Termo at NAPE 2013 in Houston

February 3, 2013

Termo will have a booth, and several prospects available for review for qualified entities, at this years Winter NAPE in Houston.  You may find us at booth #1529.  We look forward to seeing new partners and old friends. 

Wishing You a Happy Holiday and a Prosperous New Year

December 21, 2012

As we reflect back on the year, Termo has had some great business ventures and much to be thankful for this past year.  We have had some very successful operated and non-operated drilling projects in Louisiana and California.  We’ve embraced opportunities for institutional growth and continued learning.

The year ahead poses some interesting challenges and opportunities.  Entering our 80thyear of business, we expect to drill several more wells in Louisiana and California, and find the right opportunity to grow our Wyoming operations.  We will be challenged by permitting issues, opposition to hydraulic fracturing, rising service costs, and an uncertain economic climate.  Navigating these and other challenges successfully will provide us with great rewards and it is with thanks to our team members, shareholders, vendors, and neighbors that we will prosper.

Happy Holidays from The Termo Company!

Completion and Production Updates

November 14, 2012

It has been an exciting autumn season for Termo with several new completions and production enhancements occurring.

In Louisiana operations, Termo has completed the St. Martin #26 well in partnership with Luca International Group and Penta Resources. The #26 is the first of three wells in the Bull Moose Prospect originally proposed by Penta.  The well is currently averaging 144 BOPD.  Plans are underway to drill the second well.  In Wyoming, results show well optimization and production enhancements have increased production by over 50% in the Joe Creek Field.  Likewise in California, re-completions and production optimization have significantly increased production in the Aliso Canyon and Oat Mountain fields in LA County.  Termo’s Roosa #4 well is currently producing 130 BOPD.  In late summer Termo drilled and has now recently completed the Sence #41 and #43 wells in Ventura County.  The wells flow tested about 20 BOPD prior to any stimulation.  Termo is currently working with IPT to design a stimulation program and we expect to see a modest increase in production as a result.

Oil and gas, hydraulic fracturing a huge opportunity for California

October 15, 2012

From Energy in Depth and IPAA

In California, there are strict regulations for oil and natural gas wells — requiring multiple layers of steel and cement casing to protect groundwater. Oil and gas companies are working constructively with regulators and lawmakers in Sacramento on measures that will strengthen the state’s oversight of hydraulic fracturing and give the public more information about how it’s done. In fact, California’s oil and gas companies have already started disclosure using FracFocus, the same registry endorsed by many other states with mandatory disclosure regulations.  San Francisco Examiner, Energy In Depth’s Dave Quast.

Profile of Termo from the Long Beach Business Journal

October 9, 2012

A short write up and profile of Termo from the Long Beach Business Journal's Oil and Gas Focused Issue.  We are proud of our Long Beach roots and appreciate the interest shown by the LBBJ and the community. http://lbbusinessjournal.com/long-beach-business-journal-newswatch/160-lof-scroller-articles-12-10-09/960-the-termo-company-a-long-beach-staple-in-the-oil-and-gas-industry.html