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REDCO Equipment Sales Ltd. is a Edmonton, AB-based company in the Energy & Utilities sector.
Harry Paul Weitzel, also known as Hap, has been Senior Vice President and Secretary of Enterprise Products Holdings LLC, General Partner of Enterprise Products Partners L.P. since January 5, 2015 and has been its General Counsel since April 2016. Mr. Weitzel is responsible for all legal functions of the Company, including securities, litigation, employment, mergers and acquisitions and commercial transactions. He has extensive experience as a commercial litigation partner with several firms and at Pepper Hamilton in Irvine, California. His area of practice is in civil trials and arbitrations in which he has successfully represented individual, corporate and governmental clients as plaintiffs and defendants. Mr. Weitzel has extensive experience as a commercial litigator, having practiced over 24 years in Texas and California. He served as Deputy General Counsel of Enterprise Products Holdings LLC from January 2015 to April 2016. Mr. Weitzel has tried cases in state and federal courts, as well as arbitrations under the AAA, JAMS and the ICC. He has handled appeals in state and federal courts. Prior to joining Enterprise, he was a commercial litigation partner with Pepper Hamilton LLP in Irvine, California from October 2009 to December 2014. He has been a Director of Enterprise Products Holdings LLC, General Partner of Enterprise Products Partners L.P. since November 7, 2016. Mr. Weitzel earned a Bachelor of Arts degree in Political Science from Texas Christian University and JD from Harvard Law School.
Prolite Systems Inc. is a Maple Ridge, BC-based company in the Energy & Utilities sector.
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.
FracGeo provides decision makers, asset managers, engineers and geoscientists with Shale Management™ solutions for sweetspot and landing zone selection, adaptive asymmetric frac design, and completion and well spacing optimization in unconventional and tight reservoirs to improve asset ROR and well performance. The 3D seismically driven geological and geomechanical fracture modeling software and services focus on the estimation, throughout the reservoir volume, of stress gradients and subsurface properties affecting hydraulic fracturing and SRV development. These include rock geomechanical properties, pore pressure and natural fractures, and additionally their complex interaction with regional stress before and during hydraulic fracture stimulation. FracGeo`s fracture geomechanical simulator uses new and fast computational tools integrating geoscience and engineering in a way that has not been done before, allowing the completion engineer to quantitatively adapt the hydraulic fracture treatment based on these varying reservoir properties to achieve the optimal stimulation which accounts for variable stress gradients in the subsurface.