Texas Allied Petroleum has been in the business of oil and natural gas exploration since 2005. The company is privately funded and is aggressively building its portfolio of production in Gulf Coast area and the mid-continent region specifically in Kansas, Wyoming, Oklahoma, Louisiana, and the state waters of Texas. With the peaked of the natural gas prices in mid-2008 which resulted in its long and steady decline, the company shifted its focus to oil production for most of 2009. Its current objective is to achieve a 50/50 mix of natural gas and oil production as this will create a more consistent revenue stream.

The key drivers of oil exploration for Texas Allied Petroleum include the price of oil, technology, and the availability of oil field services. The price and the current worldwide proven reserves determine whether a specific exploration project will be economically attractive. The company’s ability to acquire existing production at distressed prices has proven beneficial for their short and long term growth as they focus on fields with significant turnover to increase their ROI. The availability of computers and advances in seismic technology had drastically improved the process of oil exploration. The company makes use of 3-D seismic bright spot technologies to acquire prospects. There had been high success rates using this method against using subsurface geology without this technology. Moreover, the company acquired small working interest positions from large scale drilling projects which significantly decreased the overhead types of their drilling operations.