NYTEX Energy Holdings, which is engaged in early-stage oil and gas E&P via its NYTEX Petroleum segment and energy market staffing via the KS Energy Search Group, reported a key hiring today to support development of the company's roughly 7.6k leasehold acre portfolio. Brian Gross, the new VP of operations, adds nearly two decades of upstream and midstream oil and gas industry experience.
NYTE will see immediate impact of such a hiring on their continued exploration and production activities at the Marble Falls play, where the recent drilling/completion of six wells (12% average WI) underscores the company's maintained acquisition/development strategy. There are a host of companies with production currently in the play despite the high salt water content and need for disposal wells, with Swan Production Company's 127-well, 3.5k plus BOE/day footprint being a prime example of how to work this limestone.
President and CEO of NYTE, Michael Galvis, welcomed Brian to the firm and made a special note of his exemplary track record in the industry, having cut his teeth out of Texas Tech University (BS in Petroleum Engineering) at major sector player Chesapeake Energy, where he spent four years in the trenches doing the difficult work of the field production engineer and later staff production engineer roles. Gross will be instrumental in providing leadership as drilling proceeds at Marble Falls and elsewhere on the company's properties, with day-to-day operations of the company's overall oil and gas well infrastructure being his overarching concern.
Gross comes into the VP of Operations job out of a considerable run over at Rio Vista Operating, where he handled oversight on all the drilling, completion, and production activities as President and Operations Manager, spearheading a range of coal bed methane, as well as conventional targets in Oklahoma. In addition Gross also managed the implementation and operation of two entire gas pipeline systems for Rio, something he has had a great deal of experience with elsewhere in the 19 plus years he has spent handling this sort of work.
Gross designed well over 400 fracking implementations in the Barnett Shale for Chief Oil and Gas as their Completion and Production Engineer, overseeing the producing Johnson and Hill County properties, as well as putting in multiple artificial lifts and other gas pipeline infrastructure. This work even led to his co-authoring a Society of Petroleum Engineers paper (SPE 102063) on techniques for fracking in the Barnett Shale.
Furthermore, Gross pulled two years over at another sector heavyweight, Westside Energy, where he handled all the drilling, completion, and production over watch as their Operations Manager on some 70k acres in the Barnett. He was key to developing much more than production infrastructure as well, helping to negotiate vital farm out, JV, land leasing, and oil/gas marketing opportunities. Gross even assisted in securing vital financing inputs, from bank loans and bridge financing, to equity sales and negotiation of the purchasing price on producing oil/gas properties.
Shareholders will be looking for results and Mr. Gross is already chomping at the bit to take NYTE's portfolio to the next level production-wise. Investors should keep an ear to the ground for subsequent developments from NYTE, especially out of their Marble Falls operation.
For more information on NYTEX Energy Holdings, visit NYTEXenergyHoldings.com
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