Intercept Energy Services, Inc. (IESCF) is an innovative Oilfield Services Firm (OFS) primarily focused on the deployment of its proprietary HE Heaters frac water heating technology used by oil and gas exploration and production companies operating in Canada and the United States. The company also specializes in unconventional energy extraction and related services such as oil sands processing, oilfield equipment, and oilfield waste disposal and recovery of reusable products from waste.
The HE Heaters is a patent pending propane-powered system that provides a superior heating method compared to traditional methods used by oil and gas companies and their fracking operations. The technology’s clean, complete and efficient burning capability makes it the most cost effective, safest and environmentally friendly frac water heating system available today.
Committed to providing innovative and efficient products to the oil and gas industry, Intercept Energy also offers an existing line of services and equipment designed that enhance safety, increase efficiency and result in lower costs.
Intercept Energy trades on the OTCQB under ticker symbol “IESCF” and the Toronto Stock Exchange under the ticker symbol “IES.V”.
- Competing in $750B Oil & Gas Services Industry
Innovative, Superior Frac Water Heating Technology
Providing Valuable Solution for Oil & Gas Challenges
Highly Focused on Workplace, Environmental Safety
Seasoned, Progressive & Dedicated Management Team
Frac Water Heating Technology
The most cost-effective, safe and environmentally friendly frac water heating system available today
Intercept Energy Services provides equipment to support the oil industry with products that focus on efficiency as well as safety for the workers. The latest addition to Intercept Energy is an energy superheater unit which is safe to operate, safe to the well site infrastructure, and safe to the environment.
The new heating technology is called HE Heaters, a patent pending propane powered Frac Water Heating System that provides a safer, and more efficient heating method than the traditional methods used today by the oil & gas companies and their fracking operations.
Equipped with numerous safety shut-offs and little-to-no radiant heat emanating from an encased burner, the HE Heaters virtually eliminates any possibility of on-site injuries or accidents associated with traditional water heating methods. The HE Heaters burns cleanly, completely and efficiently, making it the most cost effective, safe and environmentally friendly frac water heating system available today.
The result is improved safety and work efficiency, as well as decreased service costs and a safer and healthier environment for everyone.
HE Heaters Advantage
- Safe to operate, safe to the well site infrastructure, and safe to the environment.
Uses a proprietary method of heating water that has no exposed flame of any sort. There is no place that an individual can place their hand and be burned and there is no insulation whatsoever.
The exhaust gas leaving the system is virtually the same temperature as the heated outlet water.
Intercept Energy’s superheaters not only burn the fuel cleanly and completely, but transfer almost all of that heat to the water making it superior to other frac water heating systems.
With its numerous and redundant state-of-the-art safety shutdowns and controls, HE Heaters makes the workplace safer.
Upon project completion, there is no footprint behind – no ice or emissions are left onsite.
Outperforms other gas and diesel fired technologies by transferring virtually all of the input heat to the water, saving time and money.
More than 12 hours of supply at full burn.
Intercept Energy Power Tongs are proven to be safer in the field; faster and easier to operate.
- Increase work efficiency
Decrease service costs (eliminating potential Fishing)
Reduce lost man-hours due to injury
Specifically setup for coil tubing applications, with the backup on top
Bite on small O.D’s from 1 11/16″ to 3 1/2″
Are compliant with all OHS rules and regulations, which are being unintentionally broken by virtually every oil company!
Intercept Energy’s Mini Power Tongs have an open mouth design capable to clamp pipes from 1-11/16” to 3-1/2” (outside diameters), and can join pipes of different diameters. The Power Tongs are hauled in 16’ enclosed trailers, which house either Intercept Energy’s diesel powered air-over hydraulic power pack or the company’s diesel-powered electric-over hydraulic power pack. Each unit has more than 100 feet of hydraulic hose.
The company is in the process of building three more units in addition to its six available Thru-Tubing Power Tong Units:
- 2 Diesel Powered, Air over Hydraulic Driven
2 Diesel Powered, Electric over Hydraulic Driven
2 Diesel over Hydraulic Driven
Tapping into the lucrative $750 billion dollar oil and gas services industry
Intercept Energy has established a clearly defined business plan to deploy additional HE Heaters throughout Canada and the United States, following the fastest route to generating new income, company value and growth. The company has the exclusive use of and rights to operate the water heating units in Canada and further in certain areas in the United States.
Alberta’s Oil & Gas Industry
Canada is the third-largest natural gas producer in the world, with the majority of the country’s gas being produced in Alberta. The industry’s latest 2014 quarterly report notes that the oil revolution that began in the United States gradually moved north into Alberta, creating significant opportunity for oil and natural gas exploration and production in the province.
According to provincial figures, remaining established reserves of conventional natural gas at the end of 2012stood at 33 trillion cubic feet; remaining established coalbed methane gas reserves stood at 2.4 trillion cubic feet. The province estimates the remaining ultimate potential of marketable conventional natural gas at 74 trillion cubic feet.
The Alberta Energy Regulator (AER) estimates the remaining established reserves of conventional crude oil in Alberta to be 1.7 billion barrels, roughly one-third of Canada’s remaining conventional reserves and representing a year-over-year increase of 9.5%.
- Over the first eight months of 2014, a total of 10,298 wells across Canada were permitted, up about 9% compared to 9,450 in the prior year’s period.
The Alberta government has boosted its outlook for non-renewable resource revenue for 2014-15 to $9.82 billion, up $612 million from the budget forecast.
