Fidelity Associates (FA) is an independent Oil
& Gas company that trades Oil on a worldwide basis. We
also optimize opportunity by developing Oil & natural Gas
reserves using cutting edge drilling and production
techniques.
Production operations are focused on existing onshore Oil prospects in Texas, Louisiana, and Kentucky.
The constantly shifting supply and demand for refined petroleum products has historically created volatile profit margins in the refining industry. Because of the volatility, FA constantly strives to negotiate winning contracts, contain operating costs and increase output of Oil & Gas products, while maintaining its strong commitment to investors.
MISSION
The mission of FA is to maximize the long-term return of its investors through the development of low-risk (Safe) drilling prospects. The company seeks returns from both Oil & Gas reserves. Although no concentrated effort is addressed to this issue. FA is currently taking advantage of favorable product prices and aggressively pursuing business opportunities.
The company is committed to establishing profitable relationships with each and every investor by delivering the strongest projects in the industry. It is also unlike many of their competitors, committed to production and having success, not just raising money.
OUR STRENGTHS
The strength and resolve of FA come from:
 |
An inventory of quality internally generated Oil & |
|
Access
to cutting edge technology and equipment |
|
A sophisticated network of buyers, sellers, mandates, refineries, and operators. |
| 15 years of production experience |
These components form a business core that has enabled us to successfully persevere and succeed. We are among the leaders in the use of fractal technology among independent Oil & Gas companies. We also believe we have competitive advantage because of our inventory of prospects where large accumulations of Oil and Gas have been found.
BUSINESS FOCUS
Oil and gas
development involves a high degree of technical and commercial risk
and is
characterized by continuous need for fresh capital.
At present the
company is increasing revenues
by growing its investor base. This
activity is part of the
current plan to
participate in low-risk development projects, i.e. focus on re-entry
and offset drilling at already producing wells. Another stratagem is
increased production yield while lowering completion costs with new
fracturing technology. The overall goal of this approach is to
reduce cost exposure while enhancing the probability of drilling
success.
The company also restricts its focus to regional oil and gas prospects (Texas, Kentucky, Oklahoma) where operations are limited to first class manpower and technical resources are already deployed.
Lucrative oil and gas prospects combined with efficient new fracturing technology and a solid base of quality investors bring together key elements that provide a foundation for Fidelity Associates to become a bigger, stronger and more profitable company.
HISTORY
Founded in 1997 as Petromerica Resources LLC, the company reached several goals. One was to be joint operator in every project. This would ensure that all the investors would rest easy knowing that the appropriate work would get done.
In 1998 Petromerica
Resources bought oil industry consultant Nicholas W. Mitsakos in to
assist in business growth. Mr. Mitsakos is 39 years of age, was born
in Binghamton, NY. Having had over 15 years of corporate
planning and strategic negotiations experience, he was asked to come
to Dallas, Texas and help lead Petromerica Resources, LLC.
Under
his direction as Executive VP and later CEO the company was
reorganized and renamed Fidelity Associates.
Mr. Mitsakos has aligned the company’s immediate and future
goals into one for continued investor growth.
Nick Mitsakos’ background as a corporate planner coupled with the experience of his operations staff, qualifies them as a team that is able, experienced and dedicated to the development of oil and gas revenues for its investors.
Guy
Burnette, (President), Arthur Rose (VP Operations), Jerry Strickland (VP Field
Operations), Chris Venning III (VP Sales), Bob Reilly (Petroleum
Engineer) and Lawrence Spearman (Chief Information Officer) complete the corporate team with over 75 years combined of in their
respective fields. Along with contracted experts in the industry
(i.e. geologist, accountant, etc.) this staff
makes up a competent, dynamic organization you can count to get the
job done.
