TransCoastal Corporation is a publically traded (TCEC) oil and gas company headquartered in Dallas, Texas. The Company was formed in August 1998 for the purpose of acquiring producing oil and gas properties primarily in Oklahoma during the periods collapse in oil prices. Since that time, TransCoastal has grown primarily through acquisition of producing properties and developmental drilling opportunities in proved areas. The Company’s growth strategy is centered on the acquisition of mature oil and natural gas properties that possess long-life reserve potential and greater probability for predictable decline curves and lower risk development opportunities.
The Company evaluates acquisitions based on decline profile, reserve file, field cash flow and future development costs. As part of this strategy, the Company continually seeks to optimize its asset portfolio, including divestitures of non-core assets. This allows the Company to redeploy capital into low-risk, long-life and low-decline assets that are better suited to its business strategy. The company seeks to operate its assets so it can develop drilling programs that not only replace production, but add value through reserve growth, production growth and future operational synergies. The development program focuses on low-risk, repeatable drilling opportunities to maintain and/or grow cash flow.