Toce Energy is a company engaged in exploration, exploitation, and acquisition of oil and gas properties located in South Louisiana.
The corporate headquarters are located in the wholly owned Toce Building, 969 Coolidge Boulevard, in the Oil Center of Lafayette, Louisiana.
Producing Properties
Toce is currently producing in three parishes in Louisiana: Cameron Parish, Vermilion Parish, and Calcasieu Parish.
SL19354 #1 & #2 AND PRODUCTION BARGE
J LEDOUX 1
BARHAM 1
Toce Prospects & Historical Production
Toce has a history of production in 18 parishes in South Louisiana with an 88% success record since 2005, and a 73% success record since 1962.
Consultants
Toce Energy, L.L.C. uses consultants to support its drilling, completion and operating functions. Below you will find a listing of some of consultants that we use.
Flagship Georesources, LLC – Larry Teter
Alliance Drilling Consultants, Inc. – Carlton Jackson
Chalmers, Collins, & Alwell
Vendors
Toce Energy, LLC uses over 500 vendors to support its drilling, completion, and operating functions. Below you will find a listing of some of the vendors that we use.
Acadiana Shell & Limestone, Inc.
Acme Truck Line
Alliance Drilling Consultants, Inc.
Atchafalaya Measurement, Inc.
Authement Gauging, LLC
B & B Oilfield Services, LLC
Baker Hughes
C.H. Fenstermaker & Associates, Inc.
C.L. Jack Stelly & Associates, Inc.
Cajun Well Service
Calcasieu Rentals, Inc.
Central Hydraulic, Inc.
CF&S Tank and Equipment Co.
Chestnut Exploration and Production
Chevron
Davies Construction, Inc.
Deep South Oilfield
Dufrene Pipe Company, Inc.
Flow Petroleum Services, Inc.
Franks Casing Crew and Rentals
G & L Well Service, Inc.
Grosse Tete Well Service, Inc.
Guichard Drilling Co., Inc.
Janic Directional Survey, Inc.
Justiss Oil Co., Inc.
Kajun Gauging and Services
Lion’s Oilfield Equipment, Inc.
Martin Energy Services, LLC
Melancon Production Services, Inc.
National Oilwell Varco LP
Oil Mop, Inc.
Oilfield Instrumentation, USA
Parker Drilling Offshore
Permian Tank & Manufacturing, Inc.
Phillips 66
Plains Marketing
Reagan Equipment
Roustabouts, Inc.
S.W.A.P, Inc.
Schlumberger
Seadog Environmental Consulting, LLC
Smith Mason & Co.
Superior Gauging Services, Inc.
T. Baker Smith, Inc.
Terrebonne Wireline Services, Inc.
Tidewater Dock, Inc.
TIW Corporation
Tri-City Services
Trident Steel Corp.
Tuboscope Vetco
Vegetation Mgmt Specialist, Inc.
Weatherford U.S.
Zedi Companies
Victor Toce started his career at Tenneco Oil Co. Inc. in 1981, where he worked as a geologist in both the Exploration and Production departments for the Gulf of Mexico division. In 1988, upon Chevron’s acquisition of Tenneco, Victor joined Paul Toce, and, in 1997, Victor formed Toce Energy L.L.C. Victor Toce is a proven oil and gas explorationist with discoveries and development of reserves in the Gulf of Mexico with Tenneco and in South Louisiana as an independent. Mr. Toce supervises all departments of Toce Energy including Geology, Geophysics, Land, Drilling, Production, Accounting, and Legal. Mr. Toce received his B.S. in Geology – Professional from Louisiana State University in December, 1980. He is also registered as a Certified Petroleum Geologist with the American Association of Petroleum Geologists.
Toce Energy, L.L.C. is a private oil and gas exploration company incorporated in Louisiana. The company’s beginnings reach back to Paul M. Toce, Sr., who started his career as a geologist with Shell Oil in 1954. After leaving Shell Oil, he worked with two independent oil companies before he began drilling and operating wells as Paul M. Toce in 1962. Mr. Victor Toce, his son, worked as a geologist for Tenneco Oil Company in its Gulf of Mexico Exploration and Production departments from 1980 to 1988. With Chevron’s acquisition of Tenneco, Victor formed Toce Energy, L.L.C.
Toce Energy, L.L.C. is constantly pursuing numerous prospects throughout South Louisiana. A select few of these prospects make it to the final drilling stage. Toce Energy, L.L.C. offers interest in these as an investment opportunity. Please contact our office if you are interested in investing in our current prospects.
Awards
Toce Energy is proud to be honored by the United States Senate and the Louisiana State Senate for its long term commitment and prudent operations in South Louisiana.
Working Interest Calculator
Please click the link below to download the Toce investment calculator (Microsoft Excel File). If you have any questions about this calculator please contact Vic Toce.
Microsoft Excel XP, 2000, 2003 or 2007 required.
Disclaimer + Risk
Risk Factors
Oil and gas exploration and development is highly speculative in nature and carries with it many risks that even a combination of experience, knowledge, scientific information, and careful evaluation cannot always overcome. Such risks include the drilling of unproductive wells and also the drilling of wells which, though productive, do not produce sufficient amounts of oil and gas to return a profit on the monies expended. Additional risks include increased costs in drilling, completing, equipping, and operating producing properties caused by price increases from third party supplies and services. Cost overruns due to unforseen circumstances may add to the risks encountered. Unforseen changes in the Federal and/or State tax laws may have a detrimental effect on the profitability of the Program. Market fluctuations in price of hydrocarbons could also have an adverse effect on the return on the investment.
Disclaimer
This material has been prepared for the use of Toce Energy, LLC. No representations, guarantees, warranties, or assurances of any kind are made, nor should any be inferred, with respect to the accuracy or reliability of the information presented. Anyone relying upon the information presented by Toce or its representatives, does so at his sole risk and peril. Unless expressly stated to the contrary, the geological, geophysical, subsurface, and engineering information contained on this website is based upon opinions, estimates, and projections of Toce. These opinions, estimates, and projections could vary substantially and materially from actual results. This information is not to be construed as a representation of the results that will actually be achieved. This is not an offer to sell, nor a solicitation of an offer to participate in an Oil and Gas Program. No decision has been made to offer such an investment.
Tax Treatment
These are general tax provisions currently applicable to the oil and gas industry in Louisiana. As with all tax situations, each individual should consult a tax advisor to determine if these guidelines apply. Also, these tax provisions can be changed by the State of Louisiana and/or the federal government.
Drilled and Completed Well
Intangible drilling and completion costs are written off when incurred. In some situations up to 85% of the total drilling and completion costs can be written off in the first year.
Tangible costs are depreciated on a 7-year accelerated depreciation basis or on a units-of-production basis.
Acreage, geological, and geophysical costs can be written off on a units-of-production basis.
Up to 15% (depletion allowance) of all production income is tax free.
DRY HOLE
All costs are written off as incurred.
Lafayette, LA 70503