Energy & Mining International - Winter 2016 - 47

MOUNTAIN V OIL & GAS INC.

WINTER 2016

Mountain V prefers to operate in the
Appalachian Basin, Shaver says. "We
have a history in the area, and have
made a lot of good contacts and friends
along the way that have enabled us
to maximize our potential within the
Basin," he states.

INTENSE WORK
Mountain V, through its 20-year history, performed all of its own roustabout
services, and recently started offering
those same quality roustabout services to other oil and gas companies.
Shaver explains that this decision was
made at a time when business was
slow for the company.
"It was about 2012, and we had really
stopped drilling for ourselves," he
recalls, noting that several of his longtime laborers were in danger of losing
their jobs. "I was down to a decision

that no one wants to make of having to
lay them off."
He instead kept them busy by
offering those roustabout services to
other oil and gas companies, which
blossomed. "We do everything from
building fence to rerouting pipelines
to hooking up production facilities to
grading roads," Shaver says. "We do
everything that's labor intensive."

GROWING STRONG
In the past year, Mountain V grew its
operations by acquiring the assets of
six smaller, independent companies,
Shaver says. Thanks to these purchases, "We've been able to cut costs and
increase our production," he says.
This has helped Mountain V, which
has been watching its expenses due to
low commodity costs. "We've also been
fortunate to have some good partners

E
M
I

that have the trust in Mountain V to
invest with us," Shaver adds.
These include CrossFirst Bank in
Tulsa, Okla., and GE Capital. "The bank
of CrossFirst has been great to work
with [in regards] to the acquisitions
we've been able to accomplish," he
says. "We've had a great relationship
with GE Capital [which also] afforded
us to look at larger deals."
Mountain V plans to acquire more
conventional oil and gas companies
in the Appalachian Basin. "When you
find a niche, that's what you stick to,"
Shaver says.
Shaver is proud of Mountain V's
workplace and staff. "It's a good environment," he says, noting that his
key associates include Executive Vice
President and Petroleum Engineer
Mark Hackett. "He's not a only an employee; he's a great sounding board."

emi-magazine.com 47


http://www.emi-magazine.com

Table of Contents for the Digital Edition of Energy & Mining International - Winter 2016

Contents
Energy & Mining International - Winter 2016 - Cover1
Energy & Mining International - Winter 2016 - Cover2
Energy & Mining International - Winter 2016 - 1
Energy & Mining International - Winter 2016 - 2
Energy & Mining International - Winter 2016 - Contents
Energy & Mining International - Winter 2016 - 4
Energy & Mining International - Winter 2016 - 5
Energy & Mining International - Winter 2016 - 6
Energy & Mining International - Winter 2016 - 7
Energy & Mining International - Winter 2016 - 8
Energy & Mining International - Winter 2016 - 9
Energy & Mining International - Winter 2016 - 10
Energy & Mining International - Winter 2016 - 11
Energy & Mining International - Winter 2016 - 12
Energy & Mining International - Winter 2016 - 13
Energy & Mining International - Winter 2016 - 14
Energy & Mining International - Winter 2016 - 15
Energy & Mining International - Winter 2016 - 16
Energy & Mining International - Winter 2016 - 17
Energy & Mining International - Winter 2016 - 18
Energy & Mining International - Winter 2016 - 19
Energy & Mining International - Winter 2016 - 20
Energy & Mining International - Winter 2016 - 21
Energy & Mining International - Winter 2016 - 22
Energy & Mining International - Winter 2016 - 23
Energy & Mining International - Winter 2016 - 24
Energy & Mining International - Winter 2016 - 25
Energy & Mining International - Winter 2016 - 26
Energy & Mining International - Winter 2016 - 27
Energy & Mining International - Winter 2016 - 28
Energy & Mining International - Winter 2016 - 29
Energy & Mining International - Winter 2016 - 30
Energy & Mining International - Winter 2016 - 31
Energy & Mining International - Winter 2016 - 32
Energy & Mining International - Winter 2016 - 33
Energy & Mining International - Winter 2016 - 34
Energy & Mining International - Winter 2016 - 35
Energy & Mining International - Winter 2016 - 36
Energy & Mining International - Winter 2016 - 37
Energy & Mining International - Winter 2016 - 38
Energy & Mining International - Winter 2016 - 39
Energy & Mining International - Winter 2016 - 40
Energy & Mining International - Winter 2016 - 41
Energy & Mining International - Winter 2016 - 42
Energy & Mining International - Winter 2016 - 43
Energy & Mining International - Winter 2016 - 44
Energy & Mining International - Winter 2016 - 45
Energy & Mining International - Winter 2016 - 46
Energy & Mining International - Winter 2016 - 47
Energy & Mining International - Winter 2016 - 48
Energy & Mining International - Winter 2016 - 49
Energy & Mining International - Winter 2016 - 50
Energy & Mining International - Winter 2016 - 51
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Energy & Mining International - Winter 2016 - 53
Energy & Mining International - Winter 2016 - 54
Energy & Mining International - Winter 2016 - 55
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Energy & Mining International - Winter 2016 - 57
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Energy & Mining International - Winter 2016 - 60
Energy & Mining International - Winter 2016 - 61
Energy & Mining International - Winter 2016 - 62
Energy & Mining International - Winter 2016 - 63
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Energy & Mining International - Winter 2016 - 67
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Energy & Mining International - Winter 2016 - 79
Energy & Mining International - Winter 2016 - 80
Energy & Mining International - Winter 2016 - Cover3
Energy & Mining International - Winter 2016 - Cover4
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