Welcome to Harvest Petroleum, Inc.


WE ARE CONSCIOUSLY VALUE DRIVEN


Harvest Petroleum
has been a registered Operator in Texas and Louisiana for oil and gas field operations since 1996 and with actual drilling operations for more than 8 years. Harvest Petroleum has actively participated in over 200 wells in different stages of oil and gas field development.

Harvest Petroleum can act as a contract operator for other owners.

Details are posted on project history link now!!

We work with industry partners concerning drilling, re-working, and improving existing production in the gulf coast area of Texas and Louisiana.

We have operated or participated with other industry partners in the producing basins of Texas, Louisiana, California, Kansas, Oklahoma, and Colorado.


20th AnniversaryHarvest Petroleum affiliations:
Member of SPE - Society of Petroleum Engineers
Member of AAPG - American Association of Petroleum Geologists
Member of HGS - Houston Geological Society.
Member of DGS - Dallas Geophysical Society






NuTech Energy Alliance


trrc
Operator # 363117
Texas RRC.


IN THE NEWS! :

The Phil Flynn Energy Report 11/03/17

Making Oil Great Again

Phil Flynn
The PRICE Futures Group
Senior Market Analyst & Author of The Energy Report
Contributor to Fox Business Network

The House rolled out its tax reform bill and not only did it put in a big tax cut for all corporations it also gave oil producers an edge by removing incentives for electric vehicles and solar companies.  It is nice to see a piece of legislation that does not penalize the oil industry just because it is the oil industry in favor of alternatives. That may be important, the great oil and product drain continues as global demand is now exceeding daily production level and is signaling major crude oil and product supply drops into the end of the year. Oil and refiners will have to really ramp up as we could see a supply squeeze next year as Saudi Arabia is saying they want a $60 a barrel floor for oil.

The big point for oil and all corporations is the fact that the corporate tax rate would be lowered to 20 percent from 35 percent. While Fox News report that it is unclear if this reduction would be immediate or gradually implemented, either way this is very bullish for oil demand. The reduction in cooperate tax will unleash those competitive animals spirts and corporations will be expected by shareholders to look to take advantage of the tax break. That will cause a surge in economic activity and will increase demand for oil. There will be even more demand for gasoline as the bills takes away the $7500 credit for buying an electric car, so if you want a Tesla you had better buy it now. It also removes that same credit for some solar and geothermal projects but does keep some incentives for renewables in place.

For oil and gas, Bloomberg reports that the House proposal protects three provisions that save explorers billions of dollars annually, while chopping a few others. The legislation preserves the use of the so-called last-in- first-out provision, also known as LIFO. These special accounting rules let companies value crude stockpiles at the price they’re selling for, rather than the original purchase cost. The bill also allows continued deductions of so-called intangible drilling costs and preserves a measure that lets explorers reduce taxable income to reflect the depreciation of reserves.

Read more...


The Phil Flynn Energy Report 11/02/17 : Less Is More!

Phil Flynn
The PRICE Futures Group
Senior Market Analyst & Author of The Energy Report
Contributor to Fox Business Network

Famed architect Mies van der Rohe was famous for his belief that sometimes you can do away with all the ornamentation on building because sometimes less is more. They are now finding that out in the energy space these days, that is also true and if you do less you will be rewarded. OPEC and Non-OPEC found that out when they cut production to shore up prices and reduce over supply. Now some shale producers are getting the message as well. Dow Jones reported that shares of Devon Energy, one of the largest U.S. shale companies, are up 4.2% after the company disclosed plans to spend less next year than some analyst estimates. Devon will invest between $2B and $2.5B on exploration and production, less than the $2.6B or more that had been anticipated, according to Tudor Pickering Holt. The stock surge according to Dow Jones stems in part from interest that has intensified among some investors for shale companies to live within their means, reduce spending and temper their ambitions in the name of improving profitability..

Read more...


Old Oil Is New Again

Companies say conventional wells can be profitable, no fracking required

By Lynn Cook
The Wall Street Journal
Aug. 20, 2017 6:00 a.m. ET

From California’s Central Valley to the Native American lands of Oklahoma, more small- and mid-sized oil firms—many backed by private equity—are forgoing expensive shale drilling projects and opting for old-school wells instead.

As crude prices languish under $50 a barrel, and with increasing costs for land, labor and infrastructure, some shale fracking operations are starting to look expensive. That has some investors turning to...

TO READ THE FULL STORY



See Quotes From Bob Harvey, President Of Harvest Petroleum, in the following article, when oil was far cheaper than today and his perspectives were spot on!

Bob's ArticleApril 2010 - VARIETY OF OIL, GAS PROJECTS KEEP INDEPENDENTS BUSY ON GULF COAST ONSHORE! - By Al Pickett - Special Correspondent

Strong On Oil
Harvest Petroleum’s Bob Harvey says oil development opportunities are vital to smaller independents such as his company. “From our perspective, we do not want to spend a bunch of money chasing gas shales. A small independent has a tough time making money in a crowd,” he offers. “We are strong on oil. Our bread and butter is oil projects in which we can get a good product price without having to deal with so much competition."

Accordingly, Harvey says Harvest Petroleum’s strategy focuses on smaller-sized prospects in the Bakken oil shale in the Williston Basin and lower-risk opportunities in and near existing producing fields in the Gulf Coast. Harvest Petroleum operates a lease near Santa Fe, Tx., in Galveston County, and has a nonoperating share of a 12,000-acre lease in St. Landry Parish in Louisiana.

Smaller independents have to be oriented toward oil,” he claims. “All the big company budgets are going to shale. We can either tag along or look for oil plays appropriate for our size of company.” Harvest Petroleum is looking at several Gulf Coast oil opportunities and analyzing data, Harvey reports. “We have the drilling dollars,” he states. “We are looking for the right deals that fit our position. To justify going for it, we need an ‘oily’ project that fits our investment criteria.”...Go to Full Article


Washington Post Quote where his predictions about the market have come to pass - Feb. 2009.

Robert Harvey, the principal of Harvest Petroleum, Inc., a small firm in Frisco, Texas, said he's looking to invest in four or five drilling projects, perhaps spending as much as $ 2 million in the next couple days. Harvest Petroleum already has interests in wells in parts of South Louisiana and Texas. He figures the economy will rebound sometime next year, and so will the fortunes of the oil industry. "This is a chance to get some good prospects and ride this out, Harvey said. "This thing is going to turn around in 18 months or so, and 18 months is nothing in this business. We look at five, six, seven year horizons." Go to Full Article

Top ProjectBob Harvey, Scott Hector and Andrew Smith receives the honor of the Top Project from a panel of expert judges of American Association of Drilling Engineers.
July/August 1993

"The town may still be unknown to many, but in oil and gas circles the new-found Bixler gas field is synonymous with overnight success.

"We're very pleased with it." Scott Hector, the geologist, says of the discovery well that flowed at rates as high as 21 million cubic feet per day through a less than one-inch choke."
Click on the image on the left to read more...





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NEW ADDRESS: 861 N Coleman Street, Suite 180 - Prosper - Texas - 75078 - ofc: 972.347.1112 - fax: 972.347.1117 - info@harvestpetroleum.com

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