Mr. Morgan has owned and operated an Oil & Gas operating company Success Oil Co., Inc. since 1990. Success Oil Co. was formed in 1990, and is headed by Jeru L. Morgan. Success Oil Co. is an Oil & Gas Operating Company registered with the Rail Road Commission in the State of Texas. The Company has operated 121 wells in Luling, TX, located in Caldwell County. In addition, Success Oil Co. is also a drilling contractor on a turnkey basis.
Success Oil Co. is an innovative organization that acquires leases that have "Proven Undeveloped Reserves" in the State of Texas. By using proven track records in various leases, they are able to acquire new leases & reserves, while minimizing the stakeholders' risks.
Mr. Morgan is intimately familiar with the geology and drilling idiosyncrasies of BOI’s target area and has numerous working relationships with area drillers, pumpers, geologists, etc. As a partner Success Oil will be invaluable in terms of special projects, strategic relationships including availability of critical equipment and reliable labor.
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