Our Vision

Excellence Through Integrity

PARET PETROLEUM LLC is committed to providing engineering excellence and innovative solutions to meet all of our clients' oil and gas needs. We view our company as one that is continually adapting to an ever-changing environment in order to provide a service that is second to none, for everyone involved with, and within, our organization. Vision, integrity and accountability guide our professional services, ensuring optimum success for both our clients and employees.

Our Values

At the heart of everything we do are our company values. We stand by them being the set of behaviours that we expect all our people to embrace to further our ambitions for our business, our people and our communities.

 

Our values are:

  • We're passionate about customers and consumers - our curiosity and customer and consumer insights drive growth. We care for our brands. We're courageous in pursuing their full potential. We're innovative, constantly searching for new ideas that drive growth and spinning them across our business.
  • We give ourselves and each other the freedom to succeed because this fosters an entrepreneurial spirit. We trust each other, we're open and challenging. We always behave as a team - when we're together and when we're apart.
  • We're proud of what we do - we act sensitively with the highest standards of integrity and social responsibility. We enjoy and benefit from diversity.
  • We will strive to be the best - we are restless, always learning, always improving. We constantly set high standards and then try hard to exceed them. We deliver results, win where we compete and celebrate our success.
  • We value each other - we seek and benefit from diverse people and perspectives. We strive to create mutually fulfilling relationships and partnerships.

 

Commitment to Excellence:

Striving to reach our full potential as a company and as individuals – doing the right things the right way.

 

Mutual Trust:

Having confidence enough to rely on others and to be open to new people and different ideas.

 

Respect for People:

Showing genuine concern for others, and treating people as individuals, with understanding and appreciation.

 

Integrity:

Being reliable and accountable in word and behaviour.

Company Profile

PARET PETROLEUM LLC is a United States’ signature oil and gas drilling contractor, having been in successful operation and carry expert stuff with experience up to 30 years. We combine our many decades of experience with performance drilling technology and Seismic to meet the rigorous demands of today’s drilling markets.

PARET PETROLEUM LLC is a leading provider of safe and High Performance, High Value services to the oil and gas industry, Paret Petroleum LLC provides customers with access to an extensive fleet of contract drilling rigs, directional drilling services, well service & snubbing rigs, and water treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel. 

PARET PETROLEUM LLC has successfully secured sizable mineral leases spanning onshore and offshore concessions of drilling rights in Haiti. Paret Petroleum LLC will be the first company to drill for oil and gas in Haiti since 1979, and therefore has gained favourable support from Haiti's Ministry of Mining and Energy.

PARET PETROLEUM LLC has an extensive rework and new well drilling program. We are committed to a proactive and innovative approach our people, equipment and safety. Major Drilling’s entire working culture is based first and foremost on ensuring a safe working environment for our employees. Safety is also of primary consideration whenever we purchase new businesses, equipment or work through new processes. 

PARET PETROLEUM LLC will rework 5 wells and drill 95 new wells. . After the rework job is completed production is estimated to increases more than 300% on these wells. Out of the 95 wells PARET intends to drill, 20 of the wells will be from depths ranging from 8,000ft to 12,000ft. Seismic analysis will play a big factor in whether PARET drills deeper than 12,000ft. The main strategy PARET will implement in its development program is the exploration of deeper reserves, as shallow reserves have already been identified deeper reserves remains untouched. In the early stage of the exploration shallow wells and reworked wells will provide cash flow to financially strengthen the exploration of deep reserves in PARET’s Kentucky oil E&P.

PARET PETROLEUM LLC holds a 80% NRI in a 4,000 acre  Kentucky Field currently Producing 300 Barrels of oil a Month-In addition PARET has another 6,000 acres optioned

  • Field is under-developed with 30+ million barrels in reserve
  • Currently producing natural gas –pipeline on field routed straight to purchaser
  • Paret Petroleum LLC has the ability to lease an additional 30,000 Acres
  • 2nd Party and 3rd Party reserve report included

PARET PETROLEUM LLC Haiti Oil and Gas Concessions (70% NRI) - 7,718 sq. km

Paret will receive 70% Profit of net profits from all blocks; government of Haiti will receive 30% of net profits from all blocks.

The key to PARET's success in this field is an aggressive seismic program to locate the actual reservoirs that are flowing oil to producing wells currently. Once the reservoir is located PARET will increase production by horizontally drilling into the core of the reservoirs. With the completion of shallow wells, PARET will financially strengthen itself for drilling to deeper depths. Fracking these wells will also increase production substantially.

PARET PETROLEUM LLC is looking forward to participate and invest in exploration and leases blocks Onshore and Offshore for Oil and Gas. Yemen had proven crude oil reserves of 3 billion barrels. Yemen's oil reserves are generally light and sweet (low in sulfur content) at API gravities ranging from 28 degrees to 48 degrees, with the highest quality crude coming from the Marib-Jawf fields. Proven natural gas reserves in the dedicated fields have been certified at approximately 10 trillion cubic feet. The existing natural gas production facilities in the dedicated fields have a capacity of 3.2 billion cubic feet (“bcf”) per day and are currently producing in excess of 2 bcf per day of natural gas, which is extracted and re-injected for oil recovery purposes.

