Americo Oil Company was formed in 1986 by Som Sengupta(Geologist) and moved from Kansas to Oklahoma in 1989. Som and the Americo staff focuses on Central USA with leases/production in Kansas, Oklahoma, Texas and now North Dakota. Americo is the operator of most of its licenses.
Americo's strategy is to apply proven technologies utilized by the rest of the world that have not yet been applied in their operational areas due to the history of the region. Americo recently announced its intent to exit areas it deems non-core and focus on developing new leases in the south Texas and New Mexico regions.
announced its intent to exit areas it deems non-core and focus on developing
new leases in the south central Oklahoma.
most significant asset is the Bakken Shale Field in North Dakota. This area has
a tight gas and significant oil accumulation that will be developed utilizing
horizontal drilling techniques and multi-stage 'fracing'. Exploration investments
in Europe will focus on the onshore central European and the UK areas. These
areas have seen very little modern exploration.