Entrepreneur · Oil And Gas Industry Entrepreneur
CurrentThe worst downturn in the history of the oil industry saw prices plummet to $23 a barrel. By May 2016, hundreds of bankruptcies were filed. One of many who found themselves without work, even in the worst of times, I never lost my vision for the future, or the importance of a vital oil and gas industry to our national economy.In the midst of the crisis I started Allen Energy. By initially focusing on networking, building relationships and looking for opportunities I was able to raise $6M to shoot a 3-dimensional (3D) seismic visualization of a proprietary 70 square mile track in San Patricio County, Texas. Based on our findings I secured twenty-one investors, vetted and hired personnel, obtained leasing and permits, conducted the surveys and completed the financial arrangements for the project. Drilling begins in the 3rd quarter of 2018.Similar projects are now on the horizon, and based on my connections, industry knowledge and technical expertise I remain optimistic for a bright future for our industry.If you are looking for help with oil and gas project coordination that delivers results or would like to start a conversation about the oil and gas industry, please connect with me on LinkedIn or email jeff@allenenergyllc.com.✉ Jeff@allenenergyllc.com