ALTEC
Petroleum Group, Inc. (APG)
Altec Petroleum Group, Inc. (APG) is a conservative
development and production company that was formed
to explore and produce oil and gas primarily in Osage
County, Oklahoma. Altec currently owns their own facilities
and equipment and holds leases on several thousand
acres throughout the county. Our focus is on properties
which lie in proven trends that are under-developed,
where we believe there are substantial reserve additions
that can be made through relatively low risk drilling.
Consistent with our conservative
approach, we offer investment programs designed to
provide long-term income with a limited number of
investors. In addition, Altec Petroleum has a vested
interest and takes a piece of every package, investing
our own capital along with that of our partners in
every carefully researched project.
Concentrating on select areas chosen
based on proven production histories, the professionals
at Altec Petroleum aren’t just looking for investment
capital. Our goal is to work together with our partners
as a family to build a long term relationship that
is mutually beneficial for all parties involved for
years to come.
Management
Patrick S. Adams, President
Mr. Adams has over twenty years experience in engineering,
site geology, project management, and business ownership
/ management. Patrick has owned and operated Altec
Testing and Engineering, Inc. which is a full service
Environmental Engineering firm located in Southern
California since 1989 and is currently celebrating
its twentieth year of uninterrupted operation. His
business was built on the foundation of hard work
and honesty and the majority of Altecs 800 clients
across the nation, are larger fortune 500 companies
that have been with them for over ten years and sole
source Altec for all of their environmental / geological
projects, which is a rarity for the industry.
He began his involvement in the oil and gas industry
in 2004 as an investor / industry partner that has
included projects in Oklahoma, Texas, California,
and Colorado. It was through his involvement as an
investor, he was able to learn the ins and outs of
the industry while more importantly learning the pitfalls
and what not to do. Even though his involvement in
the oil and gas industry has been less than five years,
he has committed himself to learning the business
from the inside out and has surrounded himself with
some of the finest and most successful geologists,
operators, and field personnel that the industry has
to offer.
Through Altec Petroleum Group, Inc. Patrick has chosen
to focus his exploratory efforts in Osage County,
OK which is one of the most prolific oil and gas producing
counties in the nation. Currently operators in Osage
County are experiencing an 85% success rate in new
drills (both wildcat and infill) and have averaged
over 70% since exploratory drilling began in the early
1900’s.
Charles J. Adams / Director of Operations
Charles has over seven years experience in the operation
and production of oil and gas leases. He has an extensive
management and financial background and came to Altec
Petroleum Group via the banking business. He is responsible
for lease relations with the Bureau of Indian Affairs
(mineral owner) and land owner relations (surface
owner) and compliance with all related regulations.
His duties include purchasing, cost management, service
procurement and is a key decision maker in all aspects
of exploration and production. He also, has surrounded
himself with the most knowledgeable individuals in
the area to consult in complex decision making processes
to insure success.
Mark H. Slatten / RG, CEG, RGP, CHG, Chief
Geologist
Mr. Slatten has 30+ years experience as a registered
geologist, geophysicist, engineering geologist, and
Hydrogeologist. Over the past 30 years Mark has owned
various entities, worked for both large and small
corporations, presented at geological conferences,
been published and has a publication in press, found
oil, and has managed budgets into the millions of
dollars.
As an oilfield geologist/geophysicist, Mark worked
as a prospect generator on lease sales for Exxon Company
USA out of Houston, Texas. He has experience as the
“company geologist” on drilling sites
in Alaska (North Slope), California (Offshore), Texas
(Permian Basin and Gulf), Oklahoma (Osage County),
Louisiana (Offshore) and Florida (Offshore) as well
as international sites in Saudi Arabia. Some specific
oilfield assignments are as follows:
Mark worked the Sale 79 – North Slope,
Alaska as an oil and gas prospect generator
and presenter to management. His primary prospect
was called the “Pike” and represented
a multiple reservoir stacked play of Penn/Miss and
pre-Cretaceous prospects. Marks prospect
was won by Shell Oil and later renamed “Duck
Island”.
Dan Whitten, RG, Consulting Geologist,
Dan Whitten is a consulting petroleum geologist with
over 50 years experience in evaluating leases and
determining drill sites in Osage County, OK. Dan has
been the site geologist on hundreds of leaseholds
and has personally logged and overseen the installation
of many thousands of wells. His first hand experience
in the area has proved invaluable in minimizing errors
while having a high success of determining productive
zones.
J. Adam Chinn / Field Superintendent
Adam has worked in the oilfield for twenty years
and is skilled and competent in every aspect production
management. He has worked for major, mid size and
small oil and gas companies and directs all production
related activities such as site preparation, plumbing
and electrical, placement of tank batteries, pump
jacks and is the pumper for all the wells to name
a few. He is also an excellent welder and mechanic
and it is rare that a task exceeds his abilities.
Larry Chinn
/ Consultant
Mr. Chinn has over sixty years experience exploring
and producing oil and gas in Osage County. He currently
operates his own leases and produces forty five (45)
oil and gas wells near our lease. Osage County is
one of the largest, historically and currently, producers
of oil and gas in the United States. This area is
not short of oil men, but Mr. Chinn has the distinction
and reputation among them as being one of the most
exacting and knowledgeable operators in the county.
He reviews and assists Mr. Adams in making decisions
related to both exploration and production and has
proven invaluable in that role.
