PETER J. HATGELAKAS
President &
CEO of
INTREPID EXPLORATION, LLC.
28 years of technical prospect generation &
inventorying of ideas
with
a wide range of oil & gas industry experience
from
prospect concept to drilling, marketing and production
AAPG
Certified Professional Geologist # 5589, PA State
Licensed Geologist # 43g
CARREER
HIGHLIGHTS
· Built an inventory of over 80 Oriskany project areas
representing 1 Trillion cubic feet of reserves
· Built an inventory of over 3 Trillion cubic feet of
reserves rank wildcat projects
· Made 9 new field discoveries with a high success rate
· Generated over 500 drilled wellsites and supervised
the generation of over 1,000 drilled wellsites
· Mapped over 1million line miles of seismic data across
the Appalachian Basin
· Structural geologic expertise on thrust fault systems
in the pursuit of Oriskany reservoirs
· Degrees in geology and petroleum engineering with 4
additional years of study in structural geology and rock mechanics
PRESENTLY
INTREPID
EXPLORATION, LLC. (2006-present),
President
& CEO
Co-Founder
of INTREPID EXPLORATION, LLC, INTREPID EXPLORATION
DRILLING, LLC and INTREPID EXPLORATION
2007-1 LP
· Coordinating the raising of
over $14 million in drilling and exploration funds through our 2007-1
partnership.
· Leasing acreage across 125
square miles of our first project which will include the shooting of 3-D
seismic and a 5 well deep drilling program across phase-1 (2007-1 LP) 25 square
miles.
· Company brings
state-of-the-art technology to the Appalachian Basin
· Projects expect to payout in
under 12 months
CORPORATE
PGMT Energy, Inc.
(1995 – 2006), Pittsburgh,
Pennsylvania
Sr. Vice President of Geology
and Exploration
Responsible for a 10+ fold increase
in value of the company, $22 million to $225 million, in 2 years by:
· Working, one on one, with the owners to develop a
business strategy which was implemented and executed successfully resulting in
a significant personal wealth addition to all the managing partners
<· Developing a 5,000 PUD
inventory with booked reserves approaching 1 Tcfe
<· Developing an extensive inventory of exploration
projects > 1 Tcfe
<· Providing the engineering and geologic analysis for 5
corporate acquisitions resulting in 2 completed purchases in the $15 to $20
million range
<· Monitoring production, demonstrating the remedial oil
wells resulting in a 2 fold increase in oil production, a $1.8 million increase
annually in cash flow
<· Developing a mapped based inventory of all company
fields across 3 states
<· Developing the justification of drilling locations
based on a 50,000 well per state EUR
database through my algorithm applied to non-proprietary data
Atlas
Sr. Exploration Geologist
Doubled prospect EURs during my tenure resulting in the cumulative income of
$350 million by:
<· Generating locations for 5 forty well drilling programs
which resulted in an average per well EUR of 260 MMcf
with RORs in the 40+% range and success rates from 95
to 98%.
<· Making board room presentations on a routine basis to
facilitate in the education of investors on the geologic concepts and
risk/rewards of each play
<· Bringing into the company between $10 to $20 million
plus management fees and rides due to good salesmanship
<· Providing technical expertise and round-the-clock
support in the disciplines of reservoir reserve analysis, seismic geophysics
and geology
<· Featured as an integral part of the company’s
management team in each program prospectus
Dominion Resources
(1979 – 1990),
District Geologist and Geophysicist
<· Added $80 million in net worth to the company through
my Oriskany wells
<· Added $75 million in net worth to the company through
my Upper Devonian wells in
<· Added $155 million in net worth to the company through
my
<· Added $8 million in net worth to the company the first
year of my tax credit initiative which has been responsible for making the
company significant money for 15 years since
<· Analyzed and mapped more than 1 million line miles of
in-house seismic data
<· Provided the company with round-the-clock effort and
technical expertise in the disciplines of geology, seismic geophysics and
reservoir reserve analysis
EDUCATION
1982 to 1984 M.S. in Petroleum Engineering, University of Pittsburgh, Pittsburgh, Pennsylvania
(degree earned evenings while at Peoples Natural Gas Company) Advisor: Dr. Alan Reznik (ex-CONOCO)
1975 to 1978 Graduate Fellow in Geology & Geophysics, Boston College, Chestnut Hill, Massachusetts
(40 credit hours completed while on teaching fellow, orals passed, then took
job offer at SSC.)
Emphasis in Structural Geology, Rock Mechanics - stress analysis;
Teaching Fellow: Mineralogy, Historical Geology, Structural Geology; Taught:
Structural Geology Lab) Advisor: Dr. Mike Bombolakis
(ex-SHELL)
1971 to 1975 B.S. in Geochemistry, Worcester Polytechnic Institute,
Worcester, Massachusetts
Awarded the Fuller Scholarship (Yankee Ingenuity Award)- Massachusetts Regional
Science Fair
(4 years of laboratory research with Dr. L.B.Sand
on zeolites, clays and iron-silicates; experimental: T-P stability diagrams,
crystal structure, solution chemistry, sorption, synthesis; ran and maintained
the x-ray diffraction equipment; Methods trained in: powdered & single
crystal x-ray diffraction, x-ray florescence, polarizing petroscopy, S.E.M.,
Mössbauer Resonance spectroscopy, infrared spectroscopy, nuclear activation
analysis) First Place Award for research presented at the Eastern Colleges
Science Conference in 1975.
1969 to 1971 pre-Undergraduate,
Massachusetts Institute of Technology,
AFFILIATES
Present: Amer. Assoc. Petrol. Geol., Society
Exploration Geophysicists, Amer. Geophysical
Past: Amer. Photogrammetry Soc., Amer. Mineralogical Soc., Society of Petrol. Engineering, Amer. Chem. Soc.
PUBLICATIONS
1974 Amer. Chem. Soc. (meeting in miniature) culmination of 4 years of experimental laboratory research:
Phase Relations of Nontronite-Epidote-Actinolite-Hedenbergite
1987 Amer. Assoc. Petrol. Geol. (meeting
Turbidites of the
CONTACT
Phone: 412-389-0789
office 412-531-7229 home
Email: [email protected]
INTREPID EXPLORATION, LLC.