Allied Energy
Hires Prominent Oil Operations Manager Curtis William Boyles to
Oversee Lease Acquisitions, Site Licensing, Team Management and New
Oil Production
Carrollton, TX
-- March 15, 2021 -- InvestorsHub NewsWire -- Allied
Energy Corp. (OTC
Pink: AGYP), an energy company focused on acquiring and
reworking provable oil and gas reserves in the most prolific
hydrocarbon areas of the United States, is pleased to announce the
hiring of esteemed Oil Operations Manager and Consultant Curtis
William Boyles. Mr. Boyles is highly regarded within the oil sector
as an Oil and Gas Operations Manager and Consultant with more than
30 years of experience coordinating, leading, and supporting
high-value oil and gas exploration, evaluation, and extraction
initiatives.
Allied Energy CEO George
Monteith stated: "Hiring a prominent Oil Operations Manager
demonstrates our commitment to investors to build the Company
smartly and rapidly. Mr. Boyles has a sterling reputation within
the oil industry as colleagues know his long list of industry
successes. This past week, I have observed that oil stocks have
received much favorable attention and I'm thankful that Allied is
in a hot industry sector. But one must ask are those oil companies
that are boasting massive numbers actually producing oil or are
they just collecting leases and speculating about possible reserves
still in the ground? Allied is in the business of actual oil
production and making every stride necessary to cost-effectively
bring significant oil reserves from the ground to our storage tanks
to real buyers. Curtis is an integral part of that business and the
Company is thrilled that he is now part of our
team."
Mr. Boyles' immediate
responsibilities will be to secure all necessary operations,
drilling, and water well injection permits at key Company project
locations. Mr. Boyles will also keenly evaluate all potential
acquisitions and joint-venture endeavors, beginning with the two
wells in northern Texas announced in the Company's press release on
March 4. Mr. Boyles will act as Project Manager securing the
appropriate service personal for the various stages of the drilling
program and oversee the use of cutting-edge 21st century technology
in order to maximize oil production at every
site.
In addition to these
things, Allied will lean on Mr. Boyles to manage the planning
and completion of property
evaluation projects to determine investment potential, develop and
communicate exploratory findings, manage property purchases, and
oversee the implementation of oil and gas infrastructures and
operations.
The Company is pleased to
include some of Mr. Boyles' highlights within the oil industry over
the years:
PROFESSIONAL
ACHIEVEMENTS
o Directed operations of
an oil and gas consulting business that made major
field discoveries of oil and gas
in Refugio and Frio Counties of Texas, which resulted in the
negotiation of a major sale of properties owned by Exxon and Union
Pacific Resources; initiative grew the company to a million-dollar
company within two years.
o Led the operation of
multiple oil and gas wells in many districts throughout
Texas, leveraging longstanding
experience in the field to establish great working relationships
with federal, state, and local regulatory
agencies.
o Co-authored a proposal
for the Department of Energy (DoE) to promote
the establishment of the first
coal gasification and CO2 sequestration and electrical generation
facility in the United States; delivered the presentation to the
DoE, who selected the site for the project
development.
PROFESSIONAL
EXPERIENCE
PACE OIL AND GAS COMPANY |
MATTCO RESOURCES INC. - President (1989 -
Present)
Established and operated
two successful oil and gas well consulting businesses; led
the evaluation of more than 50
properties and managed high-value oil and gas initiatives for
clients, managing all aspects of oil and gas
operations.
•
Deliver comprehensive services in oil and gas well consultations,
working with clients to evaluate oil and gas projects and
acquisitions; determine the feasibility and profitability of
initiatives.
• Direct
the work of industry contractors throughout projects that include
well reworks and well drilling.
• Cultivate strong
business relationships and alliances that advance highly profitable
business opportunities throughout the oil and gas
industry.
• Perform title research
to ensure the legal statuses of properties, advise clients of
property value, potential returns on investment, negotiate oil and
gas leases, and acquire oil and gas properties for
clients.
• Author and communicate
technical reports to convey valuation results of
property analyses, delivering
crucial technical and logistical information to decision-makers
while analyzing investments in oil and gas
operations.
• Develop all required
regulatory reporting, create project proposals, and prepare
Authority for Expenditures (AFEs) to justify project
development.
In addition to oil
consulting, Mr. Boyles formerly served as a Project Coordinator for
Lockheed Missiles and Space Company in Austin,
TX.
The Company invites any
and all interested parties to check back regularly
at https://alliedengycorp.com/ and the corporate
Twitter account https://twitter.com/AlliedEnergyCo1
About
AGYP: Allied Energy Corp. is an energy development and
production company acquiring oil & gas reserves in some of the
most prolific hydrocarbon bearing regions of the United States. The
Company specializes in the business of reworking &
re-completing 'existing' oil & gas wells located in the
thousands of mature oil & gas producing fields across the
United States. The Company applies its knowledge, experience, and
effective well-remediation technologies to achieve higher
production volumes, longer well life, and more efficient recovery
of the proven and available oil and gas reserves in the
fields/projects in which it has acquired an ownership interest. The
Company will utilize updated technologies such as hydraulic
fracturing ("fracking"), drilling of lateral ("horizontal") legs in
productive zones, and utilizing new cased hole electric logging to
locate bypassed pays, all to enhance daily rates and oil & gas
recoveries. By acquiring interests in a growing number of selected
projects in various regions, Allied Energy Corp. is diversifying
its exposure and effectively minimizing risk as it pursues
corporate growth, top line & bottom-line revenues to the
benefit of all stakeholders. There are proven, recoverable reserves
contained in the many aging oil & gas fields that have been
bypassed by companies moving away from these fields in search of
deeper, more plentiful, but more costly reserves. The Company plans
to concentrate on bypassed oil and gas as there is less competition
and as mentioned above, the costs are considerably less.
Additionally, the company will acquire interests in marginal wells
that can be acquired at minimal cost, of which there are 420,000
wells
in the U.S. Quoting Barry
Russell, President of the Independent Petroleum Association of
America ("IPAA") - "With approximately 20 percent of American oil
production and 10 percent of American natural gas production coming
from marginal wells, they are America's true strategic petroleum
reserve."
Safe Harbor Statement This
Press Release may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. The Company has tried, whenever possible, to identify these
forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect the Company's
current beliefs and are based upon information currently available
to it. Accordingly, such forward-looking statements involve known
and unknown risks, uncertainties and other factors which could
cause the Company's actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. The Company undertakes no obligation to update or
advise in the event of any change,
addition or alteration to the information catered in this Press
Release including such forward-looking
statements.
Contact: Allied Energy
Corporation
Phone:
858-876-0633
Email: info@alliedengycorp.com
Twitter: https://twitter.com/AlliedEnergyCo
Allied Energy (PK) (USOTC:AGYP)
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Allied Energy (PK) (USOTC:AGYP)
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