Although The Cumming Company, Inc. was incorporated in 1982, it did not become involved in oil and gas development until four years later. The Company’s President and Founder, Dwight H. Cumming, originally created CCI as a marketing firm. However, after becoming Vice President of GrahamSource Corporation, an energy exploration and production company, he shifted his focus to developing and marketing oil and gas prospects to investor groups. Cumming served in this capacity from 1983 to 1986, when the energy industry experienced a downturn that forced GrahamSource to close.
At this time, Cumming turned his attention back to CCI, deciding to take the company in a new direction. Beginning with virtually no capital, he began to acquire oil and gas prospects financed by investors he knew personally. From 1986 to 1992, CCI focused on developing overlooked potential in oil and natural gas reserves located in the Fort Worth Basin and Bend Arch. By 1991, the Company had attempted over 65 recompletion or re-entry projects, with a success rate of over 70 percent and an Internal Rate of Return of 30 percent.
In early 1993, CCI launched a drilling program that discovered a conglomerate field in Palo Pinto, Texas, which was projected to produce 7 Bcf of gas as an Estimated Ultimate Recovery. The field went on to yield over 10 Bcf of gas, and 11 of its 35 completed wells are still producing. Another significant play in CCI’s history was the development of a vertical Barnett Shale field in Erath County from 2008 to 2012.
Since our first acquisition in 1986, CCI has completed and operated over 300 wells in North Central Texas. We continue to search for potential oil and gas opportunities in the Fort Worth basin, with the goal of discovering and developing new properties with significant reserve potential.
Let us know if you’re interested in learning more about our historical projects.