GCW Reviews
Gulf Coast Western specializes in the exploration, development, and acquisition of domestic oil and gas reserves, primarily in the Gulf Coast region of the United States.
GCW’s mission is to provide a selection of high-potential domestic oil and gas assets with management expertise, sound financial backing, and a dedication to strategic planning. GCW also has an aggressive strategy for acquiring energy-related assets that can be developed profitably in the current low commodity price environment. The approach is designed to provide steady cash flow while continuing to build portfolio value over the long term.
Gulf Coast Western reviews was formed in 1962 as Gulf Coast Publishing Company by an investor group led by Chas: E. Jones Jr. founded the Jones Oil Company of El Campo, Texas. GCW’s first business was a magazine called “The Gulf Coast Business Weekly.” The magazine sold for 35 cents per issue and covered primarily general business news for the region including Galveston, Brazoria, Fort Bend, Waller, and Austin counties. The region covered by the magazine was known as the “Golden Triangle” of business and finance in South Texas.
The company moved quickly to expand beyond publishing into other areas. In 1963, Jones Oil Company opened a crude oil gathering center in El Campo, and Gulf Coast Western reviews entered into a joint venture to produce crude oil from two fields in Reeves County, Texas. The companies had plans to expand this partnership to other projects if the results were favorable. However, due to the success of these projects, they are sold a few years later.
In 1969, GCW acquired Jones Oil Co. and controlling interests in 13 producing fields located primarily in Karnes County and at Fairfield Bay in Arkansas County. At this time, Gulf Coast Western was operating as a limited partnership.
In 1970, the company began exploring oil in Louisiana and acquired a significant interest in the Center Hill Field in Sabine Parish. In addition to its interest in the field, Gulf Coast also owned a 50 percent interest in an offshore platform that was producing. At this time, Gulf Coast Western’s oil and gas investment revenues totaled $35 million.
In 1982, GCW entered the refining business through joint ventures to refine crude oil produced by other companies and sold under long-term contracts.