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.

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 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
Member of DOGGR - California Dept. of Conservation






NuTech Energy Alliance


trrc
Operator # 363117
Texas RRC.


IN THE NEWS! :

Forget About Oil at $80. The Big Rally Is in Forward Prices

Bloomberg.com : By Catherine Ngai, Alex Longley, and Javier Blas
May 21, 2018 *

Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.

The five-year Brent forward price, which has been largely anchored in a tight $55-to-$60 a barrel range for the past year and a half, has jumped over the last month, outpacing the gains in spot prices. It closed at $63.50 on Friday.

"For the first time since December 2015, the back end of the curve has been leading the complex higher," said Yasser Elguindi, a market strategist at Energy Aspects Ltd. in New York. "It seems that the investor community is finally calling into question the ‘lower for longer’ thesis."

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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861 N Coleman Street, Suite 180 - Prosper - Texas - 75078 - ofc: 972.347.1112 - fax: 972.347.1117 - [email protected]

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