Most recently serving Addison Resources as CEO, William Kelleher is a respected oil and gas development executive with experience in diverse exploratory projects across the globe. In his role as CEO, William Kelleher undertook initiatives that included leading a team of business development professionals in the assessment and lease of productive Santa Maria Valley, California land that offered reserves with an estimated value of $117 million.As reported in the Santa Maria Times, fracking and drilling prospects within the northern region of Santa Barbara County have increased, with an environmental study focusing on Santa Ynez Valley recently completed. This coastal valley, cradled by the Santa Lucia Mountains, runs parallel to the Santa Maria Valley and is part of Bureau of Land Management land that has been open for drilling for many years, but never attracted oil company interest. The scoping effort provides an “overarching 10,000-foot view” and lays the foundation for further exploration of individual sites, should industry interest emerge. A primary focus is on new oil well production, as Santa Barbara County has mostly shallow oil, rather than the deeper pockets that fracking requires.
An oil and gas vice president and former CEO with diverse experience, William Kelleher has led asset valuation and operations at West Energy Capital since 2017. Throughout his career as a CEO, William Kelleher has held membership with the Society of Petroleum Engineers (SPE).SPE is dedicated to providing its members with the resources they need to thrive in the oil and gas industry. Through its Research Development Technical Section (formerly the SPE Research & Development Committee), the society has identified several “grand challenges” that the exploration and production (E&P) sector must overcome to meet energy demands while also promoting sustainability.One challenge that the section highlighted is the issue surrounding the use of higher resolution subsurface imaging for hydrocarbon reservoirs. Additional research and development is required to produce imaging technology that is capable of modeling subsurface images with true clarity. The reuse of produced water has been another major issue facing E&P entities in recent years. This is because there is no way of recovering hydrocarbons without generating produced water, which contains such pollutants as heavy metals and total dissolved solids (TDS). Moreover, this byproduct is the largest source of waste in the hydrocarbon recovery process. E&P entities are attempting new methods of treatment to minimize the contaminants in produced water so it may become eligible for reuse.
William Kelleher is the former CEO of Addison Resources and the former chairman and CEO of New World Oil and Gas. Since 2017, he has held the role of senior vice president of West Energy Capital/Offshore in Redondo Beach, California. Active in his professional community, William Kelleher maintains membership in the Society of Petroleum Engineers, which will hold the Annual Technical Conference and Exhibition (ATCE) from September 24 through 26, 2018. The ATCE will take place at the Kay Bailey Hutchison Convention Center in Dallas, Texas, and will bring together thousands of engineering and petroleum professionals from around the world to learn about industry best practices, product launches, and cutting-edge technologies. Attendees can choose from over 350 technical presentations, such as New Developments in Reservoir Engineering and Petroleum Advanced Analytics. The ATCE will also feature a variety of training courses on a diverse array of topics, from Oilfield Data Mining to Data Analytics for Drilling Optimization. One-day training courses provide participants with 0.8 Continuing Education Units (CEUs), and two-day courses are worth 1.6 CEUs. To learn more about the 2018 ATCE, visit www.atce.org.
The senior vice president of West Energy Capital, William Kelleher has served as the CEO of Addison Resources in Ventura, California. In his CEO position, William Kelleher evaluated and leased 5,800 acres of land for oil and gas development. Negotiating oil and gas leases is a complex process. If you are a land owner with ownership rights to the minerals below the surface land, you may have been approached by a landman who proposed to lease land for oil extraction. Following are a few things of which to be aware.The landman is probably working for an oil company. Before coming to you, he or she will have studied local area geology maps and researched land and resource ownership in your area. When he or she finally calls you up, that’s when the negotiating begins. If you agree to the terms proposed, an oil and gas lease will be drawn by the oil company and you can sign it. After signing the contract, the oil company will drill up the property to determine the likelihood of it having oil in commercial quantities. If the results are positive, you will receive a bonus fee and drilling will commence. Once the well is complete and oil is extracted, you will start receiving royalty checks from the profits of the operations, as agreed upon in the contract.
