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2015-12-02T00:00:00.000Z

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Wrong Thomas Lantz?

Mr. Thomas Lantz Grant

Chief Operating Officer

American Eagle Energy Corporation

HQ Phone: (303) 798-5235

American Eagle Energy Corporation

2549 West Main Street Suite 202

Littleton, Colorado 80120

United States

Company Description

American Eagle Energy Corporation is an independent exploration and production operator that is focused on acquiring acreage and developing wells in the Williston Basin of North Dakota, targeting the Bakken and Three Forks shale oil formations. The Compan... more

Find other employees at this company (5)

Background Information

Employment History

Western Area Asset Manager
Halliburton Company

US Operations Manager
Enerpluis Resources

Petroleum Engineer
Phillips Petroleum Company

Affiliations

Member
Society of Petroleum Engineers

Board Member
Montana Petroleum Association Inc

Education


Mechanical Engineering
Colorado State University

BS
Chemical Engineering
University of Southern California

Web References (34 Total References)


"We have worked hard in the ...

www.thebakken.com [cached]

"We have worked hard in the last year or two to get the story out that it [Spyglass] is a reasonable and economic area," says Tom Lantz, chief operating officer for American Eagle Energy.

Considering the unique geology and financial appeal of the Spyglass area, it may seem hard to believe that Lantz and the rest of the American Eagle Energy management team would have difficulties convincing investors and industry players about the potential of Spyglass.
...
Although Colby, Lantz and the rest of the team might argue that the story, or the main pitch, of American Eagle Energy is about a specific geographic region on the border of North Dakota and Saskatchewan, the full story of the veteran-laden team has to include the people developing the place.
...
Tom Lantz has spent the last 14 years of his career in the Williston Basin working to make people believe. In 2001, Lantz was the team leader at Halliburton's Integrated Solutions Group, working in the Elm Coulee field in Montana to prove out the concept of hydraulic fracturing on fewer than 12 horizontal wells. "As an industry, we knew you might be able to make gas work, but it was sort of conventional wisdom at the time that you couldn't economically produce oil out of that shale rock," Lantz says. "You can imagine that when we started trying a few of these things [hydraulic fracturing and horizontal drilling] the kickback we got."
The kickback and industry skepticism is a natural part of developing an oilfield, Lantz says. "It is representative of how the industry works and behaves."
During the early days in the Elm Coulee field when well completion costs seemed uneconomical, Lantz learned how to maintain his confidence in the process of horizontal drilling and hydraulic fracturing. "We would bring the wells on and they would come off really hard, but to everybody's credit, there was a certain amount of willingness to stick with it and tweak the process," he says.
At the end of 2001, wells that had been on production for six to nine months were showing reasonable production rates. During that time, the investors and the companies involved were nervous, he says. Before that time, the wells would show high initial production rates but fall off considerably. Although Lantz doesn't point to a single moment when he, or his many team members from Halliburton or Lyco, knew the process they were tweaking was a success, he does recall a memorable moment.
The group working on the wells would hold technical committee meetings. During a meeting at the end of 2001, Lantz explains, "I lightheartedly said at the beginning of a meeting that we might have a billion barrel oilfield.
...
Colby's discovery, combined with the results from the vertical test, led him along with Lantz and industry veteran geologist Richard Finley, the former owners of American Eagle Energy Inc. to combine.
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In 2011, Colby's company merged with Lantz and Finley's.
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When Lantz and the Halliburton team were completing wells in the Elm Coulee Field in 2001, well costs were roughly $2.5 million to $3.5 million. Lantz laughs when he talks about the "unheard of sized frack jobs," used then that amounted to roughly 300,000 pounds of proppant per well in only a few fractures per well. "They were huge then, but comically small in today's world."
Although American Eagle Energy is completing wells in the Spyglass area today at a higher price point than the early wells Lantz worked on-approximately $6 million-the wells are still much cheaper than most in the basin. According to Lantz, the shallower depth of the Spyglass is the key component to the whole thing. The area presents both the Middle Bakken and the upper two benches Three Forks at depths of 8,000 feet, compared to depths in the 10,000 to 11,000 foot range in other parts of the basin. "It doesn't do you any good to drill cheap wells if they are poor wells," Lantz says.
Results from producing wells reveal that American Eagle Energy has nothing to worry about. Wells in the project area show an estimated ultimate recovery of 450,000 barrels of oil equivalent. The internal rate of return on the wells is almost 50 percent and the payback period for each well is 1 to 2 years. The rock in the Spyglass area is actually better than most in the basin, according to Lantz, and it is normally pressured compared to other parts of the basin that are over pressured and have tighter rock and lower porosity that require higher volumes of proppant to keep the fractures open and the wells flowing.
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"When you are starting with a $3 million head start on your economics, it goes a long way on having some pretty impressive results," Lantz says.
...
Almost three years after uniting with Lantz and other industry veterans to develop the Spyglass project, Colby says the entire team is now working on a single vision.
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"We now have some real history with our wells," Lantz says. There are also other operators in the area, including SM Energy and Samson Resources that have had similar results. "You are seeing a consistency there that is starting to gain traction with a lot of the investment world," Lantz says.


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www.sec.gov [cached]

0001538089 LANTZ THOMAS GRANT 2549 W. MAIN STREET, SUITE 202 LITTLETON CO 80120 0 1 0 0 Chief Operating Officer


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www.sec.gov [cached]

0001538089 LANTZ THOMAS GRANT 2549 W. MAIN STREET, SUITE 202 LITTLETON CO 80120 0 1 0 0 Chief Operating Officer


Thomas ...

www.sec.gov [cached]

Thomas Lantz

...
Thomas G. Lantz - Mr. Lantz was appointed as our Chief Operating Office immediately following the closing of the 2011 Merger. Prior to the closing of the 2011 Merger and since June 2010, he had served as AEE Inc.'s Vice President of Operations. During his 30-year professional career and immediately prior to his affiliation with AEE Inc., he served as VP of Operations for a wholly-owned subsidiary of Ryland. From 1998 through 2006, Mr. Lantz was an Asset Manager for Halliburton Energy Services, during which time he led the efforts for several development programs for Halliburton's clients, including the initial development of the Elm Coulee oil field. In that capacity, he and his team designed the technology for combining fracture stimulation in horizontal well bores, which advancement in technology was the key to unlocking the economic development of the Elm Coulee Field. This technology is being applied worldwide in other unconventional reservoirs in both gas and oil. Mr. Lantz also served as U.S. Operations Manager for Enerplus Resources (USA) Corporation after it acquired a major interest in the Elm Coulee Field from Lyco Oil Corporation. His expertise is reservoir and completion engineering. His recent work has been focused on development of unconventional resource plays in the Rockies, including the Bakken, Three Forks, Wasatch, and Mesaverde Formations. Mr. Lantz received a BS in Chemical Engineering from University of Southern California and engaged in graduate studies at Colorado State University in Mechanical Engineering. From October 5, 2010 to March 17, 2012, he served on the board of directors of Passport.


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www.sec.gov [cached]

0001538089 LANTZ THOMAS GRANT 2549 W. MAIN STREET, SUITE 202 LITTLETON CO 80120 0 1 0 0 Chief Operating Officer

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