Triton American Energy Corp., Houston, (OTCBB: TRAE) and CML Financial have formed Triton American Well Services LLC, an all-in-one energy service, production and management company. Louis Guidry, president and chief executive of Triton American Energy, will oversee all operations as chairman and chief executive. TAEC and CML are each retaining a 45% ownership of Triton American Well Services, while Weekley Energy Group I LP will own 10%. TAEC will furnish its workover rig and jet-drilling rig. CML will provide employees to man all rigs and provide oil leases. Weekley Energy will provide a thermal pulse unit for of enhanced oil recovery. Management for the new company includes William B. Weekley, president; Paul T. Cothran, vice president, business development; and David A. Cothran, vice president, operations.
Recommended Reading
TotalEnergies Launches Wind Project to Power North Sea Platform
2024-08-29 - TotalEnergies’ floating offshore wind turbine will be located 2 km west of the Culzean gas production platform and is expected to be fully operational by year-end 2025.
Energy Transition in Motion (Week of Sept. 6, 2024)
2024-09-06 - Here is a look at some of this week’s renewable energy news, including $7.3 billion in clean energy funding for rural Americans.
Equinor, Dominion Place Winning Bids in US Offshore Wind Sale
2024-08-14 - The offshore wind lease sale for two areas in the Central Atlantic brought in nearly $93 million, according to the U.S. Bureau of Ocean Energy Management.
Energy Transition in Motion (Week of Oct. 11, 2024)
2024-10-11 - Here is a look at some of this week’s renewable energy news, including nearly $7.9 million in bids for geothermal leases in Nevada.
Ørsted, Mission Clean Energy Form Energy Storage JV
2024-08-08 - The initiative marks Ørsted’s first standalone battery storage partnership in the U.S. and globally.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.