Charles Perrin Tulsa: A Roller Coaster Ride

The oil and gas industry in Texas has been struggling since the drop in crude oil prices in early 2015. It’s a dramatic turnaround for what had been boom times in the Lone Star State. As worrisome as it is, analysts and Texas oil industry veterans say that it is really nothing new; it’s just the latest turn in has historically been a cycle of boom and bust.

This roller coaster ride has been going on for most of the last century: a period of high prices and great profits, followed by low prices and jobs and fortunes lost. Industry veterans say that it’s never fun, but it’s the way it is and always has been. And they say that anyone in the business who thinks that the boom times are going to last, hasn’t been around long enough to appreciate the cyclical nature of the oil and gas industry.

Geologists with experience in the Texas oil industry say that the dramatic fall in oil prices was inevitable. Some say that there is a long history of technological advancements that lead to supply gluts and the associated price crashes. And those who have signed up for the oil business because they know they’ll be getting high paychecks have to be aware that they can’t put all their eggs into one basket.
Charles Perrin is the owner of Rockford Energy Partners, LLC, an oil and natural gas company based in Tulsa, Oklahoma. Oklahoma, too, has a long and rich history in the oil industry. It is one of the top natural gas-producing states in the U.S., with five operating petroleum refineries. Rockford Energy Partners is focused on long-life gas reserves in the mid-Continent, including Oklahoma and the Texas panhandle.
Sources:
http://money.cnn.com/2015/01/15/investing/oil-prices-texas-jobs/
http://www.eia.gov/state/?sid=OK

Charles Perrin Tulsa: Petrochemical Boom Times

The drop in the price of crude oil hit the oil and gas industry in Texas very hard during the early part of 2015. As of early June, the numbering of functioning oil and gas rigs is down by more than five hundred from the same period one year earlier.

As hard a hit as the exploration and production side of the industry is taking, there is a silver lining at petrochemical facilities, which are seeing boom times because of low natural gas prices. The Potential Gas Committee, which assesses the recoverable natural gas resource base in the United States, is estimating that there are now more than two and a half trillion cubic feet of technically recoverable natural gas.

In just one Texas Gulf Coast county there are about thirty-one billion dollars in petrochemical facilities under construction, or planned for construction in the near future. The building of these facilities means boom times for the construction industry, too: forecasters expected them to create nearly twenty thousand jobs, many of the direct construction jobs and many more in indirect, construction-related jobs.

These new petrochemical facilities include an ammonia production facility, a propane dehydrogenation plant, and Liquefied Petroleum Gas terminals. Analysts believe this could be a longtime economic boom for the petrochemical industry in Texas.

Charles Perrin is the owner of Rockford Energy Partners, LLC, a Tulsa, Oklahoma-based company engaged in the acquisition, exploitation and drilling of oil and natural gas. The company was founded in 2002, in a partnership between Perrin and Quantum Energy Partners. The company was formed with its primary focus on acquiring long-life gas reserves in the mid-Continent and in Oklahoma and the Texas Panhandle area.
Sources:
http://potentialgas.org
http://www.breitbart.com/texas/2015/06/06/texas-oil-and-gas-rig-count-continues-decline/

Charles Perrin Tulsa: The Oil and Gas Industry

The oil and gas industry in the United States is a complex mix of science, technology and economics. It is generally divided into two broad sectors, referred to as upstream and downstream. Upstream refers to the exploration and production of the raw material, crude oil, while the downstream sector refers to the refining, processing, transporting, distributing and marketing of that raw material.

Exploration and production, or E&P, includes locating underground petroleum reservoirs. These are formations deep within the earth that contain crude oil and naturally occurring gasses. They are sometimes referred to as traps. Once these reservoirs are found then it must be extracted.

