Texas has enjoyed fame around the globe for its oil production since the turn of the 20th century--January 10, 1901--when the Lucas No. 1 well spewed higher than a hundred feet into Spindletop’s big sky outside Beaumont. This gusher brought the Texas agricultural era into the industrial age, with railroads that meant prosperity for oilmen, as well as farmers and ranchers. Land leases built personal wealth, the local petroleum industry founded many Texas towns, and productive oil fields built oil companies, some of which exist today as multinational conglomerates. *

Recent economics-- oil’s ascent to over $120 per barrel and the international concern about oil supply--have made drilling for oil an increasingly viable activity for Maverick. A few years ago, Maverick possessed the vision to position itself to take advantage of this revenue-rich venture. Today, our well deepenings and workovers, and the resulting oil production, are progressively more economic.