Operations Veteran Oil Partners


Since inception Veteran has set out to be an independent oil and gas exploration & production operating company not a non-op interest promoter and/or investment group. We generate our own prospects, we lease our own minerals, we direct our own operations, and we manage our own production. We do it with the fewest people possible to generate the greatest amount of economic output possible.

Our 2 keep it simple KEYS to SUCCESS


1. GEOLOGICAL MERIT– We believe an oil company is only as good as its geoscience team, the knowledge they possess in the company’s core area of operations, and their ability to consistently generate quality prospects that will offset well declines and add valuable recoverable reserves to the balance sheet. Veteran’s geo team has more than 40 years’ experience working the various geological formations of the Ft. Worth basin and has proposed more than 400 well locations for a large independent that sold for $3.5 billion in 2001. Our geological capabilities include:

  • 40 years Ft. Worth basin experience
  • 400+ proposed well locations
  • 2 Petra Geological Workstations
  • TGS Oyster contract
  • IHS Production and Scout Ticket data
  • White Star well log database covering 14 counties


2.EXPERIENCED ENGINEERING– We believe the blueprint of a successful oil and gas company begins with understanding how and where to find commercial oil, but places equal importance on understanding how reservoirs work once found, being able to quickly and effectively solve complex problems that may arise and implementing cost effective solutions without compromising wellbore integrity throughout the drilling, completion, and production phase of a project. Veteran has bolstered its internal operations capabilities by recruiting a highly experienced petroleum engineering firm that has drilled and completed over 1,000 horizontal wells throughout major producing basins in the United States. Our operational capabilities include:

  • 100+ years of O&G operations experience in every major producing
  • basin found in the United States
  • 1,000+ horizontal well drilled & completed
  • Worked on wells with 15,000 psig and 28,000 ft. in depth
  • Built careers with Schlumberger, Halliburton, and Mesa Petroleum
  • Vast experience in cased hole and open hole packer completions
  • 1,000’s of wells fracture stimulated throughout the mid-cont. region
  • Commercial salt water disposal well operating experience

View Veteran’s Team of Oil and Gas Experts Geological and Engineering Team

meet the technical team


Veteran Oil Partners’ oil and gas investment strategy is to offset the various risks associated with drilling for hydrocarbons through a combination of practices, but none more important than diversifying investment capital across many drilling prospects. This is the very reason we invite qualified investors to participate in the high-quality prospects we generate, operate, and manage. Typically, we reserve 10%-15% of a project for new partners to fuel company expansion, invest a 10% working interest for our own account, and fund the remaining 75%-80% W.I. of a project with 1st Rights of Refusal interests owned by our existing investment partners. The “3rd for a ¼ industry deal” derived from the wildcatter pioneers’ understanding that drilling for oil was risky business. They knew that the greatest chance for long term success existed when several companies would come together in joint venture to proportionally share the costs & risks associated with drilling a prospect well. To date, even though information gained from past drilling and advancements in exploration, drilling, and completion technology further mitigates the risks of oil exploration, this investment model & strategy continues to be a staple of successful oil companies across the world.

OUR Focus

Veteran Exploration & Production seeks assets that are risk mitigated, generate positive cash flows and that exhibit the potential for future growth through continued development.

Ft. Worth Basin


The Ft. Worth Basin is in the mature state of development with tens of thousands of wells already drilled. Knowing the successes and failures of past drilling can give us an edge in further development. To implement future development and extend existing fields, and find new ones, we have mapped formations and fields on a regional or semi regional basis. When we do this, quite often we can understand why fields exist in the first place. We often see faulting and structure that is directly related to producing formations. Another factor that we try to exploit is shallow reservoirs that were over looked mostly because they were low resistivity plays that looked wet in older vintage electric logs, but, are not. Because they didn’t recognize these pay zones, diagnostic logs were not run over these formations. Most operators now see the benefit of running entire log suites over the entire well. Along with running a mud log, these overlooked formations are now coming to light.

Late Ordovician


Ellenburger Dolomite formations:
Cumulative reserve potential in excess of 100,000 barrels of oil.

The igneous and metamorphic basement rocks are over laid by the Cambro-Ordovician Ellenburger which is a laterally extensive dolomitic formation that is present throughout most of Texas. It contains porosity at many intervals but is most often wet. It is often used to dispose of water generated by other formations. In the Eastern side of the basin, the Viola – Simpson Ordovician formation overlies the Ellenburger. It can also be productive in structurally high positions or certain stratigraphic traps. It is eroded to the west in a line that is orientated NW – SE. (Figure #1) See Ellenburger structure map, Ellenburger production map, Viola structure map.

