AEC Oil Company (AEC) is an Oil Company organized and incorporated in the State of Texas. AEC's highly experienced Team of Oil Industry Professionals have over 100 years of Executive, Management, Technical, Drilling and on the job Field Experience. The early Operators only captured 10% to 15% of the Oil in place in the old Oil Wells. There is 85% to 90% of the Oil in place still to be exploited in most older Texas Oil Fields. Radio Metrics, 3D Seismic, with independent Geologist mapping and Geophysicist interpretation, new drilling and completions methods have created more Oil booms to capture the Oil in place in these old Oil Fields and explore the deeper horizons without heave fracking. Opportunities abound in the Oil Industry. The historical prices of WTI BO was $2.50 BO from 1961 to 1973 then increased to $10.00 BO 1973 to 1975. Oil prices continued to increase to $40.00 BO in 1979 then decreased to $20.00 BO by 1987. The price of BO decreased to $8.00 BO November 1987, which cause several Oil Companies to sell their Oil & Gas Leases and wells to those with deep pockets. The price of Oil then increased to $20.00 BO to $25.00 BO through 2003. Oil prices then increased to $40 BO in 2004 and continued to increase to $150.00 BO in 2007 and several large Independent OTC Companies were made. Oil prices then decreased to $30.00 BO in 2009 and increased to $100.00 BO through 2014. Oil then decreased to $29.00 BO in 2015 and is currently $73.44 BO with estimations of $75.00 BO, September 28, 2018. Oil prices change based on the International Markets, which are subject to; increase or decrease at any time. AEC's Management's aggressive plans are to take advantage of AEC's opportunities, the current low development cost and increasing Oil prices to establish AEC as a successful OTC Nasdaq Capital Markets Company without debt, paying cash dividends, maximizing Shareholders value. AEC, Management has entered into a PSA to purchase Production May 8, 2019. AEC's Management requested an operational loan in the Amount of $15MM, June 15, 2019, AEC's Management assumes will close and fund on or before July 15, 2019. AEC's Management further plans to issue AEC's Private Placement Memorandum to Accredited Investors to raise up to $250MM Maximum, following SEC Regulation 505 and 506.
View Top Employees from Aec Oil CompanyWebsite | http://www.aecoil.com |
Revenue | $7 million |
Employees | View employees |
Address | 3601 W Point Dr, Amarillo, Texas 79121, US |
Phone | (214) 546-4520 |
Fax | (888) 600-0391 |
Industry | Energy, Utilities & Waste Treatment General, Energy, Utilities & Waste Treatment |
SIC | SIC Code 13 Companies, SIC Code 131 Companies |
NAICS | NAICS Code 21 Companies, NAICS Code 2111 Companies, NAICS Code 211 Companies, NAICS Code 21112 Companies |
Looking for a particular Aec Oil Company employee's phone or email?
The Aec Oil Company annual revenue was $7 million in 2024.
Aec Oil Company is based in Amarillo, Texas.
The NAICS codes for Aec Oil Company are [21, 2111, 211, 21112].
The SIC codes for Aec Oil Company are [13, 131].