After spending several years in leadership positions in the energy industry, Larry M. Koonce founded North American Drilling Company (NADC), an independent oil and gas production company, in 2006. Today, Larry Koonce serves as president of NADC. He cites his grandfather, who worked as an oil driller, and uncle, a former oil-industry geologist, as inspirations for his decision to pursue a career in the energy industry.
NADC provides end-to-end management of drilling operations at various sites in Texas. The company uses surface geology and/or three-dimensional seismic technology to identify prospective areas for exploration. Once an area has been identified, NADC works to attain leases to access the property. In addition, NADC obtains required funding, oversees all drilling operations, and completes the well. The firm sends monthly revenue checks to investors and coordinates all relevant tax documentation.
To achieve the best results, NADC often drills on its own properties next to proven, producing wells. The company employs an expert team of geologists and engineers, along with skilled drilling crews to maximize the success of every project.
NADC provides end-to-end management of drilling operations at various sites in Texas. The company uses surface geology and/or three-dimensional seismic technology to identify prospective areas for exploration. Once an area has been identified, NADC works to attain leases to access the property. In addition, NADC obtains required funding, oversees all drilling operations, and completes the well. The firm sends monthly revenue checks to investors and coordinates all relevant tax documentation.
To achieve the best results, NADC often drills on its own properties next to proven, producing wells. The company employs an expert team of geologists and engineers, along with skilled drilling crews to maximize the success of every project.