The petroleum reservoirs are located using a couple of different methods: geological surveys and seismic surveys. The former involves collecting and analyzing rock samples in an area, and identifying those features of the samples that indicate the presence of an oil field. The latter method involving bouncing sound waves off of subsurface materials and measuring how much time it takes for the waves to be picked up by geophones. Scientists are able to use them to create images of the subsurface rock to identify the presence of petroleum reservoirs.

These methods are used in the exploration phase, which includes the drilling of exploratory wells to confirm the presence of a reservoir. Once they are then the raw material must be extracted. Oil wells are most often drilled using a rotary rig, and the crude oil is recovered through primary, secondary, and tertiary techniques. The extracted raw material goes to a field separator, and its components – gas, oil and water – are separated.

It is all a highly complex process, but one that the world has come to rely on. Charles Perrin is the owner of Rockford Energy Partners, LLC, a Tulsa, Oklahoma-based company engaged in the acquisition, exploitation and drilling of oil and gas properties.
Sources:
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=5434547
https://www.linkedin.com/pulse/20140610195219-160381676-understanding-the-basics-about-the-oil-and-gas-industry

Charles Perrin Tulsa: Rockford Energy Partners

Charles Perrin runs Rockford Energy Partners in Tulsa, Oklahoma. He formed the company with Quantum Energy Partners in 2002 in order to acquire, exploit and produce oil and natural gas properties, primarily in Oklahoma and the Texas Panhandle.
At the time the company was established, Quantum invested some fifteen million dollars in cash, and Perrin and his Rockford management team committed an undisclosed sum.

The primary focus of Rock Energy Partners has been on acquiring long-life gas reserves through production purchases. The oil industry in Texas has been struggling in 2015 after a boom period when crude oil production statewide rivaled all-time records set more than forty years ago. The state has been particularly hard-hit by the drop in crude oil prices through the first half of 2015. As of early June, only 364 oil and gas rigs were in production, down from nearly nine hundred at the same time one year before.

On the bright side, low natural gas prices are helping to create a boom period at petrochemical facilities. According to the Potential Gas Committee, the United States has an estimated two and a half trillion cubic feet of technically recoverable natural gas. In one Texas county alone there are some thirty-one billion dollars in petrochemical facilities that are either under construction or planned for construction. Analysts say they will create more than nineteen thousand construction jobs, directly and indirectly.

Quantum Energy Partners is a private equity firm that manages more than three hundred million dollars of capital focused on the energy industry. During the course of his career, Charles Perrin has been the CEO of three different corporations. He has worked in the clothing and branding industries, and once worked for General Foods.

How to Be a Successful Team Member – A Guide

Whether you’re just now entering the job market or have served as a seasoned business executive for some time, knowing how to function as an efficient and cooperative team member is an incredibly important skill. At all levels, a business that employs people who are excellent team players, or at least have the willingness to learn, is bound to exceed expectations and maximize outcomes. Charles Perrin Tulsa founded Rockford Energy Partners by serving as an excellent team member, working with other organizations such as Quantum Energy Partners to produce the highest quality work in the oil and natural gas industry. He is known in the industry for being an innovative and thoughtful leader, and he has shared that he considers the following characteristics to be the most valuable when businesses are looking to create the highest quality teams.

1. Look for employees who communicate effectively and constructively. Teammates who will speak up in an honest, direct, and respectful manner will achieve and surpass goals in a way that supports and empowers the entire team.
2. When building a professional team, choose employees who are actively engaged. People who choose to take initiative and function with a “what-can-I-do” mentality will complete projects and assignments far more effectively than knowledgeable employees who wait to be called on. Search for employees who are looking for new and exciting was to contribute to the conversation.
3. Finally, successful team members are people who are first and foremost committed to the team and the cause. If you can fill a room full of people who are passionate about the work they do and the business they serve, your company is sure to reach every goal and aspiration.

Charles Perrin of Tulsa – Partnership with Quantum Energy Partners

Charles Perrin of Tulsa is a successful businessman and leader of the energy industry. He is well-respected and seen as an innovator in his field, after overseeing the growth and progression of companies that he has founded and the industry as a whole.

