Peter W. Foster

Experience

• 

  KCS Resources Inc

  Apr 1999 - Sept 2002

  Senior Landman

  • Designed, composed and closed on full range of exploration agreements in assembling exploration prospects on 80 square mile 3-D seismic survey in Louisiana, discovering approximately 25 billion cubic feet of gas reserves, and well producing in excess of 20 million cubic feet of gas per day.• Negotiated and finalized complicated exploration trade, culminating in drilling South Texas well with over 600’ of pay and reserves of over 20 billion cubic feet of gas.

• 

  BP America Production Company

  Jul 2004 - May 2008

  Senior Land Negotiator

  • Managed and directed full land function leasing of 10 internally generated prospects, discovering large reserves and several wells producing 20 to 40 million cubic feet of gas per day in Tuscaloosa Trend in South Louisiana.• Drafted full range of exploration agreements by assembling over 20 exploration prospects on highly successful 125 square mile 3-D seismic survey in Louisiana, acquiring several wells producing over 20 million cubic feet of gas per day.

• 

  El Paso E&P Company, L.P.

  May 2008 - May 2011

  Senior Staff Landman

  • Organized and directed full land function in starting of company’s South Texas Eagleford Shale play including negotiating leases, settling location damages, purchasing rights-of way in continuous 4 rig drilling program, discovering and developing large oil and gas reserves with wells producing 2 million cubic feet of gas per day with 800 barrels of oil per day.• Supervised and ran all land activities in North Louisiana Haynesville Shale play including, negotiating leases, settling location damages, purchasing rights-of way for continuous 6 rig drilling program, discovering and developing large gas reserves with wells producing 20 to 25 million cubic feet of gas per day. 收起

• 

  Freeport-McMoRan Oil & Gas

  May 2011 - Aug 2016

  Senior Landman

  • Negotiated and revised 25 complicated landowner lease forms with more favorable terms allowing company to develop several deep gas Lower Tertiary prospects in South Louisiana, leading to well producing over 50 million cubic feet of gas per day.• Drafted and finalized execution of over 60 joint operating agreements with several operators on company’s North Louisiana Haynesville Shale play acreage enabling orderly drilling of numerous Haynesville wells, leading to discovery and development of large gas reserves with wells producing 18 to 22 million cubic feet of gas per day.• Conducted extensive seller’s due diligence as lead administrator on several highly successful company producing property divestitures, selling over 2,800 wells for $930M. 收起

• 

  Foster Land & Legal Consulting PLLC

  Aug 2016 - Sept 2017

  Principal

  Provide full land and legal consulting services for oil industry clients including due diligence services for sellers and buyers, contract drafting and negotiation on oil industry trades for client companies, administrative services in adding company acquired assets in all computer programs.• Currently under long term in-house contract with Black Falcon Energy, LLC investigating title issues with their recently purchased working interests in Chesapeake Energy wells.• Investigated and discovered title issues in due diligence process on several Permian Basin properties for key client, enabling termination of potentially unprofitable $200M acquisition. 收起

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  Black Falcon Energy, LLC

  Sept 2017 - Jan 2022

  Senior Landman

  Provide full landman services for company including conducting due diligence on company acquisitions and divestments, contract drafting and negotiation on company oil industry trades and all other land administrative services on company data bases.• Conducted, organized and supervised contractors for highly successful $300M divestiture of company core assets in the Haynesville, Eagle Ford and Marcellus Basins covering 6,000 wells in late 2021 with no title defects.• Supervised and conducted seller due diligence for highly successful $125M divestiture of company assets in 2019 in the North Dakota Bakken trend with no title defects. 收起

• 

  Foster Land & Legal Consulting PLLC

  Jan 2022 - now

  Principal

  Provide full land and legal consulting services for oil industry clients including due diligence services for sellers and buyers, contract drafting and negotiation on oil industry trades for client companies, administrative services in adding company acquired assets in all computer programs.