Fifteen Year History of Consistent, Profitable Growth
Steve Pfeifer founded PO&G in 1999 at the bottom of the multi-year energy down-cycle with the belief that the severe negative consensus view at that time and limited industry investment would lead to limited oil supply growth, and ultimately significantly higher oil prices. The company screened hundreds of oil and gas properties being offered for divestment to construct a portfolio of legacy, long-life assets, many of which continue to provide meaningful cash flow to fund future growth.
From 1999 to 2004, the company focused on the acquisition of interests in properties that were operated by others.
In 2004, PO&G purchased its first operated properties consisting of legacy Shell and Mobil assets located in West Texas.
In 2006, the company expanded its operating footprint with the acquisition of a legacy Cities Service oil field located in East Texas.
In 2008, PO&G acquired the first of several properties located in Ward and Pecos Counties, West Texas. Subsequent acquisitions, leasing, and development drilling have grown our West Texas division to represent our largest operating area.
Through a series of producing property acquisitions, PO&G established operations in Mississippi (2008), Kansas (2014), and Oklahoma (2014).