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.
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Exploration Portfolio ManagerLukoil 2013 - 2016Houston, TexasDirected 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. -
Manager, Acquisition, Processing, And InterpretaionLukoil 2012 - 2013Houston, TexasDirected 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. -
Vice President, ExplorationVanco Exploration Company 2007 - 2012Houston, TexasPromoted 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.
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Manager, New Ventures And Business DevelopmentVanco Exploration Company 2004 - 2007Houston, TexasManager 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.
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Senior Geologist, Project MarketingVanco Exploration Company 2003 - 2004Houston, TexasAssembled 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.
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Vice President, OperationsSovereign Oil And Gas Co. 2001 - 2003Houston, TexasManager for the acquisition, processing, and evaluation of geological, geophysical, and geochemical data critical to a worldwide exploration and exploitation program. -
Consultant GeologistEog Resources 2000 - 2001Houston, TexasHired 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. -
Vice President, Exploration And DevelopmentOcean Energy, Inc. (Acquired By Devon Energy) 1999 - 2000Houston, TexasFast-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. -
Vice President, International ExploitationOcean Energy, Inc. (Acquired By Devon Energy) 1998 - 1999Houston, TexasWorked 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
Ronald Wallace Education Details
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Geophysics -
Geology
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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Ronald Wallace
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Ronald Wallace
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Ronald Wallace
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