When it comes to striking crude, Tyler, Texas-based Mewbourne Oil and Gas will never be a “me-too” player. While other independents are finding dry holes when it comes to securing more capital to drill and produce, Mewbourne maintains a steady-as-she-goes philosophy that has made the company an independent standout for more than 50 years. Reese Energy Consulting today is studying Mewbourne and the reasons behind its exceptional success. Now age 84, founder Curtis Mewbourne built an E&P that continues to take a long-term view of the business, eschew debt, and work at its own pace to weather every cyclical storm. The strategy has served Mewbourne well. With presences in the Anadarko and Permian basins, Mewbourne has found its sweet spot in New Mexico where it holds 225,000 acres in the Delaware producing up to 100,000 Bbls of oil per day. And don’t think the mega neighbors haven’t taken note. But Mewbourne isn’t interested in selling—not now, not ever. This family-owned E&P plans to stay generational and that’s just how Mr. Mewbourne likes it. So do we.
Posted on October 29, 2019