Alliance Petroleum Interests is proud to announce its partnership with Emerald Bay Energy, Inc. on a new well development program. Publically traded on the TSX Venture Exchange (EBY-V), Emerald Bay Energy is an emerging oil and gas producer headquartered in Alberta, Canada with production properties in South Texas. Emerald Bay’s favorable track record is preceded by decades of experience drilling and producing oil and natural gas wells.
“We couldn’t be more thrilled about the relationship we’ve developed with Emerald Bay Energy, and we are excited to partner with them as they expand their land position here in Texas,” says Tara Simpson, CEO of Alliance Petroleum Interests.
The first joint project for Alliance Petroleum Interests and Emerald Bay Energy will be a multiple well infield drilling program in South Texas. Alliance Petroleum Interests previously evaluated the selected location for stringent geological criteria to ensure the financial success of the wells for the company and its new partner. Emerald Bay has experience drilling, operating and reworking approximately 400 wells in the near vicinity.
Commencement on the first project is expected to begin near summer’s end. In the meantime, Alliance Petroleum Interests plans to continue its aggressive expansion campaign by actively acquiring across the Southwest USA while Emerald Bay Energy continues to explore and pursue oil opportunities in both the US and Canada.
About Alliance Petroleum Interests:
Alliance Petroleum Interests is a privately owned and operated oil and gas company based out of Dallas, Texas. API explores, develops and acquires prolific oil and gas reserves primarily in Oklahoma, Texas, Louisiana and Colorado. By partnering with major operators that utilize the latest in drilling technology, Alliance Petroleum Interests dramatically increases the likelihood of drilling productive wells.