Visit us at NAPE 2012, Houston
February 16, 2012
Termo will be attending NAPE 2012 in Houston in full force this year. In attendance will be David Combs, CEO, Paul Buika, Managing Geologist, Terry Allred, our new Land Manager, and Ralph Combs, Manager Corporate Development. We look forward to catching up with old friends and making new ones, so if you are attending, stop by Booth 3729 and say hello.
Termo increases existing production 11% through optimization
January 6, 2012
Termo continues to execute on its optimization strategy having made significant internal production gains since early summer when several leases were shut-in or production curtailed due to regulatory and operational issues.
From January through October 2011, oil production increased 11.7% and gas production has increased 5.8%. This increase is largely attributed to decreasing down-time and re-examining marginal wells. The analysis of marginal wells lead to several actions being taken such as cleanouts, acidizing, adding additional perfs, or changing pumps.
In comparison U.S. crude oil production during this same period grew 5% nationally; regionally the Rocky Mountain regions increased 4%, the West Coast region 6%, and Louisiana onshore declined -2%. (Source EIA)
We are extremely pleased to beat the national production gain and thank the dedication of our engineers and field personnel.
Penta Resources offering a portion of the Bull Moose Prospect
October 11, 2011
Termo is partnering with Penta Resources of Lafayette, Louisiana in the Bull Moose Prospect to test the reserve potential of the Marg Tex 2, Stuart A and Bol Mex 2 sands. Penta has a 45% working interest available for purchase subject to a 20% carried working interest with a cash consideration of $120,000.00. The leases are delivered at a 72%
Please see the Case Study Section of the Termo Website for more information.
Strong Financial and Operational Performance Continues
September 12, 2011
9/12/2011 - Long Beach, California
Even in our recent topsy-turvy market conditions, Termo has been performing strongly. We have increased our operational and capital spending to make necessary and voluntary operational enhancements that will benefit the company and our partners going forward.
- Operations revenue is up 40% over the previous year’s same time period aided in part by hedges put in place when oil was $110/bbl.
- Gross profit margin is hovering at 65%
- Net profit margin is in the 20% range
- ROE has doubled from this same time last year
- Production and reserves are up over last year
Heat Sweeping the Country
August 31, 2011
The recent heat wave that has hit much of the U.S. is putting heat-illness prevention in the spotlight for safety professionals as they try to protect workers. Since heat can cause workplace injuries and illness, it is important for workers to be protected against the heat, sun exposure, and other hazards that could result in severe injury.
For outdoor workers, this means being at risk for heat-related illnesses, including heat exhaustion and heat stroke. Employers must take the precautions needed to protect outdoor workers:
Have a work site plan to prevent heat-related illnesses and make sure that medical services are available to respond to an emergency should one occur.
- Provide plenty of water at the job site and remind workers to drink small amounts of water frequently - every 15 minutes.
Schedule rest breaks throughout the work shift and provide shaded or air conditioned rest areas near the work site.
- Let new workers get used to the extreme heat, gradually increasing the work load over a week.
- When possible, schedule heavy tasks for earlier in the day.
Workers should be trained on the symptoms to watch for that indicate heat exhaustion or heat stroke in themselves and their co-workers, and make sure they know what to do and how to summon emergency aid.
Water, Rest, and Shade are KEY!