FieldPoint Petroleum Corporation (FPPP)

Overview

FieldPoint Petroleum Corporation was involved in the acquisition, exploration, and production of oil and natural gas properties across the United States. It focused on several key areas, including Texas, New Mexico, Oklahoma, and Louisiana, with significant properties such as Block A-49, Spraberry Trend, and Serbin Field in Texas; Sulimar Field in New Mexico; West Allen Field in Oklahoma; and Longwood Field in Louisiana. Based in Austin, Texas, FieldPoint Petroleum Corporation was an active player in the energy sector until it filed a voluntary petition for Liquidation under Chapter 7 in the US Bankruptcy Court for the Western District of Texas on June 24, 2020. This move marked the end of its operations and its dissolution as a corporate entity.

Products and Services

• Acquisition of Oil and Natural Gas Properties

FieldPoint Petroleum Corporation specialized in acquiring promising oil and natural gas properties. This foundational aspect of their business involved identifying, evaluating, and purchasing assets with the potential for significant hydrocarbon deposits, thereby expanding their portfolio and resource base.

• Exploration Activities

The company engaged in exploration activities aimed at discovering new oil and natural gas reserves. Through geological and geophysical analysis, as well as exploratory drilling, FieldPoint aimed to uncover and quantify untapped resources, contributing to the company's growth and the energy market's supply.

• Production of Oil and Natural Gas

At the core of FieldPoint Petroleum Corporation's operations was the production of oil and natural gas. Once reserves were discovered and evaluated, the company developed and deployed the necessary infrastructure and technology to extract these natural resources. This involved the management of drilling operations, well completion, and the ongoing optimization of production to ensure the efficient and responsible exploitation of their property rights.