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Our purpose is to assist in fueling North America’s energy requirements guided by relentless focus on our six imperatives. Honesty, integrity and commitment are vital to driving our growth and success. We maintain a high standard of business practices which translate into unparalleled value for our shareholders. To achieve our mission, we will conduct our business with these six responsibilities in mind: obey the law, stimulate economic growth, be environmentally responsible, expand opportunities for our employees, respect our vendors, and reward our shareholders. To date, the main focus of the Company has been the acquisition of low cost assets with significant development potential. The Piqua project in Kansas had been lightly developed when acquired, and its low-cost drilling and solid financial return is providing a repeatable and low-risk facet of the Company’s growth strategy. Drilling to date has been 100% successful with an average 10 months to payout of drilling expenses incurred. Reserve valuations have increased from less than $1.0 million to almost $3.0 million in the two years the Company has owned the property. The Bakken lands in Divide County, North Dakota, carry a steep development cost with wells ranging from $6.0-$8.0 million each. As a result, Legend has monetized the acreage while retaining a royalty interest, which allows the Company to continue to participate in the revenue generated through the drill bit, without any additional cost incurred. The royalty continues on the land indefinitely. As drilling on the acreage is still some time away due to priorities of the majority owners, the conversion of our interest to a royalty for Legend is currently unpredictable. Legend will participate in the revenue stream when the wells get drilled. As a non-operator, Legend will utilize the expertise and logistical capabilities of larger companies, without encumbering its balance sheet with expensive rig contracts and extraneous expenses. Legend’s Canadian acquisition affords it the opportunity to enjoy a stable production base coupled with an abundance of undeveloped land with access to a number of low-risk oil development projects. Although the Company has sold a number of smaller production properties, it still maintains a high working interest and solid production and revenue on its remaining assets. Due to saturated drilling around the Company’s Swan Hills property, reserves were drained before Legend could drill a well there. The Company was however able to monetize the small land position for a value in excess of $200,000 per flowing barrel.
TACenergy is a Dallas, TX-based independent wholesale fuels distributor of refined petroleum products. With an annualized fuel volume in excess of 1.5 billion gallons, TACenergy has a vast terminal supply network and regional sales offices across the country. Customers include gasoline and diesel retailers, industrial users, transportation, oil & gas, waste disposal & recycling, trucking, government, utilities, mining, construction, plus any other commercial user or reseller of fuel.
Keen Compressed Gas Co is one of the leading companies in the Energy and Utilities sector.
Husky Energy is a Canadian-based integrated energy company. Headquartered in Calgary, Alberta, it operates in Western and Atlantic Canada, the United States and the Asia Pacific region with Upstream and Downstream business segments. As a diversified and integrated company, we offer career opportunities across our varied businesses, with a strong portfolio of near, mid and long-term projects. We have opportunities in Engineering, Geology, Procurement, Finance, IT and Field Operations. We invest in the communities where we operate, with a focus on health, education and community initiatives. We encourage diversity and inclusion, employing staff from a variety of backgrounds, education and skill sets.
NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in Western Canadian Sedimentary Basin. NuVista’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Wapiti area of the Alberta Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play. 2012 was a pivotal year for NuVista, repositioning the company from an acquire and develop business model to a business model focused on its Wapiti Montney play with strong economics, repeatability and scale. The focus of 2012 and 2013 was on delineation drilling and follow-up drilling to identify development drilling opportunities. The focus of 2014 is executing on a development program primarily in it Bilbo (South) Development Block and adding new infrastructure to increase processing capacity.