Gulf Coast Western’s earns a 1.0-star rating from 5 reviews, showing that the majority of investors are dissatisfied with partnerships.
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Gulf Coast Western
This will be short and too the point. My Father invested over 700k back in 2014 and the return was around 10% for two years...he then lost everything else.
Run as far and as fast as you can...why this company is allowed to continue I have no clue. If only this information would of been available to him at the time would of saved a lot of heartache and a lifetime of savings.
Gulf Coast Western Complaints 4
GCW Dual Creek and Barataria Projects
They provided a hard sell promising good returns and never produced anything but requests for more money. The project had a new recompletion on August 13, 2019 to allow us to reinvest in the project and to my knowledge nothing ever happened to the well. I don't know if it was bad luck in the field or a roos to have people depart with their hard earned money, from what I have seen from others, none of GCW's projects have been fruitful for their J.V. partners.
Desired outcome: return of all monies
Thank you everyone of these reviews. My name recently must have come up on their marketing lists. I received a call from BH who asked me about my interest in Oil Well etc. I said I had none and then pitched me their $50K will turn into $300K in 7 yrs and the $50K is tax deductable. He then started to ask several very personal questions on my financial position / if I paid the IRS this year etc etc. I agreed to get their information but after 24 hrs and reviewing several posts, I called him back and said do not send the information. He went into the pitch again and when I brought up my risk concern and the information I have read, he said it was all false. So every post was false. You are welcome to fall for these calls but I believe my money is better invested else where.
This company is a scam
This company is a scam. Please run from this company. They use the same lies and manipulations to get you hooked and then consistently have problems and come back to get more money. The pattern continues. There should be a lawsuit against them for evasively defrauding their investors while they live high off the horse. Worst decision ever made. Matthew fleeger should be ashamed of his actions. No moral and ethical person would do what his company has done.
Fraudulently taking money
I am an investor in budda #4, a oil partnership with gulf coast western. I have read all the complains from other investors with this company. I am in full agreement. if you are a partner in the budda venture, you will notice that they are giving us a choice. drill, as per the contract we signed, or some other stupid and non-sense option. please look carefully at the option. the wells are located in east texas, where most of the wells are shallow, old, and "petering out" they want to rework some of these wells, not deeper than 3, 700 ft. and then they want to drill a salt water recovery well and charge well owners around the area to "dump their salt water into this well. please look carefully at the wording, these people are limited their, (ours) investment to $500, 000. what the hell does that mean? it means nothing! how are we to know when the $500, 00 is reached and what happens after that? they would want more money from you and me. if you are in budda 4 or 5, please, don't be stupid. make them drill the damm well, at least there may be a chance of a oil it. do not vote for the other option... do not give these people an opening to frauduly take any more of your money.
I truly believe 110% that no one should invest in this company. This company has learned more about how to be evasive without reproach coming back on them Matt Fleeger is a scam artists who enjoys promoting himself as if he’s a person giving back to the community. He’s is proficient in scamming in such an eloquent way. Stay clear of this company
Is Gulf Coast Western Legit?
Gulf Coast Western earns a trustworthiness rating of 91%
Highly recommended, but caution will not hurt.
We found clear and detailed contact information for Gulf Coast Western. The company provides a physical address, 2 phone numbers, and email, as well as 4 social media accounts. This demonstrates a commitment to customer service and transparency, which is a positive sign for building trust with customers.
Gulfcoastwestern.com has a valid SSL certificate, which indicates that the website is secure and trustworthy. Look for the padlock icon in the browser and the "https" prefix in the URL to confirm that the website is using SSL.
Gulfcoastwestern.com has been deemed safe to visit, as it is protected by a cloud-based cybersecurity solution that uses the Domain Name System (DNS) to help protect networks from online threats.
A trust mark has been identified for a gulfcoastwestern.com, but it is important to verify the trust mark and its source to ensure that it is legitimate. Ensure that the trust mark is genuine by clicking on it and verifying its authenticity through the issuing organization's website.
However ComplaintsBoard has detected that:
- The website belonging to Gulf Coast Western has a low number of visitors, which could be a red flag for users. However, it's important to conduct additional research to fully evaluate the website's legitimacy and trustworthiness.
Total fraud and scam
Gulf Coast Western is committed to stringent environmental standards through the use of advanced drilling techniques, tools and procedures to efficiently and safely develop our oil and natural gas resources. This commitment has been an emphasis of the company since its establishment in 1970, and we are justifiably proud of our record in public safety and...
Read full review of Gulf Coast Western and 50 commentsOverview of Gulf Coast Western complaint handling
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Gulf Coast Western Contacts
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Gulf Coast Western phone numbers+1 (800) 284-1782+1 (800) 284-1782Click up if you have successfully reached Gulf Coast Western by calling +1 (800) 284-1782 phone number 0 0 users reported that they have successfully reached Gulf Coast Western by calling +1 (800) 284-1782 phone number Click down if you have unsuccessfully reached Gulf Coast Western by calling +1 (800) 284-1782 phone number 0 0 users reported that they have UNsuccessfully reached Gulf Coast Western by calling +1 (800) 284-1782 phone number+1 (972) 284-0600+1 (972) 284-0600Click up if you have successfully reached Gulf Coast Western by calling +1 (972) 284-0600 phone number 0 0 users reported that they have successfully reached Gulf Coast Western by calling +1 (972) 284-0600 phone number Click down if you have unsuccessfully reached Gulf Coast Western by calling +1 (972) 284-0600 phone number 0 0 users reported that they have UNsuccessfully reached Gulf Coast Western by calling +1 (972) 284-0600 phone number
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Gulf Coast Western emailsinfo@gulfcoastwestern.com100%Confidence score: 100%Support
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Gulf Coast Western address14160 Dallas Parkway № 500, Dallas, Texas, 75254, United States
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Gulf Coast Western social media
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Checked and verified by Rachel This contact information is personally checked and verified by the ComplaintsBoard representative. Learn moreDec 18, 2024 - View all Gulf Coast Western contacts
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Thanks for your review. The more I learn about this company, I know I won't invest with them. I read their investment documents and they are so complicated and confusing that I can't figure why anyone would invest with them. I also read that most of their wells never repay investor capital. When I called to have the promoter explain the investment, he was very evasive explaining the percentage of interest the investor would receive, it is so small that an investor would have very little chance of ever becoming profitable. GCW drills and operates NOTHING. They are a retailer. They have set up a system to enrich themselves at the detriment of their investors by purchasing a portion of a driling operator's well, then marking up the price, then dividing that portion, then promoting and selling it with tales of great returns and how much they care about making their investors profitable. My accountant told me this was a scam, that my chance of making money was better playing the lottery!