Fortune Oil and Gas is an independent oil and natural gas company engaged in the exploration, development and production of domestic reserves in the Midwest and Gulf Coast states. At the time of the profile its operations were in several counties in Texas and New Mexico, with new development being prepared in Louisiana and Mississippi.
The company owns monthly oil production and oil and gas leases, including leases with proven undeveloped locations and offset drill sites. It uses current infield technologies and analytics to launch drilling, improve production efficiency and reduce the risk of dry holes and downtime, and it serves as the operator on 100% of its proved reserves. Fortune is a registered operator in Kentucky, Oklahoma, Colorado, Louisiana, Texas and New Mexico and has explored or operated over 125 wells since 1994. Its President, Russell L. Vera, has more than 23 years of experience in the industry, and board member Dr. R. Gerald Bailey formerly served as President of Exxon for the Arabian Gulf region.
Private company · Oil and gas