Charles Perrin of Tulsa graduated with a BBA in Energy Management from the University of Oklahoma’s highly regarded Energy Management program. After graduation he immediately joined the workforce, working for energy companies such as Hawkins Oil and Gas, Apache Corporation, and Sapient Energy Corp. Using the experience he gained and the business connections and friends he made while working for companies such Apache Corp., Charles founded his own company, Rockford Energy Partners I, in 2002.

The start-up was in part funded by a $15 million investment by Quantum Energy Partners. The investment proved to be a wise one as Rockford Energy Partners I grew to become one of the leading energy companies in the region, after obtaining over 200 miles of gas pipelines and 375 wells in the Cherokee Basin. This was all done under the watchful eye of Charles Perrin’s leadership.

In 2005, Charles Perrin of Tulsa founded a second company, Rockford Energy Partners II and again recruited Quantum Energy Partners to invest. This time Quantum Energy Partners invested $50 million and merged with Charles’ company to form one company under the Rockford Energy Partners II name. This partnership again proved to be fruitful, and a wise investment by Quantum Energy Partners as the rebranding of the company led to $1.57 billion being made in Board-approved offers.

In 2008 Charles Perrin of Tulsa sold Rockford Energy Partners II so he could spend more time with his deserving family.

Drilling for Oil – A Beginner’s Introduction

The production of oil is a lengthy process that has taken millions of years to be able to carry out. Between ten and 600 million years ago, small animals and plants decayed in the sedimentary layers of the earth. Over time, these small plants and animals developed into source rock. The incredible amount of heat and pressure on the source rock over time was the necessary force to create natural gas and crude oil. The oil and natural gas then flowed into porous rock, which is where we now extract it from when we drill for oil.

The task of locating oil is left to geologists. Oil geologists look for specific patterns in terrain and surface rock through satellite images as well as gravity meters, magnetometers, sniffers, and seismology. In the case of seismology, the most common method of finding oil, shock waves are sent into the ground or water that is being explored, and geologists can identify signs of oil based on the shock wave reflections.

Once geologists and scientists have decided on a drilling site, the land is cleared and leveled, and a nearby water source must be identified. A reserve pit for the disposal of cuttings and mud must be dug out as well. When these tasks have been completed, numerous holes are dug out to accommodate the equipment and begin the initial drilling. When these initial holes have been completed, the main drill can be set up, and the drilling can begin.

Charles Perrin Tulsa, the founder of Rockford Energy Partners, believes it’s important that the general public understands the process by which they receive the energy that is utilized by their homes, cars, and more. He lives in Tulsa with his family.

Charles Perrin of Tulsa: Experienced CEO

Charles Perrin of Tulsa is an experienced businessman and leader. He is an influential and respected individual in the energy industry, having spent his entire career moving the industry forward. He graduated from the University of Oklahoma, leaving with a BBA in Energy Management. Since then he has gone on to work for numerous energy corporations and start up and lead a number of others.

Prior to leading his corporations, Charles Perrin of Tulsa was an active member of the energy industry workforce. He worked for a number of companies including Apache Corporation, Cities Service Company, Hawkins Oil and Gas, SMR Energy Income Funds, and Sapient Energy Corp.  He met a number of his future partners at these firms, where they created a connection and bonded over their passion for the energy industry. Some of those connections that Charles made would later come in handy when he founded three separate energy corporations.

Using the wisdom that he gained from years of experience with other energy corporations, Charles Perrin of Tulsa founded his own company with the help of some of his former colleagues from his time at Apache Corporation in the 80’s and 90’s. In 2002 Charles founded Rockford Energy Partners I. He would go on to found two more corporations called Rockford Energy Partners II and Rockford Energy Partners II. He served as the Chief Executive Officer for all three corporations and led all of them to economic growth and prominence within the energy industry community.

