Thomasson Partner Associates, Inc. (TPA) was founded in 1991 by Dr. M. Ray Thomasson.  Since that time, TPA has turned to industry more than ninety oil and gas projects of varying geologic complexity, potential reserve volume and risk.  Many of these projects were developed by TPA’s experienced and high quality staff during a time of depression in the domestic oil and gas business.  Even with the low oil and gas prices being realized during the mid-90’s, and the resulting decrease in budgeted funds for exploration, industry recognized the quality of the TPA projects, and continued to purchase and develop them. The variety, numbers and quality of TPA’s client base speaks to the high technical level and the realistic quantification of risk of the technical product TPA presents to the industry.

Because of the quality of the product and the resulting commercial success rate of the projects that TPA develops, many companies have purchased multiple projects.  Representative clients who have taken multiple TPA deals include: Shell (U.S.), Dominion Energy, Houston Exploration, Talisman Energy Inc. (Fortuna [U.S.] Oil and Gas), Barrett Resources and Bill Barrett Corporation, Eastern American Energy, Westech Energy Corporation, Petroleum Development Corporation (PDC), JN and Magellan. 

Many other clients have taken at least one TPA project.  This list includes: Conoco Phillips, Alberta Energy Corporation (Encana), Oxy, Maxus, Mitchell, Penn-Virginia, Seneca, True, Abraxus, Whiting, Shell International (New Zealand), Stone, Snyder, Rozel, Burnett, Bridge, EEX, Royale Energy, Wagner & Brown and several others.

The TPA generated the Cave Gulch discovery with its development critical to the growth of Barrett Resources and subsequently Bill Barrett Corporation.  Barrett took the Cave Gulch project from TPA in 1994.  The discovery and subsequent development of Cave Gulch Field turned out to be a “company maker” and was one of the key properties for Barrett Resources who sold out to Williams Production Company (Tulsa).  Williams failed to recognize the potential of Cave Gulch Field, and re-sold the property to the then private Bill Barrett Corporation.  Currently there are more than 100 wells in Cave Gulch Field and Bill Barrett Corporation holds an interest in most. Bill Barrett Corporation has over 25 deep locations.  The total shallow, intermediate and deep potential is estimated to grow to over one trillion cubic feet of gas.

TPA’s success rate for exploration wells during its fifteen years of project generation is 43 successful wells out of 119 drilled, or 36 percent.  This success rate is 3.5 times the recognized industry norm.  The finding and development costs for the projects are $0.49 per MCFE or less than $3.42 per BOE.  These are historical records that any company would be proud to announce in their annual report to shareholders.