...he has been instrumental in the company’s success thus far...
Atlanta, Georgia (PRWEB) July 29, 2012
MissionIR would like to highlight Santa Fe Petroleum, Inc., a publicly traded company whose primary mission and goals are designed to identify and exploit oil and gas projects with the highest potential for success and the highest possible return on investment. Santa Fe's strategy is to seek out undeveloped oil and gas fields in existing trends or unknown formations that offer the greatest potential to access virgin reservoir pressures, thereby enhancing the opportunity to capture substantial oil and gas reserves.
In the company’s news last week,
Santa Fe Petroleum announced that the company appointed 16-year industry veteran, CEO of Santa Fe Petroleum, LLC, and long time company visionary, Tom Griffin, to the position of President and Chairman of the Board.
Santa Fe Petroleum is an affiliate of SFPI and Griffin’s original E&P firm. Boasting returns on investment of as much as 3:1 for some of the highly successful oil and gas projects he held over watch on, Tom’s management capabilities for overall drilling/production design are self-evident.
In many ways this has been a long time coming for Tom, as he has been instrumental in the company’s success thus far, applying his nearly four decades of firsthand experience developing diversified ventures, including several key JV’s, again and again demonstrating at each step that his personal dedication to detail, communication, and productivity policy refinement were fundamental to success.
CEO and CFO of SFPI, Bruce Hall, boldly pointed to the masterful business plan devised by Griffin as chief among reasons for the appointment, a plan encompassing growth of the mineral interest acreage leasing footprint, the company’s portfolio of horizontal/vertical oil and gas drilling/production assets, and even the long-term evolutionary targets. Hall noted that the significant track record Tom has created for competently building up and increasing the punching strength of oil and gas E&P’s would be a driving force behind increased capitalization in the company’s current market focus, with numerous opportunities being made accessible thereby.
Tom is the kind of guy who will prove indispensible as SFPI aggresses the larger domestic shale environment. Santa Fe is looking to strike hard and fast in pursuit of a diverse footprint of high-value resources in the many emerging U.S. shale plays, confident that the company possesses the kind of operational strength required to identify targets and execute towards production goals.
The evolution of Santa Fe Petroleum included establishing several support companies, like the land management segment tasked with overseeing acreage leasing concerns, a pipeline unit dedicated to figuring out all gas well logistics (including cross-county transmission lines for intrastate sale), and even an online oil and gas sales division. This modular approach to developing the support apparatus needed for Santa Fe Petroleum, along with the clear success record Griffin has established elsewhere, are brilliant hallmarks of the kind of forward momentum he will bring to the Presidency of SFPI. Griffin’s obvious managerial skills are precisely what the company needs in a Board Chairman as well, and shareholders will be looking to reap the rich rewards his leadership is expected to foster.
The domestic oil and gas sector is really heating up in recent years, with more discoveries and activity then you can shake a stick at. North America is experiencing a massive spike in E&P activity, something for which SFPI has positioned itself quite nicely. With the company’s James Lime-targeting (chalky limestone sandwiched between the Bexar and Pine Island shale) Huxley field bearing significant, clean, high-value gas at relatively shallow depths of only 6,100 feet, and the Santa Fe Spindletop field seated right between two fields that have produced considerable output from the Smackover Formation (20.5M bbls oil and 48.4B cubic feet of natural gas), SFPI is already primed for big profits, even before considering acquisitive vectors.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.