In 2008, Charles Perrin of Tulsa sold Rockford Energy Partners in order to spend more time with his family.

3 Top Components for a Successful Energy Business

Trying to get a business off the ground can be one of the biggest tasks an entrepreneur can take on.  Entrepreneurs require a certain discipline and vision in order to launch their business.  These same principles would apply to the energy industry and to anyone who may be looking to jump start their own energy company.  For Charles Perrin, former CEO of three energy corporations from Tulsa, there were 3 components that he felt were absolutely necessary in order for him to take his corporations to the success they received.  Charles says analyzing your competition is important. He says one way to be successful is to study and learn from your competitors. They may be doing something right that you can implement in your business to make more money.  Charles also feels that you need to have a good understanding of the risks and the rewards. The key to being successful is taking calculated risks to help your business grow. Charles says a good practice is to ask yourself what’s the downside could be. Answering this will give you the worst-case scenario which can help you plan and prepare your business better. This will allow you to take the kinds of calculated risks that can generate rewards for your business.  Charles last suggestion is to keep detailed records.  While this seems like an obvious component, Charles knows that it is one that can sometimes be easily overlooked. All successful businesses keep detailed records which help you know where the business stands financially and what potential challenges you could be facing. Just knowing this gives you time to create strategies to overcome the obstacles.

In 2002, Charles Perrin of Tulsa founded Rockford Energy Partners I, along with some former colleagues and a $15 million investment from Quantum Energy Partners. As the CEO of Rockford Energy Partners, I Charles went about ensuring the growth of the company. Rockford Energy Partners I obtained over 200 miles of natural gas pipeline and operated 325 wells in the Cherokee Basin. This was done in the space of less than 3 years.  In 2005, Charles Perrin of Tulsa founded his second company, Rockford Energy Partners II. Quantum Energy Partners invested $50 million this time; Charles again served as the CEO. Like the original Rockford Energy Partners, the second one was successful and profitable. Rockford II made over $1.57 billion in Board-approved offers. In 2008, Charles Perrin of Tulsa sold Rockford Energy Partners II and started Energy Partners REP III.  Charles Perrin from Tulsa has since sold his companies and plans to spend more time with his family.

Tips to Make Your College Education Stand Out

Every potential college student goes through the anxiety of completing college applications and making sure theirs stands out from all of the rest.  Charles Perrin, a successful Executive in the energy industry, knows how difficult it can be as he recalls his own experience when applying to the University of Oklahoma.  He obtained his BBA in Energy Management.

Charles Perrin from Tulsa says to be sure to thoroughly read through the application instructions.  He suggests allowing plenty of time to complete the application, so you have time to review it and be sure you’ve covered everything the instructions ask for. It’s important to stay within the parameters of instructions. Try not to provide extra information, treats or items of appreciation that have nothing to do with your academic goals at the college.  While it seems like it would make you stand out, it actually has an adverse effect on your chances of being noticed.  Charles Perrin feels applicants should jump right into their Story in their essays and short answers.

He says college admissions say that a great opening line and a small life story captures their attention and makes the applicant memorable. So write about how specific moments in your life affected you.  Another key tip that Charles thinks is important can ruin an applicant’s chances more than referencing the wrong college name or incorrect college facts in the application. Be sure not to writes essays and short answers so general admissions can’t see why you would want to attend their college. Charles suggests that applicants mention the specific features of the college that appeal to them in their essays and short answers.

Charles Perrin of Tulsa saw the economic potential of the energy industry when he was young. Having grown up in the area, he knew the importance that the energy industry had on his community which prompted him to pursue the education he needed to get involved in the industry.  The University of Oklahoma was the first academic institution to offer an energy management program. The program started in 1958 and has grown to be the largest of its kind and has ushered in new members of the energy industry workforce with great success.  Charles earned his energy management education from the University of Oklahoma. He knows that that education was the foundation for him in achieving the amount of success that he did.