WW
Energy Inc. is a holding company
that was created to acquire oil and gas related
companies and services. Currently, WW
Energy Inc. has two subsidiaries;
WW
Trucking Inc. and WW
Oil & Gas Inc.
WW
Trucking Inc. was formed in 1999
as a subsidiary of WW Enterprises Inc. in New Mexico
and was subsequently merged with WW
Energy Inc.
WW
Trucking, Inc. is a leading transport
company in the oil field services industry in the
four states of Utah, Colorado, New Mexico and Arizona
( The Four Corners Area).
Existing business operations includes transporting
fresh production water for oil and gas drilling
and exploration and waste water for disposal. The
company also provides services for heavy hauling
of drill and well equipment needed in the oil and
gas production and exploration industry and has
several long-term relationships with the majority
of oil and gas companies in Western New Mexico,
Southern Colorado, Southern Utah, and Northern Arizona.
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The company started
out with 2 water transport trucks in 1999 and has
grown to a fleet of 17 in 2005. Since 2002 the company
has boosted revenue by about a half million dollars
a year and expects to exceed $3 million in revenue
in 2006. The trucking fleet is currently running
at full capacity. Plans for future expansion will
greatly increase both the revenue and profit potential.
The Corporate headquarters is located in Farmington,
New Mexico and houses all the necessary facilities
to keep the fleet running 24 hours a day as well
as conducting all day-to-day corporate functions.
A satellite office is being considered for Southern
Colorado which would add several new trucks and
significantly increase revenues.
WW
Oil & Gas Inc. was formed in
2005 to acquire leases and oil and gas related assets.
Such acquisitions are for the purpose of development,
exploration, and exploitation.
The first lease, in the San Juan
Basin in Northwest New Mexico, has a primary objective
of entering the Jurassic Entrada Sandstone. In the
late 1970’s, the first oil discovery in the
Jurassic Entrada sand dune led to over 2000 miles
of seismic data encompassing over 200 + sand dunes
in the Entrada. According to Vincelette and Chittum
in their AAPG paper entitled “Exploration
for Oil Accumulations in the Entrada Sandstone,
San Juan Basin, New Mexico”, the first well
encountered 24 feet of oil that saturated the Entrada
Sandstone, even though it was not located on the
top of the dune. The nearest Entrada oil production
is 5 miles south in Media field, which has produced
more than 1.1 million barrels of oil from an accumulation
that covers 160 acres of sand dune. The Gallup Sandstone
is also known as an oil bearing zone.
The second and third exploitation
projects in the San Juan Basin in Northwest New
Mexico will test all the following zones: the Menefee
Member of the Mesaverde, the Gallup Sandstone, the
fractured Mancos Shale, the Dakota Sandstone, and
the Entrada Sandstone at 6000 feet. In the late
1970’s, oil was discovered in the Entrada
Sandstone, the Menefee Member of the Mesaverde,
the Gallup Sandstone, the Mancos Shale, and the
Dakota Sandstone. In the early 1980’s, fractures
in the Gallup were discovered when a nearby well
was drilled, and it was tested at a flow rate of
320 barrels of oil an hour.
Comprehensive drill programs are
being developed for full exploitation of these projects.
The San Juan Basin is in Colorado
and New Mexico and is also referred to as part of
the Four Corners Area, which includes the San Juan
Basin, the Paradox Basin, and the Black Mesa Basin.
The San Juan Basin is the third largest gas producing
area in the United States. San Juan oil and gas
wells generate $325 million annually in federal
royalties, half of which goes to New Mexico. ConocoPhillips,
Shell Oil, XTO Energy, Encana and British Petroleum
are among those companies active in the area.
Farmington, New Mexico, where the
headquarters of WW
Energy is located, is the service
center for the area of northwest New Mexico, southwest
Colorado, southeast Utah, and northeast Arizona.
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