| Name | Title | Contact Details |
|---|---|---|
Ujjal Mukherjee |
Chief Technology Officer | Profile |
Joaquim Portela |
Chief Technology Officer | Profile |
Sabinal Energy is a privately-held oil and gas company headquartered in The Woodlands, Texas. Sabinal is focused on the acquisition and development of large, long-life producing oil and gas assets across North America. Sabinal will target mature fields with established and predictable production profiles in geographic areas with consolidation opportunities. The Company will create value by applying the latest technology to optimize production, reduce costs and enhance the operating and financial performance of the assets. Members of the Sabinal management team have successfully acquired and developed some of the largest and most successful reservoirs in North America including the Barnett, Eagleford, Woodford/STACK, and multiple areas in the Rockies. Several of our Executives have managed large assets with more than 1 Bcfe/d of daily production, 7 Tcfe of proved reserves, and drilling programs in excess of 800 horizontal wells per year.
360 Mining is a distributed energy company that generates electricity via vertically integrated natural gas production; powering cryptocurrency miners when consumer demand is low and powering the grid when demand is high. 360 Mining’s responsibly gener...
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.
Vyypertech is a Niagara Falls, ON-based company in the Energy and Utilities sector.
Intergulf Corporation is a Pasadena, TX-based company in the Energy and Utilities sector.