Middle to Late Mississippian


Mississippian Reef Limestones:
Vertical and deviated drilling. Seismic plays with cumulative reserve potential in excess of 100,000 barrels of oil.

Marble Falls Conglomerate:
Vertical and horizontal drilling programs. 1-2 BCFG reserve potentials.

Atoka Conglomerates:
Vertical drilling. 1 BCFG or 60,000 barrels of oil in potential recoverable reserves.

Forestburg Cherty Conglomerate:
Vertical drilling. Potential of up to 60,000 barrels of oil per well.

Ft. Worth Basin Lower Barnett
Shale Isopach


The Lower Barnett Shale, the main source rock of the hydrocarbons produced in the Ft. Worth Basin, was deposited next. It was deposited in a shallow sea under anoxic conditions. The Barnett thickens eastward and reaches its maximum thickness near the Ouachita over thrust and Muenster arch. Many geochemical studies have been made by Humble Geochemical Services to determine the attributes of the oil produced in the Ft. Worth Basin. Mitchell Energy discovered how to produce the tight formation economically in the early eighties with vertical wells. It was later realized that productivity could be increased by drilling the formation horizontally.
The Forestburg is a tight limestone formation that along with the underlying Viola beneath the Lower Barnett, tend to confine the hydraulic fracs to within the Barnett formation.

The fluvial deltaic Atoka Conglomerates prograde toward the SE where the basin is the deepest. There was a general marine transgression taking place as the younger conglomerates and sandstones were deposited. The fluvial channels are stacked and even though the conglomerates seldom reach 20 feet of thickness, they can have porosities as much as 20 percent and produce up to six BCF of gas from one or two conglomerates. Deltas are seldom identified so it appears that there was mostly a marine wave dominated environment.

The Upper Barnett Shale was deposited after the Forestburg and is similar to the lower Barnett except that it is thinner and sometimes has limestone stringers interstratified with the shale. In the early years of the Barnett development, it was not recognized as a formation to test. Mud log shows helped to determine that it too, was a resource reservoir. It thins significantly to the west.
Several depositional episodes of limestone came next that have local names that are not regionally agreed upon. The lowest limestone is generally called Comyn in the western part of the basin. That name is not used in the eastern side of the basin. The Marble Falls limestone name is used in the eastern side of the basin and is very tight and dense. It is not known to produce in this area but has become a significant resource play on the western side of the basin in and around Jack County.

Middle Pennsylvanian


Multiple Caddo Limestone formations:
Vertical and horizontal drilling. Seismic plays with cumulative reserve potential in excess of 100,000 barrels of oil.

Bryson Sandstones:
Vertical drilling. Potential of 30,000 to 80,000 barrels of oil per well.

Dog Bend Sandstones:
Vertical drilling. Targeting multiple drilling locations with reserves of at least 40,000 to 50,000 barrels of oil per well.

Buttram Sandstones:
Vertical drilling. Targeting multiple drilling locations with reserves of 40,000 to 50,000 barrels of oil per well.

Caddo conglomerates are the next formation to be deposited. They are also fluvial deltaic in nature and usually capped by dense Caddo limestone. Some of these conglomerates or sandstones can reach thicknesses of 150 feet or more under rare circumstances. There appears to have been a major marine regression during this time as deep cut and fill valleys developed with thick amounts of very fine-grained sandstone.

The Caddo limestones that are deposited in the western side of the basin often develop as phylliod algal mounds. This change happens about eight miles east of the Jack – Young County line. This limestone is different from most of the other Caddo limestones in the basin. Porosities can reach in excess of fifteen percent. This Caddo is a marine transgressive limestone that is deposited in a shingle type arrangement getting progressively younger to the west over the Bend Arch and into the Eastern Shelf. Operators are currently drilling horizontally for this formation in the western side of the Ft. Worth Basin and Eastern Shelf.

Although the sediments deposited after the Caddo can collectively be called Strawn, formation names have been given to them. There is quite a variety of lithology ranging from fluvial deltaic sandstone – shale sequences to limestone formations. The Bryson is the most prolific of all of the Strawn formations and is known for its low resistivity pay sandstones. Cores have shown that the formation has primary interstitial shale, very fine grains and sometimes have iron carbonate cement. All of these contribute to the low resistivity of the formation.

Get In Touch

Veteran Oil Partners
1700 Pacific Ave
Suite 250
Dallas, TX 75201
Local: 214.884.3644
Email: info@veteranoilpartners.com

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