Operations · United States · 50% Interest

TPIC — Texas Petroleum Investment Company

A U.S. Gulf Coast conventional oil platform of low-decline, oil-weighted operated assets. Alpha holds a 50% interest in TPIC, acquired through its Alpha Parker Creek entity.

Platform Overview

Low-decline conventional, oil-weighted

TPIC operates a diversified base of conventional Gulf Coast fields with high working interest, high operatorship and a long history of shallow annual decline — the profile Alpha's redevelopment methodology is built to optimise.

Alpha interest

50%

via Alpha Parker Creek

Net acreage

~230k

net acres

Conventional fields

70+

TX · LA · MS

Production

~12,900

boepd (~87% oil)

Operated

99%

100% held by production

Decline profile

Sub-10%

annual PDP

Disclosure note. Figures shown are operational highlights only. Confidential transaction structure, reserve (PV10) detail and counterparty information have been intentionally omitted from this public page. [EDIT: confirm which figures are cleared for public disclosure before publishing.]

Proof Point

Parker Creek

Parker Creek sits within the TPIC portfolio and is a direct demonstration of Alpha's approach applied to a conventional Gulf Coast asset.

Production uplift

4.3×

with no discovery risk

Net opex / bbl

~50%

reduction

Method

Side-tracks + ESP

recompletion & lift

Previous operators focused on drilling rather than secondary recovery and left an improperly-configured waterflood that had nonetheless shown a physical response. Alpha re-engineered the development — targeted side-tracks and artificial lift — lifting production while driving opex per barrel sharply lower.

[EDIT: confirm current ownership status of the TPIC interest and update Parker Creek figures to latest.]