Who We Are & What We Do
Duncan Oil Properties, Inc.
is a privately-held oil and gas exploration and production company
established in Oklahoma City by J. Walter Duncan Jr. in the late
1950s. The company has been managed since 1993 by J. Walter Duncan
IV, who graduated with honors from the University of Texas with a
Masters of Business Administration degree. The Duncan family
acquired their first Oil and Gas lease in the Illinois Basin over 75
years ago and currently manages Duncan-owned energy interests in 26
states and Canada. Most of the company's operated wells are located
in Western Oklahoma.
Our company's powerful management team
with its 150 years of combined experience is focused on developing
and drilling horizontal prospects in multi-pay areas of Western
Oklahoma. Presently we are concentrated on drilling horizontal wells
with focused targets in the Tonkawa and Cleveland producing intervals,
although we've successfully drilled other horizontal wells in the
Marchand, Skinner and Redfork formations. Because of the multi-pay
nature of the area we work, our strategy is to identify a
high-quality prospect target, drill to evaluate and hold acreage,
then work all the potential horizons to identify additional reserves
and possible expansion of our existing leasehold.
At Duncan
Oil Properties, Inc., we strive to let the opportunities drive the
budget instead of letting the budget drive the opportunities. We
believe the greatest opportunity to create value in our industry is
through the drillbit. Accurate and fair reserve estimates are key to
establishing good development-drilling prospects. We believe the
cycles in the E&P Industry will continue to be deeper and shorter in
duration. In a commodity-based industry there is no substitute for
low development costs. While the majority of E&P companies are now
heavily-leveraged, we continue to believe in a conservative
sustainable balance sheet which will ensure our future growth. We
know this business plan works, as evidenced by our long and
successful history.
Our company is interested in establishing
relationships with qualified investors and partnering with
like-minded energy companies for the purposes of exploring for and
developing oil and gas reserves in the Anadarko and Permian Basins.