Blacksands_Pacific

Blacksands Pacific

Blacksands Pacific

International oil and gas exploration and production headquartered in Houston

The Blacksands Pacific Group is an international oil and gas exploration and production and trading company headquartered in Los Angeles and Houston, with assets in North America, Asia and Africa.[1] The company also transports, stores, purchases and markets crude oil and natural gas.[2][3] The Chairman and CEO of Blacksands Pacific is Raheem J. Brennerman.

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History

Blacksands Pacific was founded in 2010 by Raheem J. Brennerman, an experienced investor with interests in energy and real estate.[4][5] Originally an energy trading company marketing crude oil and petroleum products, the company expanded to focus on exploration and production. Blacksands Pacific now also transports, stores, purchases and markets crude oil, natural gas, natural gas liquids and bitumen.[6]

In September 2011, Blacksands Pacific entered into a commercial partnership with Sigmund Oilfields Limited, a Nigerian indigenous oil & gas exploration and production company, to explore, develop and produce oil from offshore the Niger Delta, but later withdrew.[7][8]

In October 2011, the company formed a joint venture with Oil and Gas Technology Fund Inc to develop the Torrance Field acreage located in the Los Angeles Basin, California and explore and develop other prospects in Nevada.[9]

In February 2012, Blacksands Pacific invested in a joint venture to develop the oil prospects within the Williston Basin Prospect, in North Dakota.[10]

Current Operations

Operating in nine countries, Blacksands Pacific has announced that it is investing significantly in E&P and midstream oil and gas projects in Nigeria and Côte d'Ivoire, and has entered into joint ventures in mining and infrastructure projects, including a project to regasify and distribute liquified natural gas (LNG) in Africa.[11][12][13] During an interview with LEADERS magazine in October 2014, Mr. Brennerman revealed that Blacksands Pacific had experienced significant growth, especially in exploration and production, but that it was divesting its smaller interest assets in order to focus on larger assets that the company was acquiring, such as assets in the Gulf of Mexico that are expanding to produce over 100,000 barrels by 2019.[14]

References

  1. [1]
    "The Blacksands Pacific Group, Inc - Acquisition of Interest in Oil Block OPL 2012 in Nigeria". Reuters. 12 September 2011. Archived from the original on 24 September 2015. Retrieved 30 June 2017.
  2. [2]
    "Our Businesses". Blacksands Pacific website. Archived from the original on 1 July 2014. Retrieved 12 July 2014.
  3. [3]
    "Shanghai takes its first step on long road to becoming oil price benchmark". South China Morning Post. 9 June 2014.
  4. [4]
    "Company Overview of The Blacksands Pacific Group, Inc". Bloomberg Businessweek. Archived from the original on May 22, 2014. Retrieved 13 July 2014.
  5. [5]
    "Raheem Brennerman Inducted into Worldwide Who's Who for Excellence in Oil and Gas Operations". Worldwide Who’s Who. Retrieved 13 July 2014.
  6. [6]
    "Building Multi-Generation Businesses". LEADERS magazine. Archived from the original on 31 October 2014. Retrieved 26 January 2015.
  7. [7]
    "Blacksands Pacific farms into highly prospective oil block offshore Nigeria". PennEnergy. 13 September 2011.
  8. [8]
    "Blacksands Pacific withdraws from OPL 2012". Energy Mix Report. Retrieved 13 July 2014.
  9. [9]
    "The Blacksands Pacific Group, Inc - Acquisition and Joint Venture Partnership in California". BusinessWire. 21 October 2011.
  10. [10]
    "Evaluate Energy - Energy M&A Update" (PDF). Oil & Gas Financial Journal. 10 February 2012.
  11. [11]
    "Our Businesses". Blacksands Pacific. Archived from the original on 1 July 2014. Retrieved 12 July 2014.
  12. [12]
    "Shanghai takes its first step on long road to becoming oil price benchmark". South China Morning Post. 9 June 2014.
  13. [13]
    "Bucking the Trend". Inside Oil & Gas, pages 8 - 9. Retrieved 6 October 2014.
  14. [14]
    "Building Multi-Generation Businesses". LEADERS magazine. Archived from the original on 31 October 2014. Retrieved 26 January 2015.
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