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Gulf Coast Western was founded in 1970 for the purpose of exploring, developing and acquiring domestic oil and gas reserves, primarily in the Gulf Coast region of the United States. Historically, operations have focused on that area with some activity in Kansas and Oklahoma. With a new generation of leadership and dynamic strategic partners, Gulf Coast Western is also entertaining expansion opportunities in other areas in the United States. Our core exploration and lease acquisition activities are in the oil and gas rich Gulf Coast region where we have access to thousands of acres to be developed in the coming years.

The Obama administration recently released their new budget which provides for a $30 billion dollar tax increase on the nation’s oil and gas producers. The proposed budget will strip from the independent oil and gas producers of America the incentives that provide the investment capital that is needed to explore and produce oil and gas for our country. There are tens of thousands of small and mid-market independent oil and gas producers in America that drill approximately 90% of all oil and gas wells in the United States, providing millions of direct and industry related American jobs. By changing tax laws that provide deductions for intangible drilling costs, completion costs, geological and geophysical expenses and percentage depletion, independent producers would be discouraged from discovering and recovering domestic oil and gas reserves. Without these economic investment incentives, exploration and production of oil and natural gas, as we know it, will drastically decline. Trillions of dollars will be lost, tens of thousands of jobs will be lost, energy costs will increase and our nation’s energy security will be severely threatened. By clicking on the link below and electronically signing the petition, you are asking congress to refuse the repeal of the current tax incentives for domestic oil and gas exploration or to place new taxes and fees on the U.S. Oil and Gas Industry. Thank you for your support.

Oil and Gas Prices

	PRICE	$ CHG	% CHG	TIME
NYMEX Crude Oil ($/bbl)	65.63	-1.10	-1.65	13:29
NYMEX Natural Gas ($/MMBtu)	3.60	-.02	-.41	13:29

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Disclaimer:

A portion of the information provided herein constitutes forward-looking statements. These statements relate to future financial performance or results. You should review this information carefully because it contains Gulf Coast Western’s future expectations, and while Gulf Coast Western believes that it is important to communicate these expectations, this information provides only estimates of future performance or results. Actual performance or results may not meet such expectations and may differ materially. In evaluating these forward-looking statements, you should consider various factors that may cause actual performance or results to differ materially from those expressed in any forward-looking statements contained herein. Although Gulf Coast Western believes that the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, levels of activity, performance, achievements, or events. Moreover, Gulf Coast Western does not assume any responsibility for the accuracy and completeness of such forward-looking statements in the future. Gulf Coast Western does not plan to update any of the forward-looking statements made herein to conform such statements to actual performance or results.