The History of Dale

Dale Operating Company (along with is predecessors and affiliates, collectively “Dale”), is a privately-held company based in Dallas, Texas, established by Lawrence B. Dale in 1981. Its primary business is the acquisition, exploration, and production of oil & gas reserves, mainly in the United States.

Early Years

For the first 25 years of its existence, Dale focused on the exploration and development of oil and gas reserves in Texas and Louisiana. From 1981-2006, Dale drilled and operated over 350 vertical and horizontal wells ranging from 6,000 to 18,000 vertical feet in various reservoirs. Starting in South Texas, then moving to East Texas, and eventually to the Barnett Shale in North Texas, Dale developed significant expertise with horizontal drilling, fracture stimulation of tight reservoirs, management of 3-D seismic surveys, as well as the construction and operation of natural gas gathering systems.

Urban Play

Dale’s Barnett Shale properties were located in highly urbanized areas and involved many complex land acquisitions. In order to accomplish the task of leasing smaller tracts around company drill-sites, and obtain pipeline right-of-way through this area, Dale began employing and contracting a large land team that could close on these smaller and more complicated transactions.

In 2006, Dale divested its Barnett Shale assets and pipeline system (West Fork Pipeline Company, LLC) and entered into a unique land service agreement under which Dale used its land expertise to continue to acquire leasehold for the buyer and help develop drillable units in the complex urban environment. Dale’s land services were later expanded to portions of the Haynesville, Marcellus and Utica Shale plays. While managing these land efforts, Dale developed a highly-skilled internal land team out of eight offices in Texas, Louisiana, Pennsylvania and Ohio.

Mineral and Non-Op Leasehold Effort

In 2008, Dale began to utilize its land teams to acquire mineral interests in various oil and gas producing regions throughout the United States. Dale’s mineral acquisitions began in East Texas and shortly thereafter the focus was moved to the Bakken Shale play of the Williston Basin in North Dakota. Encouraged by success Dale expanded its mineral acquisitions to include the Permian, Anadarko, Appalachian and other basins.

Synergistic to its mineral effort, Dale began to acquire minority non-operated working interests in the core of the Bakken play. Following its success, Dale has expanded this concept to include the Anadarko Basin of Oklahoma while continuing with its effort in the Bakken.

Dale has a non-operated interest in the Cook Inlet region of Alaska and is involved with an industry partner in Europe and South America.

Prospect Generation and Operations

In addition to the mineral and non-op leasehold business, Dale has re-entered the prospect generation and operation aspect of the business and currently has several projects underway.

Moving Forward

As Dale has grown, its capital base has grown from internal individuals and legacy partners to include large family offices, institutions, and other oil and gas companies. This growth has provided Dale with the opportunity to build a fully-integrated accounting and land administration system with state-of-the-art GIS support. These systems allow Dale to continually refine its processes.

Dale is focused on acquiring oil and gas reserves in quality reservoirs.

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