Non-Operated Interest in the Grand Cheniere Field Looks Strong

July 6, 2012

The Sturlese #1 Well operated by Brammer Engineering was recently completed to a depth of 16,400 ft.  The well flowed at a rate of 1,560 MCFPD, 312 BOPD and zero water for a 24 hour test period.  Significant bottom hole pressure indicates a very strong rate of flow can be expected from this well for some time.  The well is located in the North Grand Cheniere Field, Cameron Parish, Louisiana.

Termo has a minority interest in this well along with several of our partners. Termo is quite pleased with the performance of this well and the exceptional work performed by Brammer on behalf of its partners.

Termo Bids Farewell to a Long Time Supervisor

July 2, 2012

Friday June 29th marked the end of long time Termo Lease Supervisor Bill Nickerson’s career with the company.  His retirement comes after 19 years of service and dedication to Termo and 40 plus years in the oil and gas industry.  Bill came to Termo from Shell and oversaw our operations in Northern Los Angeles and Kern Counties as well as our Sacramento Valley gas production.

Bill made significant contributions to the operational performance of Termo through his strong focus on safety and environmental compliance.  He could be tough and he demanded a strong performance from contractors and staff, but in so doing drove his colleagues and staff to be better operators.

While we are saddened that he is leaving our family, we are pleased that he will get some much need rest and relaxation and time with his.  He and his wife of 47 years are looking forward to spending summers with family in Montana and indulging in his favorite pastime – fishing. 

America’s New Energy Reality - Article from the NY Times

June 14, 2012

Very interesting and provides a great insight.  Yergin and IHS always deliver quality insight.

http://www.nytimes.com/2012/06/10/opinion/sunday/the-new-politics-of-energy.html?smid=pl-share

Long Beach City Council Recognizes Termo for Lease Beautification Efforts

May 18, 2012

On Tuesday May 15thTermo received a Certificate of Recognition from the City for its beautification efforts in and around its Long Beach Area Leases.  This is the culmination of several years of effort and work which was started by Oil Operators Incorporated.  Our Southern California Area Supervisor Calvin Ito led the effort on our behalf and we congratulate and thank him and his team for all the time and dedication they put in, and recognizing the importance of being a good neighbor and doing what is right for the community.

We are extremely pleased and proud to have this acknowledgement of our ongoing community involvement.  Hearty congratulations to our local industry peers which were also recognized - Oil Operators and its President Kevin Laney, Graner Oil Co., and E&B Natural Resources.

Termo Permits Four New Wells in Ventura County

April 11, 2012

South Mountain Field

Termo has acquired permits and finished construction on a pad to drill up to four wells in the South Mountain Field, Ventura County.  The wells will target the Sespe zone.  Spudding of the first well is anticipated by mid-June.