Torch, Advantage Form EnerStar
Torch Energy Advisors Inc. and Advantage Energy Services Ltd.
formed EnerStar Services to provide oil and gas operations and
technical outsourcing services in North America. Bill Ploquet,
former president of Advantage Energy Resources, has been named CEO
"The concept of outsourcing a company's entire oil and gas field
operation is relatively new in the industry, but companies are
finding that in this economic environment, where cost reduction and
production optimization are essential, outsourcing is a great way
for energy companies to have experts run their operations while
they focus on their core competencies - finding oil and gas."
Torch operates more than 3,000 wells for clients throughout the
United States, producing more than 85,000 barrels of oil equivalent
per day. Since formation in 1991, Advantage has provided operating,
optimization and technical support services to more than 50
companies and helped increase the value of their assets by more
than $1 billion.
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