Talara Oil and Gas LLC has formed a new venture to acquire oil and gas properties. The company plans to focus its initial campaign on producing assets in both North and South America.
The newly formed company will be led by Manuel Pablo "Manolo" Zuniga-Pflucker, president and CEO. “We are excited to launch this venture at a time when oil and gas companies are looking for ways to divest properties in an effort to preserve their cash,” Zuniga said. “We will focus initially on Peru, where we believe there are opportunities to build a portfolio of onshore assets that, with proper management and the application of appropriate technologies, are sustainable at today’s commodity prices. Additionally, we plan to look at certain assets in other regions of the Americas that provide strategic growth. We have closed our initial round of funding having secured seed capital to allow the management team to focus on multiple opportunities.”
Zuniga has spent more than 30 years in the oil and gas industry, most recently as the CEO for Houston-based BPZ Energy, which operated on and offshore properties in Peru and in Ecuador. He started his career with Occidental Petroleum Corp. before starting BPZ Energy. Zuniga holds a Bachelor of Science degree in mechanical engineering from the University of Maryland, where he is a visiting committee member, and a Master of Science degree in petroleum engineering from Texas A&M University, where he is a member of the university’s international advisory board.
Zuniga is joined on the management team by Greg Smith, who will lead the finance, treasury, and capital markets initiatives. Smith most recently spent five years with Houston-based Energy XXI Ltd. and also served in key leadership roles at BPZ Energy from 2007 to 2011. He brings over 20 years of experience in the oil and gas sector. Smith holds a Bachelor of Science degree in communications from Missouri State University and a Master in Business Administration degee from the May’s Business School at Texas A&M University.
Chuck Fetzner will lead the company’s asset acquisitions and development. He brings over 35 years of managing exploration and development projects in the US, Peru, Colombia, Argentina, Chile, China, and Africa. Fetzner also held important positions at Sun Exploration and Production, Oryx Energy, and Apache Corp. He holds a Bachelor of Science degree in geology from the University of New Hampshire. Fetzner has experience across both conventional and unconventional assets, and will lead an advisory board.