Northstar Energy, Inc., is a private corporation that was formed by two experienced oilmen, Larry M. Koonce (President) and Paul M. Esposito (Chief Executive Officer), who each own 50% of the stock in the company. Northstar Energy is an independent producer of oil and gas. Northstar an oil and gas operator in the states of Texas and Louisiana and is the managing entity for all of our programs. In addition Northstar is constantly reworking existing wells and looking for opportunities for the drilling of new wells that meet our high standards. As many people are aware, the oil and gas business can be a risky one, but there are ways to lower the risks involved. We believe that investing in currently producing oil and gas wells or drilling offset wells has a much lower degree of risk than rolling the dice and betting on a wildcat well. When Northstar drills a well, we attempt to minimize drilling risk by drilling a well that offsets existing production. We typically drill in our own proven field, next to our own currently producing wells. There is always risk involved when drilling a well; that's why Northstar employs competent drilling crews, engineers and geologists to ensure that the drilling operations run smoothly. We will only drill when our geologists and petroleum engineers have thoroughly examined the geology and are confident that we will be able to increase production by drilling an offset well. Northstar examines every opportunity to acquire good, producing properties. After targeting a property, we research the well and production history, examine the engineering, and finally, we enter into negotiations with the property owner. We believe that these days a focused independent operator can acquire producing properties and improve payback by reworking wells and reducing administrative overhead and operating costs. What is becoming more available from the major oil companies are non-strategic opportunities which typically have positive cash flow, long life, uphole and behind pipe potential, but are decentralized to the rest of the major oil company's operations. For the current operator, these properties often carry higher operating costs because they may not make the larger company's administrative hurdle rates, but may be good values to smaller companies with less overhead. There are many oil properties available today that present solid cash flows and very realistic opportunities to increase their present daily production rates and overall recoverable reserves. This is achieved through improved maintenance, more efficient employment of oil field personnel and utilization of surface equipment, replacement of down hole equipment and simply better field monitoring and management. Generally, there is a great deal of difference between the day to day operations of a large, major oil company to that of a smaller, leaner independent. Many times, this improvement in efficiency causes an increase in asset value. Northstar Energy is always seeking to acquire quality properties at the most favorable prices and will pursue choice opportunities through a pre-established relationship of professional contacts and already identified properties. Here at Northstar we are working hard for you!

Products & Services
oil, gas