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Cardinal Energy Names Chief Operating Officer
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Cardinal Energy Group, Inc. has hired David Rippy as the Company’s Chief Operating Officer effective January 1, 2014.
Mr. Rippy has been a consultant to the Company for the past three months.
Mr. Rippy has over 35 years of oil field experience. Mr. Rippy worked as a field engineer for Halliburton and for ARCO Oil & Gas as their production and work-over specialist through the late 1970’s into the late 1980’s. At the end of the 1980’s he went to work for Berry Petroleum as a Drilling, Production and Work-over Specialist. In the early 1990’s he joined Bestline Liner Systems as their Design and Sales Manager. In 1995 he founded Bakersfield Drilling Consultants, Inc., which provides Senior Drilling Supervisors directly to the Oil and Gas Drilling exploration industry.
Timothy Crawford CEO of Cardinal Energy remarks, "We are delighted to bring Dave on full time with Cardinal as its Chief Operating Officer. He has been working with Cardinal as a consultant since this past September. During the last several months he has been focused on remediating our Shackelford County, Texas prospect, which has proven himself as invaluable to the company. Dave’s deep experience has made a tremendous difference in our production capabilities in this field. Since he began the over sight of this field, we have satisfied the Texas Railroad Commissions regulations and passed the inspections on our two injector wells, which allows us to sell our oil. He contracted with a new oil field services company for the well work-overs and ongoing well maintenance.
"Under Dave’s direction, and during incredibly bad weather in Texas, we have repaired some of the access roads, which allowed us to bring in the work over rig to repair our injector wells and begin our rework schedule. To date we have reworked our first four wells that were minimally producing or were shut-in. These four wells are now producing 41 barrels of oil per day combined; the prior week’s rework reports indicated the wells had good down-hole pressure further verifying there are still significant reserves remaining in the reservoir. This is a milestone in Cardinal’s quest to become a major domestic, independent oil and gas producer. Based on the initial production results from our first four reworked wells, we anticipate having our Shackelford County, Texas prospect produce up to 400 barrels of oil per day by the end of the first quarter of 2014 by completing the rework on the remaining 39 wells."