The 2006–07 Welcoat Dragons season was the first season of the franchise in the Philippine Basketball Association (PBA).
Welcoat bought the Pilipinas Shell franchise early in the year.
The team is co-owned by Raymund Yu and Terry Que and the ballclub in their first season will be known as Welcoat Dragons.
[1] August 20: The 2006 PBA Draft took place in Fort Bonifacio, Taguig.