In the mid-2000s, a lot of people thought that the hydrocarbon reserves in the United States were doomed to be exhausted soon. When things were starting to look rather grim, new drilling techniques were discovered that made it possible to hit the reserves of oil that they did not think was economically feasible to access prior to these technological developments. Being able to recover oil from these reserves which are often located in formations of sandstone and hard shale could change the economy of the United States at a vital time. Matthew Fleeger, the CEO of Gulf Coast Western, has been there from the start of the oil boom and is expected to stay a heavy player for many years to come.
Matthew Fleeger and Gulf Coast Western already had years of experience in the oil industry before the oil boom even began. This put them in a good position as they were already experts at exploration and production of these oil-based goods. The company was able to adopt the new drilling techniques early on and have found some of the most profitable sites in the United States.
Matthew Fleeger has been around oil most of his life. His father founded Gulf Coast Western in 1970. At the time it was just a small company that managed to grow to an impressive size thanks to the hard work and expertise from their staff. They have formed several important partnerships that have been vital to the production side of the business.
While Matthew Fleeger may have stepped away from the oil industry to pursue different entrepreneurship opportunities, he became the founder of 2 large companies and after selling them went back to the family business of Gulf Coast Western. His leadership has allowed the company to become one of the biggest names in the industry.