We connect great oil and gas companies with world class well site consultants, engineers and problem solvers. Whatever your needs, whether it be a single consultant, a team of consultants, or project management, Octane can ensure you get the best people for the job.
Joe Cervantes and Jared Blong founded Octane Energy in 2013, looking to build a Permian-based, Permian-focused, high tech drilling company in response to the energy renaissance in the US Onshore market. Octane was strictly a consulting operation at the time, with experts who helped clients maximize efficiency all the way from exploration to completion. With the surge in oil markets, Octanes partners planned to expand into drilling, themselves. Then in September 2014 oil prices took a dive. Mr. Cervantes and Mr. Blong quickly became very glad they had not just built or bought some very expensive iron. Octane decided not to expand into drilling after the significant downturn in oil prices, instead retaining its original business model, helping to shepherd capital and ensuring that drilling and completions are done as efficiently as possible. Over the last few years, as oil markets have ebbed and flowed, Octane has buckled down and done the work to keep consultants busy and operator partners efficiently forging ahead. But at the core of our success, Octane recognizes Gods hand of guidance, correction and blessing as we have navigated one of the most cyclical industries in the world. Today, Octane holds fast to the core values with which we began. Treating others how we want to be treated, with integrity and a deep work ethic, Octane leadership is committed to SERVE both clients and consultants, with the under-girding philosophy that happy people deliver great results.
Service - Treat others the way we want to be treated
Ethics - Courage to do the right thing
Reliability - Let our yes be yes and our no be no
Value - Deliver exceptional value to our stakeholders
Excellence - Exceed performance expectations
MARK MERRITT: CONTINUING THE LEGACY
Beginning in the early 80s, Lori Blongs father, Mark Merritt, was in the oil business in Midland. He spent his entire career in the Permian, working with an independent oil company, starting at the bottom and working his way up. Mark gave his life to the industry and raised his family through the middle of all of the booms and busts, teaching us that “if you go out there and work hard with integrity to make a hand, there will always be a place for you in the oil business.” Lori cut her teeth on conversations about mud weight and porosity and logging wells and managing people in the Oil Patch. During the time that Jared Blong and Joe Cervantes were preparing to start Octane, in the planning stages before anything truly started, Jared spent hours with Mark talking to him about the integrity with which Mark had conducted himself in the industry and the way that he had been able to shape his organization, his hiring practices and the quick-pay turnaround that was a priority to him. Those same tenets have become benchmarks for Octane, foundational and cornerstone to who we are. We have now had the opportunity to work with clients who either worked for Mark or with him in some capacity and those relationships that he started fostering in the early 80s have continued for us. Those are relationships that we value and its part of the reason that we think the Permian Basin needs to be central to where were working, not just because the Permian Basin has so much activity, obviously, but also because we have generational relationships here and they are important to us.
Our Skills & Services
Company Name | Octane Energy |
Business Category | Renewable Energy |
Address | 310 W Wall Street Suite 810 Midland Texas United States ZIP: 79701 |
President | JARED BLONG |
Year Established | 2013 |
Employees | NA |
Memberships | NA |
Hours of Operation | NA |
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