NTE utilizes state-of-the-art oil deposit identification and recovery methods that enable significant production from new oil and gas wells. We are not an "exploration company" in the sense that our operating model does not involve exploration for new oil deposits, but rather the act of exploiting existing, known oil and gas fields. We have developed strategic relationships where we can execute plans to acquire additional lease assets that will give NTE control of millions of barrels of oil and gas reserves beyond its current asset holdings.
Our primary operational mission is to perform drilling and development of new production oil and gas wells. This is achieved through the development of oil-dense properties that possess long-term production opportunities. Our business model and employment of the latest proven technological drilling methodologies will enable the company to maximize our production of commercially viable oil and gas reserves. We are committed to being a premier oil and gas company.
Our engineering management team has more than 140 years of combined oil and gas operational management and field operations experience. The management and engineering teams have extensive expertise in the areas of petroleum engineering, drilling and extraction, geology, and environmental engineering.