Ronald Wallace

Ronald Wallace Email and Phone Number

Exploration and Development Specialist
Ronald Wallace's Location
New Ulm, Texas, United States, United States
About Ronald Wallace

Proven Oil Finder, 2.7 BBOE found with high well success rate in exploration (64%) and development (94%). Results-oriented, applying appropriate technology necessary to exceed project goals. Excellent people skills and team player. Conscious of costs, saving over $500MM in course of working experience. Experienced in all basin types, both domestic and international, in over 73 countries. Versatile; technically worked and managed new ventures, exploration, and development projects.

Ronald Wallace's Current Company Details

Exploration and Development Specialist
Ronald Wallace Work Experience Details
  • Lukoil
    Exploration Portfolio Manager
    Lukoil 2013 - 2016
    Houston, Texas
    Directed all prospect resource and risk analysis for exploration projects in Ghana, Cote d’Ivoire, Sierra Leone, and the Black Sea of Romania. Advisor to the Director of Exploration on geotechnical and contractual matters for all projects. Liaison to the Government Officials of the countries where LUKOIL operates concerning license compliance and revisions. Oversaw work program planning, budgeting and approval both internally, with partners and governments.
  • Lukoil
    Manager, Acquisition, Processing, And Interpretaion
    Lukoil 2012 - 2013
    Houston, Texas
    Directed team of 10 professionals responsible for exploration projects in Ghana, Cote d’Ivoire, Sierra Leone, Vietnam and the Black Sea of Romania to include all geophysical and geological types of data acquisition, processing and interpretation.
  • Vanco Exploration Company
    Vice President, Exploration
    Vanco Exploration Company 2007 - 2012
    Houston, Texas
    Promoted to Vice President of Exploration managing a team of 15 professionals responsible for New Ventures, Exploration, and Business Development for all Vanco international projects and properties, including seismic and other types of data acquisition, processing, and interpretation. Planned and executed work programs and budgets in accordance with standard international industry practice and in compliance with governmental contract terms. Worked closely with country representatives and governments to carry out exploration in an efficient and safe manner.
  • Vanco Exploration Company
    Manager, New Ventures And Business Development
    Vanco Exploration Company 2004 - 2007
    Houston, Texas
    Manager of New Ventures and Business Development responsibilities included assembling geotechnical information (displays, brochures, and presentations) appropriate to farmout interest in key properties of the Vanco Portfolio. Also played the lead role in the simulation of a coordinated effort amongst various technical teams to creating a unified, sale directed marketing approach.
  • Vanco Exploration Company
    Senior Geologist, Project Marketing
    Vanco Exploration Company 2003 - 2004
    Houston, Texas
    Assembled geotechnical information (displays, brochures, and presentations) appropriate to farmout interest in key properties of the Vanco Portfolio and technical evaluation of International New Venture opportunities.
  • Sovereign Oil And Gas Co.
    Vice President, Operations
    Sovereign Oil And Gas Co. 2001 - 2003
    Houston, Texas
    Manager for the acquisition, processing, and evaluation of geological, geophysical, and geochemical data critical to a worldwide exploration and exploitation program.
  • Eog Resources
    Consultant Geologist
    Eog Resources 2000 - 2001
    Houston, Texas
    Hired to evaluate geological, geophysical, geochemical, and maturation modeling data as an integrated basin analysis in order to access the hydrocarbon potential of International New Ventures and Development Assets for acquisition.
  • Ocean Energy, Inc. (Acquired By Devon Energy)
    Vice President, Exploration And Development
    Ocean Energy, Inc. (Acquired By Devon Energy) 1999 - 2000
    Houston, Texas
    Fast-track promotions through a series of increasingly responsible leadership roles. Managed a team of 14 professionals responsible for New Ventures, Exploration and Development of all international properties, including reserve bookings. Maintained compliance of the approved annual capital budgets for these departments. Worked closely with the Drilling and Engineering departments in performing all geological operations and due diligence on international wells and properties.
  • Ocean Energy, Inc. (Acquired By Devon Energy)
    Vice President, International Exploitation
    Ocean Energy, Inc. (Acquired By Devon Energy) 1998 - 1999
    Houston, Texas
    Worked with Operator, Mobil, to develop the Zafiro Field Complex in Equatorial Guinea, which has added 1.3 billion barrels oil recoverable reserves. This included the interpretation of 3-D seismic and well data to propose, drill and complete 27 development wells. Through the use of Neural Network and 3-D visualization techniques, a 100% drilling success rate was achieved. Development and use of in-house thin-bed well log analysis technology resulted in a 40% increase in NEP in thin-bed pay zones.Proposed, drilled and completed 12 development wells, as Operator, in the Lion/Panthere fields in Côte d’Ivoire. Achieved a 100% drilling success rate in this complex-faulted field through detailed interpretation and integration of both seismic and geologic data sets, resulting in 77 MMBOE reserves. The Lion Field reached a peak production rate of 20 MBOPD. The Panthere Field continues to produce between 60-100 MCFGPD, depending on the country’s utility needs.Responsible for all geotechnical work involved in annual reserve bookings for international properties, including arriving at a consensus with SEC-approved reserve assessment companies on “bookable” reserves.

Ronald Wallace Skills

Exploration Expert Development Planning Organizational Leadership Business Development Strategic Planning Contract Negotiations Government Relations Strong Technical Skills Due Diligence Drilling Reserves Petroleum

Ronald Wallace Education Details

Frequently Asked Questions about Ronald Wallace

What is Ronald Wallace's role at the current company?

Ronald Wallace's current role is Exploration and Development Specialist.

What schools did Ronald Wallace attend?

Ronald Wallace attended Kent State University, Youngstown State University.

What skills is Ronald Wallace known for?

Ronald Wallace has skills like Exploration Expert, Development Planning, Organizational Leadership, Business Development, Strategic Planning, Contract Negotiations, Government Relations, Strong Technical Skills, Due Diligence, Drilling, Reserves, Petroleum.

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