 06/10/17 12:50:09 AM
#9948   UAPC got a starter today nice run coming $treet Trader 06/09/17 03:19:45 PM
#9947   MJ WOULD BE GREAT TRUSTUNITS1000000 06/09/17 01:57:11 PM
#9946   321 M A WHILE BACK, NOT SURE OF TRUSTUNITS1000000 06/09/17 01:56:57 PM
#9945   At this point it's a win win for gemstone57 06/08/17 09:13:54 AM
#9944   Still waiting for a long overdue PR? GMTRADES 06/07/17 10:33:33 PM
#9943   These fracking companies have been reducing their cost Kelke41 06/07/17 05:20:30 PM
#9942   Up 10% today (with negative news)? GMTRADES 06/07/17 05:05:19 PM
#9941   Looks like round two setting up UAPC gemstone57 06/07/17 02:24:08 PM
#9940   2 trades for only 167 shares each. Something..is...up!!! PutYourBigBoyPantsOn 06/05/17 03:34:43 PM
#9939   When I see a PR I'll be buying $$$ gemstone57 06/05/17 12:49:20 PM
#9938   UAPC run starting this week so get in PutYourBigBoyPantsOn 06/05/17 03:26:57 AM
#9937   Yup group..coming...in..because...of low share structure Oil play!!! $UAPC PutYourBigBoyPantsOn 06/05/17 03:20:42 AM
#9936   Run toward 0.0020+ so get it early!!!! Summer..best..time..for..Oil..stocks!!! PutYourBigBoyPantsOn 06/05/17 03:19:34 AM
PostSubject