Nobody said the oil and gas game was a turkey shoot, OMDA Oil and Gas fights hard to find the black gold. OMDA Oil and Gas operates and leases land and equipment in the exploration for oil and gas. Currently, the company has ongoing operations in Texas and Louisiana, all or in part. The general nature of exploring for oil and gas make the sector an interesting one when investigating it from the outside in. There are many individual “quirks” to gaining legal access and performing the exploration. The company is centered right in the middle of these quirks but is finding progress in moving through the process.
Currently, OMDA Oil and Gas has average participation interests in 47% of 355 producing and non-producing oil and gas wells in Louisiana and Texas, 15% working interest in 800 acres in Texas and a range of between 7.5% and 37.5% interest in back end working interest in 12 wells in Anderson County, TX. The range depends upon circumstance and results.
How the company moves forward depends on several outside forces that it appears to be managing fairly well. Outcomes are predicated on sometime variable factors. This means having a hard information base about where aspects of these outside forces stand, at any one point, is difficult. In difficult circumstances, however, the company is making progress.
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