INEXS™ Connects Dots between Acquisitions & Divestitures and Human Resources Crisis
The Interactive Exploration Solutions Company Sponsors pre-NAPE Event and Exhibits at NAPE Booth #3425
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HOUSTON (Feb. 2, 2009) – INEXS, a relationship-driven geological and geophysical interpretation consulting company, kicked off 2009 NAPE Expo activities by sponsoring the A&D Forum's pre-NAPE Networking Happy Hour on Thursday at Massa's Restaurant. NAPE officially begins Feb. 5 in Houston.
"INEXS believes it's critical to the industry to encourage interaction and to foster relationships; that's why we sponsored the A&D Forum event, in addition to supporting it with a white paper," Craig Davis, INEXS president said.
INEXS, in its latest white paper, connects the dots between the acute shortage of geoscientists and a predicted increase in acquisitions and divestures (A&D). INEXS posits that the economic credit crisis and dropping crude prices are setting the stage for an oil industry consolidation in North America in which cash-rich energy companies continue growth by purchasing cash-constrained companies unable or unwilling to borrow. Geological services are a necessary step in the A&D process. However, without experienced geoscientific staff, oil companies that either want to acquire new properties or divest themselves of potential producing assets will not have the right team in place to make the most profitable decisions. The INEXS white paper entitled, "Where have All the Geoscientists Gone?...And Why It is a Big Problem for the Energy Sector," highlights long-term solutions, as well as immediate remedies to the crisis. The INEXS white paper will be available at the INEXS NAPE Booth #3425, where INEXS management will be present to outline possible solutions to the A&D challenges faced in this troubled economy. Additionally, the white paper will be posted on the INEXS Web site (www.inexs.com).
About the A&D Forum
The pre-NAPE networking event is one of two hosted by the the A&D Forum in addition to monthly luncheons, all aimed at networking oil and gas buyers and sellers.
About the NAPE Expo
NAPE Expobrings state-of-the-art prospects and properties from around the world, advanced technology and energy capital formation together in one location.
About INEXS™
INEXS™ is a relationship-driven geological and geophysical interpretation consulting company offering a full range of services (regional geologic studies, exploration evaluation, integrated field studies, A&D assistance) – all evaluated and delivered using the latest technologies by highly skilled, experienced, and relational human beings.
Hector Sepulveda Appointed Vice President of Business Development
Interactive Exploration Solutions, Inc. (INEXS™), a relational geological and geophysical interpretation consulting company, recently appointed Hector J. Sepulveda as Vice President of Business Development.
INEXS President Craig Davis said that the addition of Sepulveda would ensure INEXS continued, exponential growth trajectory, which is slated to increase by 50 percent this year.
Sepulveda brings to INEXS a quarter century of energy industry knowledge and skill, including global experience from working in Algeria, Angola, Bolivia, former Czechoslovakia, Chile, Colombia, Ecuador, Gabon, Gulf of México, Guyana, Indonesia, Mexico, Nigeria, Tunisia, and Venezuela. His worldwide work experience complements INEXS foray into the international arena with its recent study of a 1.4-million acre oil concession in the Republic of Yemen.
Sepulveda, a Certified Professional Geologist, is active in the Society of Exploration Geophysicists, the American Association of Petroleum Geologists, the Houston Geophysical / Geological Societies, and the Applied Geodynamics Laboratory – Salt Tectonics group.
He earned a master's degree from the University of Texas in Dallas and his bachelor's degree from Stephen F. Austin State University.
"I'm really pleased to be at INEXS, where the emphasis is on the personal relationships we share with our clients," Sepulveda said.
About INEXS™
Interactive Exploration Solutions, Inc. (INEXS™) is a relational geological and geophysical interpretation consulting company offering a full range of services (integrated field studies, exploration evaluation, regional geologic studies, A&D assistance) – all evaluated and delivered using the latest technologies by highly skilled and experienced human beings.
INEXS™ studies Epsilon Energy Ltd. oil concession in the Republic of Yemen Epsilon Energy Ltd. (Epsilon)
Epsilon Energy Ltd. (Epsilon) recently commissioned INEXS, the Houston-based relational geological and geophysical interpretation consulting company, to study a 1.4-million acre oil concession in the Republic of Yemen.
Epsilon (TSE: EPS) has exploration, development and production rights to approximately 902,000-gross leasehold acres in the United States and Canada and approximately 1.4-million leasehold acres in the Republic of Yemen.
The INEXS mapping project delineated the productive Al Waya Field and four additional large structural prospects. Additionally numerous leads were mapped.
Because of INEXS recommendations, Epsilon signed a farm-in agreement with Oil and Gas Mine Company (OGMC) to acquire 57.14 percent paying interest in the Block 41 Production Sharing Agreement, located onshore in Yemen. A five- to 10-well program is slated to commence in February.
INEXS President Craig Davis explained that in Yemen there is a strong correlation between surface structure and sub surface structure. Therefore, there is more seismic slated for evaluation this year. “The integration of all geological science is the foundation of the successful relationships that INEXS shares with its clients,” Davis said.
This sentiment was echoed by Epsilon President and CEO John K. Wilson: “INEXS has been a key resource in our pursuit of international assets, wherever we need them, whenever we need them, they have delivered. Experienced professionals providing thorough evaluations on a wide range of assets in a timely manner, we’ve been impressed,” Wilson said.
About Epsilon
Epsilon’s strategy involves developing a well-balanced inventory of oil and natural gas projects in the Middle East and North America, including high potential oil properties in the Republic of Yemen coupled with lower risk natural gas properties within the Appalachian basin in the United States. The corporation employs the strategy of acquiring oil and natural gas leasehold rights near areas of existing established production, with the goal of converting the acquired leasehold rights into proven oil and natural gas reserves, followed by production that optimizes cash flow and return on investment.
Buccaneer Resources Signs INEXS™ as Preferred Service Provider
Buccaneer Resources, an emerging oil and gas exploration, production and resource firm, announces the addition of Interactive Exploration Solutions, Inc. (INEXS) to its network of preferred vendors.
Buccaneer Resources continues to develop its offering of operator solutions – which combine equity partnership with the resources required to get the job done - by signing INEXS to its list of preferred suppliers. INEXS geologists and geophysicists have significant experience in the oil industry and a wealth of expertise in computer-aided exploration tools. Their combined backgrounds cover experience in all the major petroleum provinces worldwide. Buccaneer recognizes the ability of INEXS to contribute a high level of quality services to any oil and gas project, and the energy company is looking forward to integrating INEXS into its premium network of preferred suppliers.
“The addition of INEXS to our preferred provider network is a significant step toward ensuring that we can continue to surface quality prospects and further reduce risk for our investors and stakeholders,” said Curtis Burton, CEO of Buccaneer Energy.
“INEXS looks forward to working closely with Buccaneer,” commented Craig Davis, president of INEXS. “Our geoscientists will bring their successful oil- and gas-finding experience to Buccaneer's new drilling prospects, and our relationship with Buccaneer will help the company identify more drilling opportunities sourced from our own contacts.”
About Buccaneer Resources
Connecting scarce service-industry resources with capital and quality prospects, Buccaneer Resources has stepped into a resource-constrained world to offer services, equipment and capital to both small and large independents, with the ability to meet the most specific needs. Buccaneer Resources has negotiated special rates with a group of service, hardware and drilling rig providers and can offer client companies in nearly any segment of the upstream industry access to its network of equipment and services.
Buccaneer is actively building capital and resource solutions for multiple prospects, both onshore and in the Gulf of Mexico.
[Release courtesy of Buccaneer Resources.]