Matthew Wilson
Calgary, AB (CAN)
Role(s):
Founder/Owner/Principal
Focal Exploration
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Startup
Location:
Calgary
Industry:
Energy
Year Founded:
2015
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Liability Company
Description:
Starting a little Exploration and Production company in SE Saskatchewan Canada (north of the Bakken)
In short we have looked over +1500 wells in SE Saskatchewan and we have identified 150 prospects that are currently non producing or producing very little, yet they have anywhere from 10-45ft of source rock that has been produced out of. The nice thing about this project is these wells will come back to life after a simple recompletion (max 200k including the cost of purchase of the well) north of 150bbl/day, with a decline of less than 10%/year. Now with service costs very low and in Canadian dollars and selling this light sweet crude north of 40 dollars CDN this project really makes a lot of sense. Operating costs will be less than 10/bbl, so this will be profitable in a 20 dollar oil environment.
Some details of myself:
In the past I designed, built & commissioned the worlds two biggest coil tubing rigs and managed them for two years in Saudi, this was a under balanced project where we had 4500psi at the well head. I have also built a chemical plant for a company that I co-founded (URL removed) (biodegradable acid that is inert to the human skin, see videos under the about tab, for spear head fracs or acid fracs).