Welcome to Harvest Petroleum, Inc.
WE ARE CONSCIOUSLY VALUE DRIVEN
Petroleum has been a registered Operator in Texas and California
for oil and gas field operations since 1996 and with actual drilling operations
for more than 15 years. Harvest Petroleum has actively
participated in over 350 wells in different stages of oil and gas field
Harvest Petroleum can act as a contract operator for other owners.
Details are posted on project history link.
We work with industry partners concerning drilling, re-working, and improving
existing production in West Texas and Central and Northern California.
We have operated or participated with other industry partners in the
producing basins of Texas, Louisiana, California, Kansas, Oklahoma, and
*Licensed CA and TX Operator*
Professional Organizations we support:
SPE - Society of Petroleum Engineers
AAPG - American Association of Petroleum Geologists
HGS - Houston
DGS - Dallas Geophysical Society
CalGem (previously DOGGR)- California Dept. of Conservation
" We are consciously value driven"
Harvest Petroleum remains independently owned and was never acquired by any other company.
Texas Railroad Commission
Operator # 363117
California Dept of Conservation
Operator # 11072
IN THE NEWS! :
May 10, 2023, 9:00 AM CST - One Medium-Size Oil Platform vs. a Giant Wind Farm
By Harvest Petroleum, Inc.
Both installations would produce approximately 12 billion kilowatt hours of energy annually — enough electricity for 2 million European homes or one million U.S. homes annually.
One oil platform produces approximately 20,000 barrels of oil per day, and is the size of one football field.
A comparable windfarm with minimum batterybackup would require 146 Giant GE Haliade-X 12-Megawatt Wind Turbines, covering 110 square miles of ocean.
The all-in costs for both energy sources for installation, maintenance, and the daily cost of producing the energy over 10 years would be as follows:
• Oil Platform: $3.5 Billion
• Wind Farm: $128 Billion
Aug 01, 2022, 5:00 PM CDT - How China Could Send LNG Prices Into The Stratosphere
By Irina Slav - OilPrice.com
*Six years ago, China suffered a severe natural gas shortage and has since been very careful to ensure it has as much gas as it needs before winter.
*One of the few things keeping a lid on natural gas prices this year has been a significant reduction in Chinese LNG imports.
*If China has a colder than expected winter or if there is a change in its Covid strategy, then global LNG markets are sure to get even tighter. Read more...
October 22, 2022 - 5 Trends Shaping the Future of Energy. - Alex Epstein.
Today I gave a 90-minute presentation + Q&A to a group of executives interested in my perspective on the future of energy. I focused on 5 trends shaping the future of energy that I believe most commentators underestimate or overlook. Read more...
August 2, 2022 - The U.S. Energy Information Administration predicts that the global oil surplus will decline from 3.05 million barrels per day this year to 2.92 million barrels per day in 2023. Read more...
July 27, 2022 - California’s oil and gas workers send warning to states about Newsom’s devastating energy policies. California Globe. Read more...
June 30, 2022 -The State of California consumes 1.8 million barrels of oil per day, yet the Sacramento State Assembly continues to push green initiatives at $6.00+ per gallon gas in the State.
June 10, 2022 - The world must brace itself for a further surge in oil prices. Financial Times
JPMorgan"s chief executive Jamie Dimon thinks oil prices could surge to $175 a barrel later this year. Jeremy Weir, the head of commodity trader Trafigura, says oil could go "parabolic". Energy Aspects, a consultancy with clients stretching from hedge funds to state energy companies, says we are facing "perhaps the most bullish oil market there ever has been". Goldman Sachs thinks oil prices will "average" $140 a barrel in the third quarter of this year. Read more...
Oct. 19, 2020 - EIA: Natural Gas is Poised to be More Competitive Than Renewables in China
The U.S. Energy Information Administration recently released its 2020 International Energy Outlook (IEO), delivering some very promising insights into the future of natural gas, driven in particular by demand in Asia. As noted in the report, Asian markets, deprived from local natural gas resources, have a gargantuan need for the affordable and popular energy-source, in order to achieve country-based energy transition targets. Just last year, almost 70 percent of the total global LNG exports were shipped to Asia, with China becoming the largest natural gas importer in 2018. Thus, Asia’s growing natural gas demand translates into promising expansion opportunities for U.S. natural gas producers. Let’s take a closer look into a couple of the outlook’s findings. Read more...
Oct. 9, 2020 - DOE Report Shows the Benefits of a Robust American Energy Industry, Shows Opportunities for the Future
This week, the Department of Energy released a new report, "U.S. Oil and Natural Gas: Providing Energy Security and Supporting Our Quality of Life.
The DOE report details the critical role the oil and natural gas plays in our country. The report not only emphasizes the importance of oil and natural gas to the economy and the benefits of increased production in our country, but also provides an outlook for the future.
"Oil and natural gas provide more than two-thirds of the energy Americans consume daily," said Deputy Secretary of Energy Menezes. "In addition to meeting our energy needs, these fossil fuel resources are integral to our standard of living. This report delves into the importance of these resources, the five key technologies that have supported the industry's advancement, the opportunities for future domestic energy growth, and more."
America's independent producers, IPAA's members, develop 91 percent of the nation's oil and natural gas wells - these companies are innovating every day. As the report notes, 'four decades in research and technology development dramatically changed the technical capacity of the domestic oil and natural gas industry, enabling it to provide abundant and affordable oil and natural gas supplies.' Because of those investments, America has become a net energy exporter, while sustaining high environmental and safety performance levels.
IPAA believes it is important for the nation to fully understand the Energy Department's conclusion that American oil and natural gas will continue to be an essential part of our country's future energy supply - both 'vital to providing our energy security and supporting our quality of life.' READ REPORT.
READ EID REPORT WRITE-UP
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!
April 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.
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
Bob 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.
"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: 2770 Main Street, Suite #270 - Frisco - Texas - 75034 - ofc: 214.281.3200
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