Completion and Production Updates
November 14, 2012
It has been an exciting autumn season for Termo with several new completions and production enhancements occurring.
In Louisiana operations, Termo has completed the St. Martin #26 well in partnership with Luca International Group and Penta Resources. The #26 is the first of three wells in the Bull Moose Prospect originally proposed by Penta. The well is currently averaging 144 BOPD. Plans are underway to drill the second well. In Wyoming, results show well optimization and production enhancements have increased production by over 50% in the Joe Creek Field. Likewise in California, re-completions and production optimization have significantly increased production in the Aliso Canyon and Oat Mountain fields in LA County. Termo’s Roosa #4 well is currently producing 130 BOPD. In late summer Termo drilled and has now recently completed the Sence #41 and #43 wells in Ventura County. The wells flow tested about 20 BOPD prior to any stimulation. Termo is currently working with IPT to design a stimulation program and we expect to see a modest increase in production as a result.
Oil and gas, hydraulic fracturing a huge opportunity for California
October 15, 2012
From Energy in Depth and IPAA
In California, there are strict regulations for oil and natural gas wells — requiring multiple layers of steel and cement casing to protect groundwater. Oil and gas companies are working constructively with regulators and lawmakers in Sacramento on measures that will strengthen the state’s oversight of hydraulic fracturing and give the public more information about how it’s done. In fact, California’s oil and gas companies have already started disclosure using FracFocus, the same registry endorsed by many other states with mandatory disclosure regulations. San Francisco Examiner, Energy In Depth’s Dave Quast.
Profile of Termo from the Long Beach Business Journal
October 9, 2012
A short write up and profile of Termo from the Long Beach Business Journal's Oil and Gas Focused Issue. We are proud of our Long Beach roots and appreciate the interest shown by the LBBJ and the community. http://lbbusinessjournal.com/long-beach-business-journal-newswatch/160-lof-scroller-articles-12-10-09/960-the-termo-company-a-long-beach-staple-in-the-oil-and-gas-industry.html
Joe Randall, Central California Area Supervisor, Retires
August 31, 2012
Joe joined Termo in 1989 when the company purchased the Aliso Canyon and Oak Canyon properties in Northern Los Angeles. Recruited from Decalta Int. Corp. by Craig Onodera, Joe led the successful effort to improve production at several older fields, including Canfield Ranch in northern California, and Aliso and Oat Mountain. He remained the Central California Area Supervisor, overseeing Termo’s Ventura and Northern LA County operations, until his retirement August 31st.
Known as level headed and easy going, all of Joe’s team enjoyed working with him. He managed neighbor relations extremely well, balancing Termo’s operational needs with the needs of the suburban ranchettes that have sprung up around the rural oil and gas fields. His steady hand and good neighbor attitude are important qualities in managing relations with communities. Supervision at Termo’s Ventura facilities is being passed on to veteran Jeff Muth; and in Los Angeles, Joe Garcia is heading up the Aliso / Oat team. Both team members worked under Joe for many years.
The entire Termo Team wishes Joe the best as he takes this new found time to spend with his family and hope he gets many opportunities to pursue some of his favorite outdoor activities such as hunting and shooting.
Termo Honors Long-Time Team Members
August 20, 2012
During Termo’s Annual Meeting Weekend we had the opportunity to celebrate and thank many of our team members for their long years of service to the company. It is a true testament of the longevity of the company and our abilities that in each of our business areas a handful of senior staff have well over 100 years of combined service with Termo.
Our Operations Area Supervisors include veterans Jessie Hebert, Mike Morgan, Joe Randall, and Calvin Ito – all have been with the company more than 20 years. They are supported by other long-time dedicated staff such as Dave Allen, Daniel Rodriquez, Dan Murry, Ben Ferreira and Damian Stehly, each with decades of experience.
In the corporate office, we are kept grounded and humble by our HR Manager, Royalty Relations Manager, and Company Historian Donna Sheaffer who, in her 25 years with Termo, has always run a tight ship and looked out for our well-being. Other notable team members with greater than 15 years with the company include Bill Buss, our Vice President of Operations; JacquieTran, Accounting Supervisor; Rae Lynne Black, our Regulatory Manager; Sarah Pendleton, Land Assistant; and Pat Decker, our Production Technician and Map Specialist. At the helm of this truly outstanding team remains David Combs, as dedicated a CEO as there ever was having shepherded the company from a small enterprise to the quality Independent E&P it is today with more than 45 years of dedication.
The commitment, service, and knowledge of these and other team members is what makes Termo the truly unique, and uniquely qualified, independent Oil and Gas Exploration and Production company it is today.