San Antonio developer to expand Austin Chalk footprint with new oil well

San Antonio-based Millennium PetroCapital Corporation is in the final stages of approval for four new drilling permits in Gonzales County from the Texas Railroad Commission as part of its Lewis & Clark Development Project. The new permits will allow four new horizontal oil wells to be drilled 6.2 miles southwest of Gonzales, the nearest city. … Read more

Millennium PetroCapital Corporation Celebrates 15 Years in Business

San Antonio oil & gas development firm celebrates a momentous milestone while setting its sights on the future of energy development in the 21st century. August 04, 2021 11:00 AM Eastern Daylight Time SAN ANTONIO–(BUSINESS WIRE)–San Antonio, Texas’ most innovative oil and gas company, Millennium PetroCapital Corporation, celebrated 15 years in business last week. The … Read more

Millennium PetroCapital Succeeds Again in Austin Chalk

San Antonio, Texas-based Millennium PetroCapital Corporation, placed its third Austin Chalk oil well online in Gonzales County, Texas, in October of 2020. October 27, 2020 06:01 AM Eastern Daylight Time SAN ANTONIO–(BUSINESS WIRE)–Millennium PetroCapital Corporation,a recent finalist for the regional Better Business Bureau’s Torch Award for Marketplace Ethics, is a privately held parent company specializing in … Read more

Local driller not dissuaded by oil downturn

A San Antonio-based company has put two oil and gas wells online in Gonzales County in spite of the oil industry’s current state. Millennium PetroCapital Corp. is producing on two wells in the Austin Chalk formation that were completed in May and June, the company announced this week. Millennium owns a 75% stake in the wells … Read more

Millennium PetroCapital Corporation Successfully Launches New Oil Development Project in the Second Quarter 2020

San Antonio, Texas-based Millennium PetroCapital Corporation, placed two new Austin Chalk oil wells online in Gonzales County in May and June 2020. June 23, 2020 07:01 AM Eastern Daylight Time SAN ANTONIO–(BUSINESS WIRE)–Millennium PetroCapital Corporation, a privately held oil and gas parent company specializing in South Texas and Texas Gulf Coast exploration, successfully launched its Gonzales … Read more

Drilling Permit Roundup: Flurry of new oil wells for San Antonio independents

Read the full article at: South Texas Drilling Permit Roundup_ Flurry of new oil wells for San Antonio independents Drilling Permit Roundup: Flurry of new oil wells for San Antonio independents Aug 21, 2018, 5:29am CDT They’re small, independent and drilling for oil throughout Texas — four San Antonio-area oil companies seeking permission to tap various … Read more

San Antonio oil company owner launches affiliate to serve as financial arm

San Antonio oil company owner Richard Monroy has launched a new venture as the financial arm of an operation becoming more vertically integrated, while reducing its insurance costs significantly. Monroy started Millennium Exploration Company LLC more than 12 years ago, specializing in vertical oil wells along the Coastal Bend. The company handled oil field prospects, … Read more

Millennium Exploration Celebrates 11th Anniversary

Millennium Exploration Company, a privately held oil and gas operator specializing in Texas Gulf Coast Basin exploration, celebrates its 11th anniversary of operations today. Over a decade of experience has transformed Millennium Exploration from a new venture with big ideas into a successful enterprise with holdings across 25 Texas counties. Since its founding, Millennium has … Read more

How a San Antonio-based E&P company is using the downturn to its advantage

CLICK HERE for main article. Amid the most prolonged downturn in oil and gas industry history, San Antonio-based Millennium Exploration Co. quietly turned 10 years old this summer. But instead of holding an elaborate celebration, the independent exploration and production company went drilling for oil in Matagorda County Earlier this week, Millennium completed drilling on its … Read more

San Antonio Business Journal Recognizes Richard Monroy

Richard Monroy CEO at Millennium Exploration Company Richard Monroy founded his oil and gas enterprise in July of 2006 as a fully integrated oil and gas exploration and production group. Monroy took his savings and purchased an interest in a North Texas oil well and launched what would become Millennium Exploration Company.

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