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I grew up in the Oil and Gas business. It’s in my DNA. My father worked for Standard Oil and our family lived all over the world – including locations such as Saudi Arabia, Iran, and Lebanon – so early on I developed a taste for the diversity and excitement of new places. Mechanical design is one of the most interesting aspects of this business. I’ve seen technical breakthroughs that rival the miracles you would typically associate with NASA, and I’ve patented about 34 inventions. To this day, I’m still amazed and inspired by the sheer size and complexity the machinery we build and use in the exploration and production of Oil and Gas.My second area of expertise is business, especially financing of large-scale energy projects and the turnaround of under-performing companies.I feel very fortunate to be working in this business, because I’ve had the privilege of working with some of the brightest, most enjoyable, can-do people in any industry anywhere in the world! HIGHLIGHTS• Pioneered Several Financial and Technical Breakthroughs in the Global Oil & Gas Industry.• Passionate interest in commercialization of new technologies. Longstanding industry reputation for ethics, straight talk and innovation. Worldwide network of contacts in the Oil and Gas industry. Experience in Europe, Middle East, Asia, Africa, Australia, and the Americas.• TURNAROUND EXPERT: Led Particle Drilling Technologies out of bankruptcy during financial crash of 2008–2009. Played key role in turnaround and sale of Smith International’s drilling BU (Pathfinder) to Halliburton.• INDUSTRY PIONEER: Led development and commercialization of Medium Radius Horizontal Drilling, which revolutionized recovery of oil and natural gas (first implemented in Europe in 1989–1991). • BUSINESS LEADER: Known for exceptional communication and people skills. Recruits and motivates top talent. Credible and media-savvy presence during press interviews, client meetings, and investor presentations.
Eolo Ventures
View- Website:
- eoloventures.com
- Employees:
- 5
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Non Executive Board MemberEolo VenturesHouston, Tx, Us -
ManyMany Companies Jun 2023 - PresentHouston, Texas, United States
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Ceo, President And Executive DirectorParticle Drilling Technologies, Llc Jul 2014 - 2019Houston, Texas -
Ceo, President And Executive DirectorParticle Drilling Technologies, Llc Jan 2006 - Aug 2014Houston, Texas -
Ceo, Executive DirectorIntegrated Drilling Equipment Holdings Corp. (Irig) Aug 2014 - Jan 2016Houston, TexasIDE is one of the largest global suppliers of state-of-the-art turn-key drilling rigs. We are a one-stop-source for the engineering and manufacture of complete rigs, inclusive of all automation, complete VFD systems, electrical, hydraulics, walking systems and provide third party equipment and service for both offshore and onshore markets. We enable drilling contractors and operators access to drilling rigs that meet or exceed the very best available standard in any market worldwide. -
Ceo, President And Executive DirectorParticle Drilling Technologies (Nasdaq: Pdrt) Jan 2006 - Jan 2009Houston, TxManaging all aspects of R&D, manufacturing, HR, finance, sales, and investor relations for this oilfield service and technology company.• Opportunity and Challenge: Particle Impact Drilling is a breakthrough technology that cuts through hard rock up to 6X faster as compared to conventional drilling methods (saving, on average, $400,000 per well). • Operational Turnaround: Led a comprehensive overhaul of the company including R&D, business development, field trials, production, and commercialization. • Financial Turnaround: Led PDT out of bankruptcy following the Lehman collapse in September 2008. • Identified a stalking horse and lender for debtor-in-possession (DIP) loan. Conducted an auction, filed a prepackaged chapter 11, and emerged from bankruptcy in less than 90 days as an LLC with a sole investor.• Led multiple, successful campaigns to raise capital, including a private placement and a rights offering (a first for the Oil and Gas industry in the USA).• New Business Development: Secured commitment with Shell, Encana, Conoco Phillips, Oxy, Newfield, Chesapeake, and Gasco. Achieved twelve field trials of prototype equipment in UT, TX, WY, and OK.
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Vice President: Drilling ServicesWeatherford International 2002 - 2006Houston, TxAccomplished priority #1, namely, to increase annual sales of Drilling Services BU from $229M to $720M. Led a 980-person organization and 17 direct reports. • Created the Drilling Hazard Mitigation product line by consolidating Solid Expandable, DwC, and DwL, which cut well-construction costs by roughly 10%. • Consolidated and turned around the MLT and Casing Exit businesses. Achieved double growth, near triple profit, and #1 ranking as market leader. Completely reorganized the Liner Systems BU. • Led development of a commercial Solid Expandable product for BP (acquired $1.75M customer funding). • Improved the Directional Drilling and LWD business via development of proprietary, cost-effective systems. Identified the need for acquisition of a Directional Drilling and LWD company and led pre M&A activities. -
Director: Advanced Well Construction SystemsHalliburton Company 1993 - 2002Various Locations WorldwideInvented a step-change advanced well-construction system and led R&D through prototyping and field trials.• In 2001, this project became the industry’s largest-ever upstream technology development program (annual budget of $9M with 93 engineers and staff). Managed all phases of the project from conception of basic idea, development, testing, and project funding.• Jointly unveiled the project with Dick Cheney at the Offshore Technology Conference (OTC) in 2001. Secured $7.2M total of external funding commitments from Statoil and BP. • Regional Manager for Europe and Africa (1993–1997): Led 625-person organization with annual revenues that grew to $475M. Managed Drilling Systems, LWD, Wireline Logging, and Perforating BUs in Europe and Africa. Secured major new contracts with Chevron, Sonatrach, BP, Statoil, Apache, and Shell. Improved revenue and year-over-year profitability for all but one case. -
Vice President: Asia/Pacific, Middle East, North And East AfricaSmith International 1990 - 1993SingaporeAs member of a 3-person team, helped consolidate Smith's autonomous BUs into 4 geographic regions. • Cut overhead and direct expenses. Restored SI’s ongoing business to profitability and paved the way for sale of SII Drilling Services BU to Halliburton in 1993. • Established the first drill bit manufacturing joint venture in Indonesia. New JV contributed significantly during its first year and doubled product volume in its second year.
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Bussiness Unit ManagerBaker Hughes 1979 - 1990Worldwide Locations• Led team that implemented the first commercial application of Medium Radius Horizontal Drilling in Eastern Hemisphere. • Developed tools and techniques that are still in use and achieved financial results that are still standing. Initially developed highly specialized tools and techniques that proved successful for applications in the North Sea. Later expanded throughout Europe, Eastern Hemisphere, and the Americas.
Jim Terry Skills
Jim Terry Education Details
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Ashridge College Of London, 1989Leadership Development For Executives -
International Marketing -
Bhs -
University Of Texas, 1979Advanced Drilling Practices
Frequently Asked Questions about Jim Terry
What company does Jim Terry work for?
Jim Terry works for Eolo Ventures
What is Jim Terry's role at the current company?
Jim Terry's current role is Non Executive Board Member.
What is Jim Terry's email address?
Jim Terry's email address is jt****@****ing.com
What is Jim Terry's direct phone number?
Jim Terry's direct phone number is +171389*****
What schools did Jim Terry attend?
Jim Terry attended Ashridge College Of London, 1989, San Francisco State University, Bhs, University Of Texas, 1979.
What are some of Jim Terry's interests?
Jim Terry has interest in Animal Welfare, Children, Education.
What skills is Jim Terry known for?
Jim Terry has skills like Oilfield, Upstream, Petroleum, Energy, Drilling, Natural Gas, Energy Industry, Oil And Gas Industry, Onshore, Gas, Directional Drilling, Offshore Drilling.
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