Increased Drilling Forecast
Due to stronger-than-anticipated drilling performance in the first six months of 2014, the Petroleum Services Association of Canada (PSAC) in late July hiked its 2014 Canadian drilling activity forecast by 6% over its original outlook. In its third update to its forecast, PSAC said it now expects to see 11,460 wells drilled (rig released) in Canada this year, more than 660 more wells than in the original forecast released in late October 2013. Additionally, PSAC said it expects an increase in activity in British Columbia with 157 additional wells for the year, or a 28% increase, to a total of 707 wells in that province.
As Intercept Energy enters new and emerging markets in North Dakota and the U.S., company management is leveraging decades of experience and strategic planning to achieve company growth.
D. Randy Hayward - CEO, Chairman of the Board, and Director
D. Randy Hayward, B. Comm., LLB, has maintained a successful law practice in Edmonton, Alberta, Canada for 20 years. During the latter phase of his law practice, he founded and managed Canadian Dispute Resolution (Alberta) Ltd. and marketed the service of mediation to the legal community and the insurance industry. He also earned his Diploma in Counseling at P.D. Seminars from the haven Institute on Gabriola Island, British Columbia, Canada.
After relocating to the west coast from Edmonton, Hayward has worked with numerous private and public companies for 15 years, being responsible for fund raising, strategic planning and business development in various positions. He has been a consultant to a number of successful public companies trading on the TSX Venture Exchange, raising investment capital and working in corporate communications, business development and investor relations.
Keith Morlock - President and COO
Keith Morlock has a successful track record of fostering rapid corporate growth for oil and gas services companies. Most recently he was the president of 640energy, LLC, where he established 640energy as a leading oil field services firm serving the Bakken Shale in North Dakota, Utah and other areas in North America. Previously, he was in executive management for public and private oil field services companies where he oversaw their turnaround from a loss to a net profit of more than $2 million within one year and secured contracts with major oil and gas OEMs and production companies.
Richard Oravec - Director
Richard Oravec holds an MBA from Fordham University and a BA from Boston University. Oravec is a seasoned financial engineer of emerging technology companies, having successfully structured corporate finance syndications and private placements in small and medium sized public and private companies.
Through his diverse network in the public and private sectors, Oravec brings to Intercept Energy his experience and resources in the raising of capital, creating investment structures, strategic planning, marketing and development, and developing strategic business alliances for accelerated growth.
Herbert Rainford-Towning - Director
Herbert Rainford-Towning has been on Intercept Energy’s advisory committee since February 2012. Towning is university educated at Nottingham University and a postgraduate of the London School of Economics. He joined CT Bowring & Co. in 1956 and worked with various Banking Houses in London, leaving the UK in 1974 to commence an international banking career in Europe, the United States, Bahamas and the Arabian Gulf with the International Investment Corporation Bahrain until 1994.
In the last few years, Towning has become involved in environmental issues particularly waste management and recycling. He founded OWaste2Energy Company Ltd. in the UK with a waste to energy technology in Wales. This system is now operational in Mexico through his Mexican Company OWaste Mexico de CV which has joint ventures with certain Municipalities in Mexico. Towning’s extensive background and experience provides him a unique ability to make business decisions and create opportunities.
Marvin Jones - Director
Marvin Jones is an established oil & gas executive with more than 50 years of industry experience, notably 30 years of management in the drilling contracting industry. Jones has been a successful consultant to the oil & gas industry since 2002, having worked on major national and international projects with companies such as Griffiths Energy Ltd. Kodiak Energy Inc., Thomson Industries, Challenger Drilling, and Trinidad Drilling Ltd.
Through 1997 to 2002, Jones served on the board of Trinidad Drilling Ltd. and acted as the president for three years. From 2005 to 2008 he also served as a director of Kodiak Energy Inc.
Mervyn Pidherney - Director
Mervyn Pidherney is an established independent contractor with more than 45 years of industry experience beginning in 1964 when he launched his company providing services for projects such as the Husky Ram River gas plant. His success soon grew and by 2011 he was awarded the contract for the design and construction of 88 km of fusible potable water pipes from Athabasca to Wandering River. He received the 2013 Prairies Entrepreneur of the Year for the Energy Services Sector.
Pidherney is founder, president and CEO of Pidherney’s Inc. (formerly Pidherney’s Trucking Ltd.), one of the largest and most experienced lease builders in the oil and gas industry for Western Canada. Pidherney’s has a 40-year history of providing a complete start to finish service for all oil and gas production company needs.
Swapan Kakumanu - Chief Financial Officer
Swapan Kakumanu has more than 15 years of senior finance and operations experience. He has served at senior executive management levels both in public and private companies including senior roles as president, chief executive officer, chief financial officer, company secretary as well as serving on the board. Kakumanu has extensive experience in public company reporting, investor relations, ERP implementations, mergers and acquisitions, internal controls and general overall financial and operational management. He is a professional accountant and holds CPA.CGA, ACA (Chartered Accountant, India) and ACMA (Certified Management Accountant, India) designations.
Monita Faris - Corporate Secretary
Monita Faris was educated at the University of Central Florida and obtained her BA in English. Based in Vancouver, she has worked as a consultant for the past 15 years providing corporate and securities compliance services to private and public companies. Faris actively attends securities programs and courses offered by the B.C. Securities Commission, the Continuing Legal Education Society of B.C. and the Toronto Stock Exchange. She is currently responsible for the corporate and regulatory compliance aspects of several OTCBB, TSX, TSX.V and Canadian Securities Exchange (CSE) companies.