Our Management Team

Emmanuel Paret, Managing Director –  Exploration & Production

Emmanuel obtained experience in the onshore oil & gas industry by partnering with GulfStar Energy Kentucky, where he was granted and established 5 wells from a 4,000 acre oil lease agreement.  During this period he developed strong knowledge and contacts in the oil & gas exploration and seismic services fields.   He also has prior experience with Sterlin Cement SA in Haiti (Paret family owned cement distribution business which has been closed), and with hotels in the Domican Republic, Atlanta, GA, and New York.  Emmanuel attended classes at Miami-Dade College, and graduated Everglades High School in Miramar, Florida.

 

Fritz Paret, Junior, Managing Director – Operations & HR

Fritz Jr. has extensive management experience which will add value to PARET PETROLEUM LLC’s ramp-up and growth.   In the hotel and resort operations and development field, Fritz has worked in facilities in New York, Atlanta, Florida and the Dominican Republic.  He managed hotel operations, business development, project   feasibility,   acquisitions,   post-acquisition   ground-up   development   for several   brands   and developers including Wyndham, Radisson, Barceló and others.

 

Fritz Paret, Senior, Managing Director –  Finance & Administration

Fritz Sr. has extensive commercial banking experience, including 25+ years with Chase Manhattan Bank where he had diverse experience including the areas of field audits, branch examinations, internal controls and operations.   In Haiti he served in the Police and Military in Port-au-Price and various regional districts, and was an Instructor and Lieutenant at the Military Academy.   He has extensive educational experience in bookkeeping, accounting, economics, business administration and financial management, with degrees from Notre Dame College in Haiti, and an MBA from Pace University in New York.

 

Joesph Sterlin, Managing Director - Haiti Operations

Joesph Sterlin has much experience in the private sector of Haiti. Joe began in 1975 with a cement distribution facility.  In 1985 Mr Sterlin started a construction company. Joe completed such projects as private homes, warehouses, and water pipelines. Joe was also a chief auditor for chase Manhattan bank. In addition he holds a BA from Pace University.

William Colas Managing Director - Geology

Mr Colas has much experience in Mineral exploration both in Canada and in Haiti.  William has worked for such companies as Newmont Mining and Petro Canada.  William is also a geologist who specializes in the geology of Haiti. In addition William is a consultant for the mining sector of the Haitian Government; he participates in structuring all permits for mineral exploration and development in Haiti. Mr. William Colas holds a BA from the University of Toronto. 

 

Seismic, Geology, Geophysical, Engineering, Drilling & Production Advisory Team

Charles Couch, CEO of www.CouchOil.com, successful veteran “wildcatter” and oilfield services Entrepreneur operationally focused on low drilling and operating costs, state-of-the-industry geological and geophysical analysis.   Humanitarian/Philanthropic interests include  www.WaterIsBasic.org which strives to drill fresh water wells as an ancillary part of oil & gas drilling/production, to benefit the local communities.

Wes Becker, retired Oil & Gas exploration and production executive from Gulfstar Energy, has agreed to assist Paret Petroleum as Production Manager post-funding.  Wes Becker has drilled 20+ oil & gas wells in Kentucky, Texas and Louisiana.

John Durkee,  Petroleum Engineering Consultant, and Registered Professional Petroleum Engineer with expertise  in  project  evaluations/initiation  through  geological,  seismic  & satellite  studies,  reservoir engineering, well construction/completion, oil & gas wells and pipeline production, LPG extraction, and well enhancement.  Former Corpsman for the U.S. Army Medical Corp with secret security clearance.  BS in  Math  from  North-eastern  State  University  –  Oklahoma,  and  graduate  studies  in  Geology  and Engineering at the University of Tulsa.

C.G. Haley, Geologist/Cartography Consultant, and Licensed Geologist with extensive skills in planning. Coordinating and supervising oilfield development projects. Expert in proposals, drilling and service scheduling, material purchasing and client development, 20+ years’ experience in oil production, roustabout and contract pumping services.

Craig Walter, Owner of www.BasinGeo.com - Petroleum Engineering firm focused on 2D and 3D seismic data acquisition/analysis services in the oil and gas field. BS in Mechanical Engineering from Texas A&M University, and MBA from the University of Houston.

Martin De Vries, Consulting Professional Geologist and Log Analyst with extensive oil & gas industry experience including work at Amoco, Schlumberger and others.   USAF missile maintenance – secret security clearance, BS Geology and Geophysics from West Texas State University, and graduate studies at the University of Houston.

 

Governmental References – contact information available upon request

Carole Preval, Embassy of the Republic of Haiti, Minister Consular, Washington, DC. www.haiti.org

Rene Jean-Jumeau, Ph.D., Ministry of Public Works, Transportation, Energy & Communications, Secretary of State for Energy, Port-au-Prince www.mbe.gouv.ht