Tyler, Texas — According to state and local economic development sources Mewbourne Oil Company plans to invest $20,000,000.00 to build out 50,000 square feet of new space in Tyler. The company plans to occupy the new space at 3620 Old Bullard Rd in Tyler, on or about December 1, 2023. According to the company website Established in 1965, Mewbourne Oil Company has grown into one of the more prominent independent oil and natural gas producers in the Anadarko and Permian Basins of Texas, Oklahoma and New Mexico. The company’s success over the years can be attributed to a conservative approach to the business and a philosophy of managing all phases of operations from prospect to pipeline. From the Company’s headquarters in Tyler, Texas, and with its three exploration offices located in Amarillo and Midland, Texas, and Oklahoma City, Oklahoma, along with four operation offices located in Perryton and Midland, Texas, Woodward, Oklahoma, and Hobbs, New Mexico, Mewbourne Oil Company develops oil and natural gas prospects, acquires leasehold interests, and serves as the operator in the drilling, completion and production of oil and natural gas wells. The company has focused its efforts on two of this country’s most prolific producing regions, the Anadarko and Permian Basins. The Anadarko and Permian Basins have produced more than 42 billion barrels of oil and 220 trillion cubic feet of natural gas and contain many of the largest oil and natural gas fields in the United States.

To learn more about Mewbourne Oil Company, visit http://www.mewbourne.net/

Company Contact:
Gregory Andersen, Chief Information Officer
https://www.linkedin.com/in/greg-andersen-cio/
903-561-2900

SOURCE: http://www.intelligence360.io
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