Vortex Resources Corp. announced this morning that it has retained the services of Trenergy Development LLC to assist the company’s development plans in West Texas as well as assess its options in the extensive Barnett Shale property where it is currently conducting due diligence.
Mr. Jason Lacewell, the principal of Trenergy, has extensive expertise in field development, with a particular interest in the Barnett shale. Trenergy has more than a decade of supervisory experience in petroleum production, completions, drilling and field operations, and brings a wealth of knowledge to Vortex.
Mr. Lacewell has had a successful career with Pacesetter Energy, Inc. where he led a group developing a $125 million Permian Basin program, while also managing Pacesetter’s non operated Barnett Shale interests with Devon Energy (NYSE: DVN). He has also managed 125 MMCFD gas production and later led the sale of $2.2 billion of Chief assets to Devon Energy (NYSE: DVN) and Crosstex Energy (NASDAQ: XTXI). Additionally, he’s been involved in various other projects with Cornerstone Natural Gas Engineering, LP, Republic Energy Inc. and Marathon Oil Co. (NYSE: MRO)
CEO of Vortex, Yossi Attia, stated, “We are very optimistic that with the assistance and guidance of Trenergy, we will be in a position to implement an optimal development plan for our Crockett County program and better assess our movement into the exploration of Barnett Shale. It is this kind of success and expansion that continues to add shareholder value.”
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