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.
