“Energy cycles come and go. We look for opportunities every day, always with a longer development horizon in mind.”Rich Frommer, President and CEO, Great Western Oil & Gas Company
Broe’s energy affiliate, Great Western Oil & Gas (GWOG), has $1 billion in assets and operates more than 400 wells in the Denver-Julesburg Basin in Colorado.
But their mission is more than that. It’s helping fuel America’s energy independence. It’s continuing to uncover development opportunities so that Colorado’s businesses stay vibrant. It’s finding efficiencies in drilling and completions that drive costs down for consumers, and adhering to industry Best Management Practices to ensure safety and minimize environmental impact.
And it’s doing all this while giving back to and partnering with local communities to improve the schools and protect the neighborhoods where their wells operate.
Because to Great Western Oil & Gas, Colorado isn’t just a drilling site.
It’s also home.
HIDDEN IN PLAIN SIGHT
2005: Great Western Oil & Gas
Value Hidden in Plain Sight
In 2005, Broe had nearly completed acquiring 1500 acres for its Great Western Industrial Park in Windsor, Colorado, along with some of the mineral rights—but not all.
Then seller asked for a quicker closing date. Broe was not looking for oil; it was looking for opportunity. With three test wells, Broe found both.
- An expedited closing in exchange for discounted mineral rights.
- Using rail for efficient supply-chain transport.
- Cutting-edge technologies to pair increased production with maximum environmental safeguards.
Ten years later, actively operating in the DJ basin, Great Western Oil & Gas is now a top-10 oil and gas producer in Colorado and among the top 100 in the United States.