Otto Energy (ASX: OEL) — Company Overview, News & Financial Data
Otto Energy is a conventional oil and gas exploration and production company focused on petroleum resources along the United States Gulf Coast.
Otto Energy
Otto Energy is a conventional oil and gas exploration and production company focused on petroleum resources along the United States Gulf Coast. The company maintains non-operated working interests across key producing assets, including the South Marsh Island 71 oil field in the shallow-water Gulf of Mexico, the Lightning gas and condensate field in Matagorda County, Texas, and inland water and deepwater assets in Terrebonne Parish and Green Canyon, Louisiana. Otto Energy generates revenues from crude oil, natural gas, and natural gas liquids production, focusing on cash flow generation, production optimization, and disciplined capital allocation across its North American portfolio.
Snapshot
Operations
Products and/or services of Otto Energy
- Onshore Natural Gas Production: Holds a 37.1 percent working interest and 27.8 percent net revenue interest in an onshore gas and condensate field located in Matagorda County, Texas, delivering natural gas and liquid hydrocarbons from active wells.
- Shallow-Water Crude Oil Production: Holds a 50 percent working interest and 40.6 percent net revenue interest in shallow-water production assets off the Louisiana coast in the Gulf of Mexico, producing crude oil and associated natural gas.
- Deepwater Crude Oil Production: Holds a 16.7 percent working interest and 13.3 percent net revenue interest in deepwater oil assets located off the Louisiana coast in the Gulf of Mexico, producing deepwater crude oil and associated gas.
- Inland Waters Gas and Oil Production: Holds a 30 percent working interest and 22.4 percent net revenue interest in inland water oil and natural gas wells located within Terrebonne Parish, Louisiana, producing crude oil and natural gas liquids.
- Inland Waters Crude Oil Production: Holds a 30 percent working interest and 22.7 percent net revenue interest in additional inland water production wells situated in Terrebonne Parish, Louisiana, delivering net crude oil and natural gas streams.
- Petroleum Exploration and Appraisal: Evaluates and invests in prospective oil and natural gas exploration and appraisal projects across the United States Gulf Coast region, focusing on conventional hydrocarbon reservoirs to expand long-term production reserves.
Otto Energy executive team
- Ms. Julie DunmoreChief Financial Officer
- Mr. Chris DorrosChief Executive Officer
- Mr. Kevin Andrew Small B.Sc.Chief Geophysicist
- Ms. Kaitlin Louise Smith B.Com (Acc), B.Com., CACompany Secretary