HISTORY
The American Energy Investment Group, Inc., a
privately held company headquartered in Houston,
Texas, was founded in 1980 and was later
incorporated under the laws of the State of
Texas to engage in the development of oil and
natural gas fields in the United States,
primarily in Texas, Louisiana and Mississippi.
The company is debt-free, and is included in
reviews conducted by Dun and Bradstreet.
American Energy is an affiliate of the American
Energy Reserve Consultants, Inc., also a
privately held company which was founded in 1980
and was incorporated in the State of Texas. Both
companies are 100% owned by Robert E. Doyle of
Houston, Texas.
The American Energy Investment Group undertakes
oil and gas technical, financial and management
services for its own account and for its
associates and partners who include individual,
institutional and industry investors and
developers. American Energy staff and
associates consist of highly qualified
professionals with extensive experience in oil
and gas management operations. Our review
committee for the purchase of oil and gas
properties and development drilling programs
includes the expertise of geologists, petroleum
engineers, land representatives, legal
personnel, regulatory, and investment
strategists.
Domestic Operations
In
1980 American Energy formed its first
partnership with Interocean Oil Company of New
York to acquire, develop and operate oil and gas
assets. American Energy initial operations
centered on mature properties located onshore in
the Texas Gulf Coast and West Texas regions. Our
strategy for growth continues to be the
acquisition and development of producing oil and
gas properties as opposed to exploration. We
emphasize improvements such as field extensions,
deeper reservoir drilling, and shallower
recompletions in order to reduce investment
risk, increase both producing rates and
remaining oil and gas reserves thereby
increasing the profitability of the property.
American Energy partners have also been large
end users of oil and natural gas. Continued
operations with natural gas end users such as
utility and cogeneration companies required that
we expand our activities to include onshore
Louisiana and Mississippi. Associates included
Philadelphia Electric Company, Long Island
Lighting, Monsanto Chemical Company and later
Pacific Gas and Electric.
International Operations
American
Energy undertook its first development project
in 1991 in Western Siberia, Russia as an
associate of the Intermaritime Company of
Geneva, Switzerland. One area of initial
activity consisted of designing, negotiating,
and initiating the reworking and re-equipping of
some 600 wells in the Samotlor Field of Western
Siberia which was highly successful, resulting
in an increase in production of about 55,200
barrels of new oil per day. We then undertook
the design and initiation of a 196 well
development drilling program in the
Krapivinskoye Field of Western Siberia.
Additional projects consisted of drilling
horizontal recompletions in older wells in order
to increase both oil rates and reserves. This
was followed by additional development drilling
programs in the Western Siberia and Timan
Pechora Basins. In these programs our partners
were refiners and their share of the produced
oil was shipped to their plants in Western
Europe.
All of our international activity continues to
be focused in the Western Siberia and Timan
Pechora Basins where over 80% of Russia
reserves and production are located. Operations
in Russia began with larger oil companies such
as Nizhnevartovskneftegas (TNK-BP) and
Tomskneftegaz (Yukos). We now work with smaller
companies owned by larger oil firms or much
smaller companies holding production licenses
but having inadequate capital and equipment to
undertake development drilling for which they
are obligated under terms of the license. These
companies include entities such as Kondpetroleum
(TNK-BP), Udmurtneft (TNK-BP) and Komitek (LukOil).
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