Cycle Energy’s CEO Mr. Michael McLaren says, “The purchase of Harvest Petroleum is a strategic purchase for Cycle as we aggressively move ahead into the US market with a trusted partner as well as an officer of our business” Mr. Michael McLaren further said:”Cycle Energy is eager for Harvest to be part of our group. This purchase will instill greater motivation and drive into Cycle’s expanding resources in the oil and gas, oil and gas services, and field recognized Cycle Energy technology”
Mr. Robert Harvey Brings Extensive Experience to Cycle Energy’s Team
Bob Harvey has more than 20 years’ experience in the upstream oil and gas market. He is the Founder of Harvest Petroleum, Inc., at Texas (1998 — present), Louisiana (1998 – 2007), and California (2016 – current ). Bob has been active in all phases of drilling, completions, infrastructure build-out, manufacturing, operations, plugging; and discipline remediation. In brief, if you’re trying to find a veteran operator in both the US and Canadian gas and oil scene, Bob Harvey is your guy.
Bob started his grand career in the oil and gas industry in 1989. Bob started in business growth for American Cascade Energy of Houston. By 1990 he formed American Discovery Energy, Inc (ADE) to purchase non-operated pursuits in Texas, Kansas and Northern California. Bob’s generational oil and gas success provides assurance to Cycle’s expanding acquisitions and performance.
He, together with other industry partners, made a significant gas discovery in the Sacramento Basin of Northern California, completed in 1993, called the Bloomfield #1-11, near Brentwood California; which was awarded the”Well of the Year”: by the American Drilling Engineers Association. Congratulations Bob!
About Harvest Petroleum
Harvest Petroleum has been a registered Operator in California, Texas and Louisiana for gas and oil field operations since 1996 and with real drilling operations for more than 8 decades ago Harvest Petroleum has participated in over 200 wells in various phases of petroleum and gas field development. Harvest Petroleum can function as a contract operator for different owners. We work with business partners regarding drilling, re-working, and enhancing existing production in West Texas and Central and Northern California. We have operated or participated with other industry associates in the producing basins of Texas, Louisiana, California, Kansas, Oklahoma, and Colorado.
About Cycle Energy Industries
Cycle Energy Industries is a Canadian firm based in the province of Alberta, along with a exceptional energy supplier that operates three vertically integrated business units at the WCSB (Western Canadian Sedimentary Basin). We have established a vertically integrated business where every subsidiary creates value and adds support to another.
Cycle Oil and Gas focuses on acquiring & Assessing oil & gas resources and uses in-house developed & licensed technologies to increase production, optimize performance & reduce costs. The company currently generates approximately 100 barrels/day of oil in addition to several non-operational properties and GORRS(Gross Overriding Royalties).
Cycle Energy Services supports our Exploration and Production (E&P) staff with services and end of life reclamation which gives the E&P company an unprecedented advantage over its competitors. This business plan excels by providing services which could otherwise be too pricey and not financially feasible for certain workovers or turn around jobs. The focus of Cycle Energy Services is mainly ending of life threatening and reclamation of all non-producing assets. The business excels by providing fixed cost services through our custom rigs and equipment that results in decreased time onsite, faster rig in and rig out instances in addition to reduced variety of vehicles on site. Cycle’s efficiencies reduce the amount of fuel burned to complete the abandonment and lessens the carbon footprint to abandon wells.
Cycle Energy Technologies provides both R&D capabilities in addition to previously developed and certified technologies which aid in improved production, decreased operation and lifting costs as well as gas and oil field intelligence. Cycle Energy Technologies flagship technology is our mobile GTL (gas to liquid) platform we have been developing and are currently implementing. This technology brings increased value to the group through Cycle’s internal generation of gas. The value is added by turning the gas into chemicals and C5+ hydrocarbons as a 3-4x multiple that is industry groundbreaking.