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Schlumberger Limited is an oilfield services company. Schlumberger employees represent more than 140 nationalities working in more than 120 countries.
March Resources Co is a Houston, TX-based company in the Energy & Utilities sector.
Independence Contract Drilling was formed in 2011 as a vertically integrated premium land drilling services provider. From its wholly owned API certified manufacturing facility in Houston, Texas Independence Contract Drilling provides E&P operators the ShaleDriller series rigs. These rigs are fast moving, programmable AC rigs custom designed to be best in class for the development of shale plays and other areas where completions require long horizontal sections. The ShaleDriller is based on a proven rig design with units operating in all major US shale plays as well as Africa, Indonesia and Asia. Driven by superior design characteristics, ShaleDriller rigs provide a compelling value proposition to our customers. The fine control of key drilling parameters offered by ShaleDriller proprietary AC software code allows same-class wells to be drilled in almost half the time required by a mechanical rig and 20% faster than with DC equipment. Combined with the ShaleDriller`s fast mobilization this allows operators to drill four – eleven additional wells per year, per rig.
SeekOps provides end-to-end gas emissions inspection operations to oil and gas customers. These services utilize SeekOps` proprietary sensor technology and Unmanned Aerial System (UAS) deployment. SeekOps services help customers maximize Health Safety Environment (HSE), enhance asset integrity programs, and preserve valuable product. Efficient source detection, localization, and quantification provides unique commercial capabilities for rapid and efficient leak detection with an efficiency five times greater than existing methods. SeekOps handheld and fixed gas sensors are one thousand times more sensitive than competing miniature technologies. These commercial versions are currently being piloted in upstream and downstream environments. SeekOps provides effective solutions for natural gas detection needs to benefit both large and small companies.
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.