The scope of Maverick’s business is to develop, perfect, market and use the best and most economic ultra-short radius horizontal-drilling system on the market. The primary focus is to use the technology for Maverick’s own account and in joint ventures with others to establish oil and gas production and reserves. Secondary, the Company proposes to use the license in a service capacity to other oil and gas companies and always earning an interest in the production and reserves as per it’s license agreement with USR Resources.
Mr. McCabe serves as the President and CEO for Maverick Energy, LTD. He has over forty years of experience in the petroleum industry in executive management, financial and corporate development capacity. He has been an independent investor and operator in oil and gas since 1975. Since 1979 he has devoted his entire efforts to the oil and gas industry. Beginning in 1989, Mr. McCabe devoted his efforts to the development, use and marketing of short radius horizontal drilling technology. Mr. McCabe has been responsible for the development of many novel tools and techniques for short radius horizontal drilling, some of which were patented. Mr. McCabe has worked to acquire, develop and commercially use short radius horizontal drilling technology through companies he helped found, including Horizontal Systems Inc., Directional Drilling Systems, Inc., Sidewinder Tools Corporation, and Vector Drilling Company. Mr. McCabe and Maverick continue to operate 48 wells in the Big Foot Field located in Frio and Atascosa County, Texas where he has drilled over 100 successful producing oil and gas wells.
In 2005 Mr. McCabe formed Diamond Energy Services, LLC, an oil field service and workover rig provider with its base of operations located in Moore, Texas. Diamond currently has over 50 employees and 8 rigs servicing both small and large E&P Companies in South and West Texas.
Since 1979 Mr. McCabe has been an independent oil and gas producer operating in Texas, Oklahoma, Kansas, Illinois, West Virginia, and Canada. Mr. McCabe graduated from Trinity University, San Antonio, Texas in 1967 with a Bachelors of Arts degree. He served as a helicopter pilot in the United States Marine Corps from 1965 through 1972.
Mr. LaPrade is a longtime friend of Mr. McCabe with over 34 years’ experience in the oil and gas business. Since 1990 he has been actively involved in the development and commercialization of Ultra Short Radius Horizontal Drilling. Over the years Mr. LaPrade has planned and supervised the drilling of more than 300 wells worldwide, including the US, Oman, India, Pakistan, Turkey, Gabon, Indonesia, and Myanmar with his company; USR Drilling. He has published numerous articles concerning the capabilities and success of USR Drilling and made presentations before dozens of organizations worldwide concerning its application. He has owned and operated oil and gas properties in Texas, Oklahoma and Kansas comprising more than 100 wells in addition to over 220 wells that he owns non-operated interests in the Mid-Continent region of the USA. Mr. LaPrade and USR Drilling brings an exciting addition to the Maverick team.
Mr. Singh serves as Maverick Energy Group, LTD’s Directional Drilling Supervisor and possesses over 34 years of experience in Oil & Gas Industry with extensive knowledge in single shot to ultra short radius wells, re-entries, correction runs, multi-lateral, medium and long radius horizontal wells. He has experience in Western Canada, México, US, Ecuador, Indonesia, African countries, and Middle East countries, and has drilled in Bakken, Exshaw, Cardium, Viking, Lower Shaunavon, Montney/Doig, Duvernay, Permian, Eagleford, Ellenberger and Barnett formations.
Mr. Singh has served as the Company Representative, Directional Well Planner, and Directional Specialist for USR Drilling since 2007. Since 1981, Mr. Singh has worked for several companies, including Sperry-Sun International Abu Dhabi, Schlumberger D&M Indonesia, Viking International Directional (Turkey), and Matrrix (Canada).
Mr. Singh’s education and training includes Basic Magnetic Survey and Directional/Horizontal Drilling, Baker Hughes Inteq (1995) and Computer Science Software Engineering.
Land Acquisitions and Management – Mr. Teague has been in the Oil and Gas Industry since 1974. He began his career with Pennzoil Producing in their land management department. In 1977, Mr. Teague formed his own company and had as many as 200 “land men” employed at one time. Mr. Teague’s clients included majors such as Exxon, Chevron, Gulf and independents such as El Paso, Anadarko, Carrizo, Chesapeake as well as many others. Mr. Teague has been on the board of directors for the Steeplechase Club of Fort Worth, Bonanza Oil & Gas, United Production, Laguna Oil Partners and the Kappa Sigma Alumni. He’s also an advising member to the Petroleum Club of San Antonio and the Houston & Fort Worth AAPL.
Mr. Morgan is a graduate of Florida State University with a degree in Marketing and Finance. He has developed over $150 million of commercial projects in Florida and co-founded a financial service company that went public on the small cap NASDAQ exchange. In addition, Mr. Morgan developed an energy trading company which was acquired by a larger entity that uses this system to trade energy markets to this day. His knowledge of the capital markets will enhance Watson’s ability to make further acquisitions and potentially increase value.
Ms. Lopez has over fifteen years’ experience with the financial arms of several companies. She has worked in a financial capacity in Tulsa, Oklahoma, San Antonio, Texas and Saint Augustine, Florida with companies such as; Business and Financial Consultants; Maverick Energy Group, Ltd.; and Watson Energy Investments, LLC. She has been Vice President of Marketing and Investor Relations and general corporate affairs for both private and public companies.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.