OUR APPROACH

OUR STRENGTHS & FOCUS

“We are what we repeatedly do. Excellence then, is not an act, but a habit.”
- Aristotle

STATESIDE’s commitment is to operate a growing, profitable and ethical company. A company dedicated to bettering our investors, our employees, and our communities. A company with a clear focus on creating a trustworthy, honest and nurturing environment for all of our stakeholders while maximizing the potential return on the exploration of oil and gas in Western Pennsylvania’s Bradford Sands.

Under the leadership of Bobby Pastorius and Patrick Janin, Stateside strives to deliver above average returns with best in class tax benefits for our investors and, at the same time, mitigating all risks that are within our capabilities.

At the forefront of Stateside’s success are its people. We ensure that the right people with the right values are in the right roles—and have the authority to make sound decisions. Each of our expert team members brings an important skill set that makes a vital contribution to our overall mission.

We are devoted to being ecologically and environmentally responsible not because it is legally required, but because we believe it is the most conscientious and most profitable way to conduct our business. These responsibilities are at the core of STATESIDE’s nature.

OUR PROCESS - FORGE

“Manage the process and results take care of themselves.”

– Anonymous
We approach every new project using FORGETM, STATESIDE’s modeling system.
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Financial

Our financial focus is on value creation and robust cash flow generation

“ My Formula for Success? Rise Early, Work Late, Strike Oil.”
- J. Paul Getty

Operational

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Execution is the discipline of getting things done. Without a strong operational plan there is no point in deploying capital.

Together, Everyone Achieves More
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Risk

Risk comes primarily from not knowing what you’re doing. The FORGE™ process regroups all potential controllable risk in a matrix, which allows us to evaluate and gauge our risk profile.

“Risk comes primarily from not knowing what you’re doing. ”
- Warren Buffet.

Geology

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We look for significant inventory of high quality, low risk, oil focused development leases.

“ First look at the size of the prize and then the risk involved
- Geology first, Economics second.”
-R.E Mcgill
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Environmental

We meet with the Department of Environmental Protection on every one of our projects to fully understand all existing or potential impacts.

“ A century ago, petroleum- what we call oil - was just an obscure commodity; today its almost as vital to human existence as water.”
- James Buchan

OUR COMPLETED PROJECTS

Stateside has been in business for 11 year and has drilled 75 wells in 16 drilling programs all programs had tax benefits. We have enjoyed a 100% success rate at finding economic volumes of Oil and or Gas without ever drilling a dry hole.
100% Success in Finding Oil and /or Gas
Sucess Project
Project Year
Completed
Revenue Tax
benefits
Wells Oil Gas NGL State County Dry Hole Plugged or
Abandonned
EMPIRE 1 2019 cancel cancel 4 cancel cancel cancel NY Cattaraugus cancel cancel
LIBERTY 16 2016 right right 9 right right cancel PA MCKean cancel cancel
LIBERTY 15 2015 right right 7 right right cancel PA MCKean cancel cancel
LIBERTY 14 2015 right right 7 right right cancel PA MCKean cancel cancel
LIBERTY 13 2015 right right 5 right right cancel PA MCKean cancel cancel
LIBERTY 12 2014 right right 7 right right cancel PA MCKean cancel cancel
LIBERTY 11 2014 right right 5 right right cancel PA MCKean cancel cancel
LIBERTY 10 2013 right right 5 right right cancel PA MCKean cancel cancel
LIBERTY 9 2013 right right 4 right right cancel PA MCKean cancel cancel
LIBERTY 8 2013 right right 5 right right cancel PA MCKean cancel cancel
LIBERTY 7 2012 right right 4 right right cancel PA MCKean cancel cancel
LIBERTY 6 2012 right right 5 right right cancel PA MCKean cancel cancel
LIBERTY 5 2012 right right 3 right right cancel PA MCKean cancel cancel
LIBERTY 4 2011 right right 6 right right cancel PA MCKean cancel cancel
LIBERTY 3 2010 right right 4 right right cancel PA MCKean cancel cancel
LIBERTY 2 2009 right right 3 right right cancel PA MCKean cancel cancel

WHAT OUR INVESTORS SAY

CURRENT STATESIDE PROJECTS

Please find below details about our current project(s). We also create projects specifically to investors, family offices and investment companies that want complete control over the extraction decisions to better control their economic returns.

current_project

Empire 1 Project