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SIPES Luncheon: October 17, 2019
October 17, 2019 @ 11:30 am - 1:00 pm CDTFree – $50
Jory Pacht’s presentation, Energy 101, will discuss energy use, access and consumption in the context of a global economy.
About Our Speaker
Dr. Pacht began his career at ARCO in the exploration research department in 1980, where his work focused largely on using seismic and wireline data to delineate depositional sequences and facies. One of his projects resulted in the development of a new program to analyze closely spaced well-log data – a predecessor to today’s 3D reservoir analysis programs. ARCO recognized his contribution in its 1987 Annual Report and his team was credited with adding $350 million of reserves from the Long Beach Unit – Wilmington Field. His work continued at RPI International as a Senior Scientist working on sequence stratigraphic and structural projects and at TGS-Calibre as the principal geoscientist on large regional offshore studies in the Gulf of Mexico and offshore Africa. In 1992, Dr. Pacht founded Seis-Strat Services, Inc., a full service geological and geophysical company which employed up to 35 geoscientists in seven countries on a full-time and contract basis. He sold Seis Strat Services in 2007 to a staffing company.
In 2003, Dr. Pacht started EnergyQuest, an oil and gas production company with two other partners. They became EnergyQuest Resources in 2004 and they purchased and developed oil and gas fields in Oklahoma, Kansas, Louisiana and Texas. In particular they developed a large CBM position in the Cherokee Basin in Oklahoma and Kansas. In 2007 EnergyQuest sold their conventional assets to Layline Production and their unconventional assets to Constellation Energy Partners for a total of $137,000,000. Shortly thereafter, Dr. Pacht and his partners started EnergyQuest II, which owned and operated multiple oil and gas fields in Louisiana and Texas. EnergyQuest II was producing approximately 5500 BOEPD when Dr Pacht and his partners sold the producing assets to TPIC in 2010 for $265,000,000.
Dr. Pacht started Altair Resources LLC shortly thereafter and served as President. In 2013 he has assembled a team and secured Private Equity Funding from Ridgemont Equity Partners to form Pintail Oil and Gas Company where he served as CEO. Pacht and his team completed four acquisitions and operated eight fields producing 1850 BOEPD. Dr. Pacht left Pintail in late 2016 and after doing conventional exploration in the Gulf Coast has assembled a team to conduct unconventional exploitation of conventional Gulf Coast reservoirs. His new company, Strandline Resources, LLC is currently leasing acreage and raising money to begin drilling operations.