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Houston Energy, L.P.
1200 Smith St., Suite 2400, Houston, Texas, United States

Memberships : NA
Industry : Oil & Gas
Basic Member
Since Oct, 2019
About Company

Houston Energy, L.P. (HE) is a privately held independent oil and gas company exploring the Offshore Gulf of Mexico, South Louisiana, and Texas Gulf Coast.  The mission of HE is to economically find and develop oil and gas reserves for its partners.  Formed in March of 1988 by Ronald E. Neal and Frank W. Harrison, III, Houston Energy (HE) stresses quality over quantity in oil and gas prospect generation. The single most important goal is to create and assemble quality drilling opportunities based on a thorough integration and refinement of all available data. Complete integration of the geology and geophysics is necessary to help mitigate risk. This is accomplished by acquiring 3D seismic data, reprocessing when necessary, and applying other geophysical techniques such as prestack migration, AVO, velocity correction, depth conversion, and amplitude inversion. The seismic is then interpreted within the proper structural and depositional geologic framework.  Houston Energys management is technically based with Masters Degrees in Geology. The managers are therefore not only involved in all areas of prospect generation by the staff, but are also prospect generators for the company. Houston Energy believes this insures the highest quality technical prospects.  Other key factors of success are diversity and flexibility. Houston Energy has accomplished this by developing a diversified exploration program concentrating in three separate but distinct producing trends: Offshore Louisiana and Texas, South Louisiana, and Middle Texas Gulf Coast. Within these three trends Houston Energy has the flexibility to play oil or gas, close-in or wildcats, deep or shallow. Because of these factors Houston Energy is able to take advantage of rapidly changing market requirements of the energy industry and maximize return on investment. Houston Energy feels that it is critical to success to remain focused in areas in which HE has a competitive advantage gained from its extensive experience and expertise.

ONSHORE SOUTH LOUISIANA AND TEXAS GULF COAST

In the onshore Gulf Coast, Houston Energy concentrates on prospecting in known producing trends and in proven trap configurations. HE pursues three-way highside closures and downthrown rollover features along the lateral extensions of known producing lineaments and the basinward projection of established deltaic fairways. Simultaneously, HE is alert to the identification of lower risk and less expensive shallow structural traps. In keeping with its overall exploration philosophy, HE keeps a balance between the high-risk/high-return deep prospects with shallower lower-risk/lower-return prospects. HEs diversified exploration program includes shallow salt dome plays, field infill and step-outs, and seismic "Bright Spot" prospects.  HEs exploration approach is heavily oriented toward 3D seismic. HE currently holds license to over 29,000 square miles of 3D data in the Onshore Gulf Coast. Complete integration of all available 2D and 3D seismic, well data, and additional reprocessing of the data with state-of-the-art techniques is mandatory.

GULF OF MEXICO

Over the past several years, Houston Energy has placed major exploration emphasis on the offshore Gulf of Mexico. This area offers an independent company such as HE various options and opportunities due to the availability of large affordable volumes of 3D seismic data, existing infrastructure with known royalty scales, and the ability to participate in the bidding for state and federal acreage at regular sales. Houston Energy has been able to assemble over 5,100 blocks of 3D seismic data in the Gulf of Mexico to date, and employs state-of-the-art seismic modeling, AVO, and inversion when applicable to qualify and quantify prospects. With this amount of seismic control, HE has been able to map large portions of the Gulf in detail and categorize prospects within regional geologic frameworks. HE currently owns thirty-four 3D workstations for use in generating 3D prospects.   

DEEP WATER GAS & OIL WELL OPERATIONS

Houston Energy initiated its Deepwater Exploration program in November, 2004. Our successes include:  the Santa Cruz, Santiago and Pegasus fields and the SOB II, Marmalard, Big Bend, Niedermeyer and Taggert sanctioned discoveries. Houston Energys prospect inventory consists of 23 High-Quality Prospects on 48 Leasehold Blocks.

ONSHORE EXPLORATION

In the onshore Gulf Coast, Houston Energy concentrates on prospecting in known producing trends and in proven trap configurations. HE pursues three-way highside closures and downthrown rollover features along the lateral extensions of known producing lineaments and the basinward projection of established deltaic fairways. Simultaneously, HE is alert to the identification of lower risk and less expensive shallow structural traps.  In keeping with its overall exploration philosophy, HE keeps a balance between the high-risk/high-return deep prospects with shallower lower-risk/lower-return prospects. HEs diversified exploration program includes shallow salt dome plays, field infill and step-outs, and seismic "Bright Spot" prospects.  HEs exploration approach is heavily oriented toward 3D seismic. HE currently holds license to over 29,000 square miles of 3D data in the Onshore Gulf Coast. Complete integration of all available 2D and 3D seismic, well data, and additional reprocessing of the data with state-of-the-art techniques is mandatory.

Company NameHouston Energy, L.P.
Business CategoryOil & Gas
Address1200 Smith St.
Suite 2400
Houston
Texas
United States
ZIP: 77002
PresidentNA
Year EstablishedNA
EmployeesNA
MembershipsNA
Hours of OperationMonday - Friday 8:00 am - 5:00 pm
Company Services
  • Oil Production
  • Gas Production
  • Oil Exploration
  • Gas Exploration
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***Co-Founder and Co-OwnerLocked content
***Co-Founder and Co-OwnerLocked content
***Sr. Executive Vice PresidentLocked content
***Vice President GOM Shelf & Business DevelopmentLocked content
***Vice President Exploration OnshoreLocked content
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