Founded:

1970's

Officers:

President - Shane Spear
Secretary/Treasurer - Nelson Spear

Holdings:

Gulf Coast Oil and Gas Company once held lease inventories of more than one million acres ranging from the Alaskan North Slope to (not ironically) the Gulf Coast of the United States. Now most of the holdings from this company have been incorporated into the three main companies which comprise the oil and gas division of Spear Brothers Group.

History:

Gulf Coast Oil and Gas Company was formed by Howell Spear in the early 1970's and incorporated in 1980. The company's activities in the early years centered around the buying and selling of oil and gas leases from the United States government (Bureau of Land Management) as well as several state governments.  Other activity included promoting and participating in wildcat ventures and drilling deals.

Today:

In 2016, Gulf Coast Oil and Gas Company followed the lead of several other SBG companies who consolidated in 2010 to increase our efficiency and further secure our assets.  Most of the leases from GC have now been assigned to Trabajo Del Spear (working interest) and Realeza Del Spear (royalty interest) thus relegating any remaining Gulf Coast activities to stewarding their remaining (and diminishing) assets and to wistful hopes of vacations on the beaches of Pensacola (which Howell once fondly nicknamed "Monahans on the Gulf").    

 

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