In 2000, Hunt Oil Company successfully completed its acquisition of Newport Petroleum Corporation and combined its exploration team in Calgary with the Newport Group to form a new, privately held entity, Hunt Oil Company of Canada, Inc. In 2001, Hunt Oil Company had a second major acquisition, Chieftain International Inc., which increased our presence in the Gulf of Mexico and the Gulf Coast.
Today, Hunt Oil Company of Canada's main focus is seeking quality drilling opportunities (operated and non-operated) in the Deep Basin of West-Central Alberta. Hunt Oil Company of Canada is known for excellent environmental standards and sustainable programs in the Deep Basin area.
In the United States, Hunt Oil continues to explore for, develop and produce oil and natural gas in the Gulf of Mexico, Gulf Coast, West Texas, North Louisiana and areas of the Rocky Mountains. Later in the decade, HOC adapted its exploration and development activities in the pursuit of new unconventional resource plays. This strategic change was made to take advantage of new technologies in horizontal drilling, and multi-stage hydraulic frac completions that have changed our industry. Hunt Oil now has major exploration and development land position and projects in the Willison Basin (Bakken), Eagle Ford and the Marcellus plays. We also have a New Ventures Exploration team whose objective is to identify and gain early entry into new resource plays.