Exploration geologists are scientists that try to find oil reserves underground. They have used many crude implements in the past to look for oil in the past, but in the last twenty years, exploration geologists have invented a series of ever-more sophisticated surveying technology to detect oil without damaging the environment, property, or people. One relatively new technique in finding oil underground is geochemical prospecting. This process involves measures the tiny amount of gasses that seep up from various layers of rock below ground. By analyzing the chemical content of these gasses, scientists can tell which kinds of rock are below the surface and how far below they are. Petroleum deposits send a particular kind of gas up to the surface that seeps through the layers of rock that scientists can analyze.
Another relatively new kind of prospecting that exploration scientists use to find petroleum deposits is by using magnetometers, which measure the tiny changes in magnetism in different layers of rock below the surface. Different layers conduct magnetism differently, and scientists can find exactly where the oil deposit is based on their readings. A third method that many scientists use to find oil is with a gravimeter, which measures the tiny differences in gravitational pull at the earth’s surface. By mapping these differences, scientists can tell where denser layers of rock are and get a better understanding of the structures below ground.
Brian Sullivan of Fairfield Energy has worked for years using the best detection methods at his disposal to consistently find productive oil fields for both he and his partners. He always went after the best opportunities he could using whatever survey technique makes the most sense.
Wildcatting is a way of prospecting for oil that many prospectors use when they don’t have the equipment to conduct a geophysical survey or a remote sensing operation. Prospectors drill wildcat wells when they are short on time or money, and hope that they can strike an oil reserve for next to nothing. Wildcatters drill wells in untapped areas where there are no other wells exist in the hopes that they will drill into an untapped reserve. Statistically, only one in ten wildcat wells hit oil or gas, and one in fifty produce economically significant amounts of oil.
Wildcat wells are still expensive, with one well costing about ten million dollars to operate, but they are much cheaper than typical wells. This is partly because there is less investment in surveying or sensing operations that can eat up a budget. Wildcat wells are also smaller in diameter, making them cheaper still. As geological equipment gets smaller, easier to use, and more accurate, wildcatting could become a thing of the past as an investment strategy soon.
Brian Sullivan of Fairfield Energy doesn’t engage in wildcatting for the benefit of his investors. He always finds productive oil wells and fields. Sullivan always finds wells that are known producers and invests his clients’ money in fields that he knows will give them the best return on their investment. He doesn’t invest in oil fields that have small chances of panning out, and he always does the research for his clients to put their investments in productive oil wells.
Brian Sullivan of Fairfield Energy has learned much from the sport of baseball, an activity he grew up playing and enjoying, and that continues to be an influence on who he is, and what he does, to this day. As a player, Sullivan learned the importance of properly weighing risks, and that just as much can often be accomplished by playing it safe as can be by going for the homerun.
Brian Sullivan Fairfield Energy, the current President of Precision Global Corporation, learned early on that swinging for the fences, whether in baseball or in business, can be an incredibly risky, even devastating proposition, as going for everything on just one swing often leads to striking out, complete failure that can have highly negative consequences for both the individual and the team. As a business leader, Sullivan is always seeking a better than average shot at getting on base, which is why he foregoes potential risk by playing it safe, and going after things that have the best potential for success.
As a professional in the oil and gas field, Brian Sullivan of Fairfield Energy understands the inherent risks involved with the industry, though he also understands the potential of a safe approach, one that can produce a positive and profitable return, in some cases a return that exceeds over 100% of the investment each year. Sullivan is committed to the safe approach, and to working with the best in the business to ensure that each job is done right the first time.
Brian Sullivan of Fairfield Energy got into the oil business later than many of his oil industry peers. He had a more than seventeen-year career in the mortgage banking industry in Pennsylvania, where for most of that time he was the owner of Advantage Funding LLC, a mortgage lending company that specialized in VA and FHA financing.
Brian Sullivan of Fairfield Energy is known to friends and family as an honest, down-to-earth person who is a trustworthy family man. He is known for his good business sense, and says that he always tries to lead by example.
The term "business sense" is often used to describe someone with the ability to make smart financial decisions, an ability that Brian Sullivan of Fairfield Energy consistently demonstrated during his years as a mortgage banker. All business decisions, he says, are essentially financial in nature, since business is all about making money. He has familiarized himself with what works and what doesn't. And as the owner of Advantage Funding, and later as a founder of Precision Global Corporation, he has studied risk management and been an entrepreneur.
Brian Sullivan of Fairfield Energy was successful enough as a mortgage banker that he retired at the age of forty and moved to Colorado. But retirement at that age was not for him, and by 2004 he was starting a second career with an independent oil and gas company. His business background quickly earned him the title of Vice President with the new company, and in the next decade the procurement of twenty-eight oil and gas wells around the United States. His new company is currently drilling in Texas.
Brian Sullivan of Fairfield Energy is the founder and President of Precision Global Corporation, an oil and gas company that is based in Texas. He entered the oil business after an earlier, successful career as a mortgage banker in Pennsylvania that lasted for seventeen years. For the last ten of those years he was the owner of Advantage Funding LLC. Advantage Funding, he says, was a Mortgage Lending Company that specialized in VA and FHA financing.
Precision Global Corporation owns the working interest in an oil field in Archer County, Texas. As Brian Sullivan of Fairfield Energy knows, the oil industry in Texas is experiencing a boom at present, with production at near-record levels. Texas experienced an all-time high in 1972, but an economist with the Texas Alliance of Energy Producers is forecasting that new production could eclipse those 1972 levels. He said that growth returned with a vengeance in 2014, as seen in an across-the-board increase in Texas oil exploration and production activity.
All of which is good news for Brian Sullivan of Fairfield Energy, who only formed Precision Global Corporation in the spring of 2014. He did not even enter the oil business until after retiring from the mortgage banking industry at the age of forty, at which time he moved to the state of Colorado. He got in on the ground floor of a gas and oil company and spent two years as its Vice President, during which time he was involved in the financial procurement of 28 oil and gas wells in Texas, and Kentucky.
Brian Sullivan Fairfield Energy - Five Successful Wells
Brian Sullivan of Fairfield Energy entered the oil and gas industry after a successful seventeen year career as a mortgage banker in Pennsylvania.Brian Sullivan Fairfield Energy formed Precision Global Corporation in the spring of 2014 and began drilling in an oil field in Archer County, Texas. This is a really good time to be in the oil business in Texas. Texas is in the midst of a massive oil boom and is now producing nearly thirty-five percent of crude oil in the United States, according to the United States Energy Information Administration.
Brian Sullivan Fairfield Energy says that Global Precision has already drilled five successful wells in the Archer County oil field, and is optimistic about twenty more that it plans to drill by the summer of 2015. "Our wells are being drilled in a proven field with many successful wells around us," he says. Not only is oil production booming in the Lone Star State: its twenty-seven petroleum refineries are churning out twenty-nine percent of the refining capacity of the United States, and are able to refine more than five million barrels of oil each and every day.
These are astonishing numbers, and they give Brian Sullivan of Fairfield Energy a lot of hope for the future. One of his objectives with Precision Global Corporation is to help the United States achieve its energy independence, so that his grandchildren will not be in the same boat the Americans find themselves in today. He says that his approach to any project is informed by his experiences playing baseball as a child: "Swinging for the fence is risky and can have devastating results. My philosophy is to play it as safe as possible."
