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Torch, Advantage Form EnerStar

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 of EnerStar.

"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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