Treaty Energy Corporation Hires Field Operations Manager for Oil and Gas Operations John Bell, Formerly of ARCO Oil and Gas Co., to Oversee Treaty's Oil and Gas Assets as Recommended by Inspire Energy Services
NEW ORLEANS, March 18, 2014 /PRNewswire/ -- Treaty Energy Corporation (OTCQB: TECO) (http://www.treatyenergy.com), a growth-oriented international energy company, today announced it has hired John Bell, formerly of ARCO Oil and Gas Co., to the position of Oil Field Operations Manager to oversee the Company's national and international oil and gas operations.
Among Inspire Energy Services first recommendations to Treaty Energy Corporation, John Bell, a petroleum engineer, has been hired to the position of Oil Field Operations Manager for Treaty Energy Corporation. This new position is considered a significant hire for the Company as it moves to further improve operations after its financial recovery in the latter half of 2013.
Mr. Bell received a Bachelor of Science degree in Petroleum Engineering from Colorado School of Mines in 1981. He joined ARCO Oil and Gas Co.'s Gulf Coast division as a Drilling and Completion Engineer, worked in deep, high pressure and temperature gas drilling, completion, and stimulation operations. In 1985 he transferred to ARCO ALASKA, Inc., where he worked in Drilling and Completion Engineering and arctic well site supervision in Alaska's North Slope fields for two years. Mr. Bell attended the University of Alaska's Arctic Engineering and Engineering Management program while employed with ARCO ALASKA, Inc.
In 1987, Mr. Bell joined ARCO Research in Plano, Texas as a Drilling Project Manager where he designed, built and tested the first down hole modeling casing cementing monitoring system as well as other significant fluid monitoring applications and patented concepts. He returned to ARCO Oil and Gas Co. in 1990 as a Production Supervisor in East Texas where his work in work over and deepening operations, to develop bypassed reserves in the East Texas Field, had a significant positive impact.
Since 1992, Mr. Bell has been an independent petroleum engineering consultant, specializing in developing proven bypassed reserves for small and medium sized oil and gas operators. He has expertise in marginal well operations, developing improved versions of oil and gas drilling, work over equipment, the design and construction of oilfield electrical distribution and oil and gas separation systems.
Andrew V. Reid, Treaty Energy Corporation's Chief Executive Officer stated, "The Company is excited and thrilled to have John Bell join us at Treaty Energy. In the short time he has been aboard, Mr. Bell has evaluated Treaty Energy's asset base and has made strong recommendations to improve operations. Mr. Bell has plans to solidify production on the Stockton lease, move forward on the Kubacak lease drilling project and evaluate available reserve development prospects. Mr. Bell's hiring will bring much needed oil and gas experience to the Company. His experience and guidance will help Treaty Energy move forward in its goal of improving and expanding operations."
Treaty Energy Corporation
About Treaty Energy Corporation
Treaty, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have "proven but undeveloped reserves" at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.
Treaty Energy Corporation (TECO) trades on the OTCQB, the marketplace for companies that are current in their SEC reporting requirements. Investors can find Real-Time quotes and market information for Treaty Energy at http://www.otcmarkets.com/stock/TECO/quote
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company's filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.
SOURCE Treaty Energy Corporation