The Termo Company

Job Position Available

January 6, 2021

As the foreman responsible for an oil and natural gas production field, you will directly supervise two operators and be responsible for up to 500 BOPD production from two facilities. Management experience is necessary, as well as applicable oilfield operation experience. Also responsible for scheduling all work, managing projects, and supervising contract crews and rigs. This position reports to a field superintendent. Applicant would need to be located close to Chatsworth, CA or be willing to move.

To find out more information, and to submit a resume, please visit our LinkedIn job post.

Will We See You at NAPE 2020?

February 4, 2020

Termo will be attending NAPE again this year and as always we look forward to seeing old friends and making new ones. Stop by Booth 4425 and say hello. We will also be searching for opportunities through-out the US, but will have a strong focus on Louisiana.

A Positive Year

January 15, 2020

Overall, 2019 was a positive year for The Termo Company, with several exploration and recompletion projects. The Termo Operations Team was busy in California and Louisiana and we also expanded our non-operated interest in Colorado and Oklahoma. Some highlights:

Drilled a commerically successful step-out well in Fresno County, CA
Drilled a dry-hole in Kern County, CA (not going to succeed if you don't try)
Recompleted a highly productive well in the Aliso Canyon Field, Los Angeles County, CA
Aquired a neighboring property in our operating area of the Mountain View Field, Kern County, CA and we are currently looking at possible improvements
Successfully reworked wells in our Section 28 Field in St. Martin Parish, Louisiana, resulting in a gain of ~80 bopd
Gained from a successful non-operated position in a development project in Colorado resulting in the completion of multiple Niobrara and Codell wells
Participated in a highly successful Washita County, OK, horizontal well that will lead to the drilling of several offset wells

As 2019 drew to a close, we finalized our 2020 plans for over $7 million in exploration, development, and recompletion projects in our areas of interest.

Termo continued to maintain (and will continue in 2020) a conservative posture while enjoying a strong balance sheet. We benefited from strategically hedging and increased focus on improving operations of marginal properties.

We closed out the year with no safety or lost-time incidents, and we continued to enjoy the support and hard work of a great and dedicated staff.

Here's to continued success in 2020!

It’s NAPE Time Again!

February 14, 2019

While some spouses and significant others might disagree that Valentine’s Day is the best for networking and making deals, we are excited to be back in Houston at the greatest gathering of exploration and production professionals in the industry we love! This year we are in Booth 4230 and have a large team in attendance. We are looking forward to seeing our partners and colleagues and looking for deals. We also have an interesting northern California gas prospect, so stop by and say hello.

Successful Louisiana Recompletion with Peak Energy

February 11, 2019

Proving the benefit of our ongoing partnerships with quality operators around the country, Peak Energy recently successfully recompleted a Vermillion Parish well in south Louisiana in which we are working interest owner. This well has already produced several BCF of gas for the partners and the recent recompletion is currently yielding 3,500 mcfpd and about 40 bopd. Termo originally was able to partner in this project through our valuable relationship with Houston Energy and Louisiana continues to yield exciting new discoveries for all involved.

Best Practices for Minimizing Environmental Impact

The Termo Company strives to reduce its environmental impact while expanding its operations to meet the growing energy demand in California and beyond. Our efforts include decreasing operational use of natural resources, advanced drilling techniques and investing in new technologies.

We’ve highlighted the technologies and practices implemented to minimize our environmental impact:

•Small Drilling Pads: Developments in drilling methods and technology are leading to efficiency gains for oil and natural gas producers. Modern pad drilling techniques allow rig operators to drill groups of wells more efficiently and improved rig mobility reduces the time it takes to move from one well location to the next, and this reduces the environmental footprint.

•Multi-Well Drilling Pads: New methods of drilling allow smaller surface pads to reach greater exploratory acreage beneath the surface. Multi-well pad drilling allows us to reach our target area without disturbing as much surface. Using this technique, we have drilled up to four wells from a single acre drill pad, significantly reducing the surface disruption from our operations.

•Well and Casing Integrity: We ensure that the wellbore is structurally sound and that no leaks exist: wellbore fluids are isolated from the surrounding earth by casing and cement, and the casing is pressure-tested prior to any hydrocarbon production. Casing integrity is ensured throughout the process by continuous monitoring of annular pressure. The casing and cement ensure zonal isolation of oil and gas during the producing life of the well.

•Reducing air emissions: The Termo Company is continuously evaluating emission-reduction technologies as its operations become more efficient. We recognize the global concern about the potential impact of greenhouse gas (GHG) and other air emissions on the environment. Our efforts include vapor recovery on production systems, dust control on roads and facilities, erosion control for disturbed areas, and quarterly equipment leak detection and repair audits. In addition, we use processing equipment to remove methane from produced water preventing possible escape to the atmosphere. Consistent with our environmental commitment, we continue to implement measures to reduce atmospheric GHG emissions and integrate air quality programs into our business practices.

•Health and operational safety: We live by these key health and safety principles: protecting the environment in which we work is a core value for The Termo Company. Workers communicate with us daily about operations and identify potential hazards. If an unforeseen event occurs, we will report the incident. Then we follow the procedure to clean it up properly, work diligently to determine why it happened and identify what we will do to prevent re-occurrence.

•Hiring and maintaining highly respected contractors: We use outside contractors to perform drilling operations on our behalf. We rigorously review the qualifications of each contractor, including environmental, health and safety records as part of our internal commitment to The Termo Company’s contractor selection process. We also retain independent third party inspectors to monitor operations on our drill sites.

In summary, we will always try to do the right thing and implement the appropriate management systems. This includes developing customized procedures, procuring equipment as necessary and using the best practices available. If a job can’t be done in a safe and environmentally conscious manner, we won’t proceed until we can do so in a responsible way.

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