EnergyQuest Resources LP has been
formed with cash and oil properties from
Wayne Greenwalt, Jerry Crews and Jory
Pacht and $25 million in cash from
Quantum Energy Partners, Houston.
EnergyQuest aims to acquire and exploit
primarily along the Texas and Louisiana
coasts, primarily targeting assets in the
$500,000 to $20-million range that contain
existing production with upside recompletion
potential or development-drilling
The management is formerly of Energy
Partners Ltd. (NYSE: EPL), Texoil Inc.,
Aroc Inc. (Pink Sheets: AROI) and Seis-
Strat Services Inc. EnergyQuest can be
contacted at 281-875-6200.
Brazilian oil company Petrobras said it signed a letter of intent on Feb. 24 with Holland’s SBM Offshore to hire a FPSO for the Búzios field in the Santos Basin pre-salt.
Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract on Feb. 24 by Saudi Aramco as part of their long-term agreement program (LTA) with Lamprell.
Total reserves for all products fell to 15.2 billion barrels at the end of 2020.