"Our lives are impacted every day by the use of hydrocarbons such as oil and natural gas. These energy sources heat our homes, fuel our vehicles, and power our factories, offices and schools. They are used to make everyday items like plastics. Fairways is actively pursuing the discovery and development of new frontiers to support our nation's growing demand for energy. High-Impact Exploration is Fairways business."
– Dwayne Stewart, President
In 2009, Fairways Offshore Exploration, Inc., which began in 1993 and only operated Gulf of Mexico assets, was restructured under an enhanced business plan as a private portfolio investment company targeting opportunities in the upstream oil and natural gas sector. Its affiliate - Fairways Exploration & Production, LLC - was formed to participate in onshore exploration and development of oil and natural gas reserves in the lower 48 states.
The life cycle of a start-up exploration and production company takes several years.