FieldPoint Petroleum Corporation was founded in 1989 by Ray D. Reaves for the purpose of acquiring, operating, and developing oil and gas properties across the country. Ray began his career with North American Oil and Gas and subsequently purchased an interest in 10 of their wells and formed Bass Petroleum, Inc. Under Ray’s management in the years that followed, Bass Petroleum gained majority control of the 10 original wells and acquired interest in another 60 wells. Bass Petroleum merged with Energy Production Corporation and, as a result, FieldPoint Petroleum Corporation was born.
Today, FieldPoint enjoys varying ownership interests in 480 gross producing wells (96 net) located across Texas, Oklahoma, Wyoming, New Mexico, and Louisiana.
OPERATIONS: Producing Oil & Gas Properties
We operate 19 wells, while independent contractors operate the other wells per standard industry contracts. With non-operated wells, we have a long history with experienced and efficient operators, such as Cimarex, Denbury, EnergyQuest II and Linn, to name a few.
STRATEGY: Expanding Reserves while Increasing Production
We focus on acquiring producing properties with upside potential in addition to exploration opportunities with companies that complement our capabilities.