Maverick Energy Group, LTD is focusing growth plans on the use of the technology provided in the USR Resources License Agreement and the associated synergies with USR and Maverick’s continuing operations as a producer and operator. Maverick's access to patented and proprietary horizontal production enhancement technologies facilitate the rapid accumulation of valuable oil and gas assets, while at the same time greatly improving the rate of production and lifetime potential of these properties. Maverick should therefore be able to realize substantial multiples of the original capitalization of the company within a brief period.
A key to our success is a unique convergence of interest. For example, many operators and leaseholders of quality oil and gas properties around the country desire access to our innovative horizontal production technologies, equipment, and trained personnel. In order to get it they are offering generous terms that will allow our group to “farm in,” lease or joint venture their reserves with little or no front-end acquisition expense.
By developing or redeveloping these proven reserves, primarily through the economical installation of horizontally producing wells, we not only earn revenues from service fees and daily production, but in the process, we secure a permanent share of the remaining recoverable reserves in place. In effect, this type of agreement allows Maverick to acquire millions of barrels of oil and gas reserves at a fraction of their true value.
Maverick’s technologies provide an efficient and less expensive alternative to the completion of both new and old wells verses most other enhancement options.