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Company Overview
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 New Century Energy Corp, headquartered in Houston, TX, is an independent oil and gas exploration and production company, with daily net production to its working interest of approximately 750 barrels of oil per day (Bopd) and 1.950 million cubic feet of gas per day (Mcfgpd). The Company's proved reserves as of December 31, 2007 are 1,613,000 barrels of crude oil and 3.0 billion cubic feet (Bcf) of gas. The Company's major areas of operations are located onshore United States, primarily in Matagorda, McMullen, Goliad and Wharton Counties in Texas.
During 2007, The Company's proved oil reserves increased by over 88% due primarily to drilling success of new oil reserves in the Mustang Creek Field area in McMullen County, Texas and favorable well performance. Proved developed oil reserves now equal 1.3 million barrels, and comprise 80% of the Company's 1.6 million barrels of total proved oil reserves.
The Company currently has approximately 20,700 gross acres and 19,000 net acres of oil and gas leaseholds on shore in Texas..
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Our new address is:
1770 St. James Place, Suite 380
Houston, Texas 77056
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Field Operations Photographs
Please click on Previous and Next arrows to view photographs.
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View Other Field Operations Photographs |
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Current Projects
McMullen County, Texas
Mustang Creek Field
Wishbone Field Field
San Miguel Creek Field
Wharton County, Texas
Tenna Field
Jim Hogg County, Texas
Pardo Field
Goliad, Texas
Lewis #1 Wilcox Field
Goliad Drilling Program
Matagorda County, Texas
South Sargent Field |
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 Delayed quote data View NYMEX
| Last Trade: |
0.57 |
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| Trade Time: |
Jul 3 |
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| Change: |
0.07 (14.00%)
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| Prev Close: |
0.50 |
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| Open: |
0.48
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| Bid: |
0.55 x 2500
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| Ask: |
0.56 x 2500
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| 1y Target Est: |
N/A
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| Day's Range: |
0.47 - 0.58
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| 52wk Range: |
0.02 - 0.70 |
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| Volume: |
516,633
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| Avg Vol (3m): |
337,192
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| Market Cap: |
31.93M
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| P/E (ttm): |
N/A |
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| EPS (ttm): |
-0.31
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| Div & Yield: |
N/A (N/A) |
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Current NYMEX oil & gas prices
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June 12, 2008 |
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New Century Energy Corp. Announces New Oil Discovery. HOUSTON, TX--(Business Wire)--June 12, 2008--New Century Energy Corp. (OTCBB:NCEY) announces another new oil discovery resulting from its ongoing drilling program in McMullen County, Texas.
The Company is pleased to report its recent success and positive results from its newest oil completion in the San Miguel Creek Field, in McMullen County, Texas. The Rabke-Maspero Unit #4 well, was recently completed in the Wright Sand at a depth of 5,550 feet and has been flowing continuously over the past week at rates in excess of 85 barrels of oil per day (BOPD) on a 9/64” choke with flowing tubing pressure of 545 pounds per square inch. “We own 100% of the working interest in this well through our subsidiary Gulf Coast Oil Corporation. In addition to this completion in the Wright Sand, ...Click here to read full release
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May 20, 2008 |
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New Century Energy Corp. Announced Record Operational and Financial Results. HOUSTON, TX--(Business Wire)--May 20, 2008--New Century Energy Corp. (OTCBB:NCEY) announced record financial and operational results for the three months ending March 31, 2008. Edward DeStefano, the Company’s CEO, stated, “The strong first quarter results are a direct result of our continuing success in our drilling program in McMullen County, Texas. We are maintaining high production levels into the second quarter and during April we also completed a new oil well in Wharton County making 80 BOPD.” - NCEY’s first-quarter revenue was $5.9 million for the three months ending March 31, 2008, a 100% increase from $3.0 million for the first three months of the prior year; - Total net oil production for the three months ended March 31, 2008 was ...Click here to read full release
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April 07, 2008 |
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New Century Energy Corp. Announces 2007 Operational and Financial Results. HOUSTON, TX--(Marketwire)--April 07, 2008--New Century Energy Corp. (OTCBB:NCEY) announced financial and operational results for the year ending December 31, 2007. Oil and gas revenue equaled $13.6 million for the twelve months ending December 31, 2007, compared to $14.9 million in the prior year, a decrease of 8% compared to 2006; Total net oil production for the year ended December 31, 2007 was 146,579 barrels of oil on company operated properties;...Click here to read full release
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Sept 27, 2007 |
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New Century Energy Corp. Announces New Oil Discovery. HOUSTON, TX--(Marketwire)--September 27, 2007--New Century Energy Corp. (OTCBB:NCEY) announces another new oil discovery resulting from its ongoing drilling program in McMullen County, Texas.
Edward DeStefano, the Company’s CEO, stated, “We are very excited about the positive results from our newest oil well the Swaim Unit 58-#2, in McMullen County, Texas, which was completed int he Wilcox Wales sand at a depth of 5,250 feet. The Swaim 58-#2 well, our most recent completion has been flowing continuously over the past week, at a rate in excess of”...Click here to read full release
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