Welcome to Harvest Petroleum, Inc.


Harvest Petroleum
has been a registered Operator in Texas and Louisiana for oil and gas field operations since 1996 and with actual drilling operations for more than 8 years. Harvest Petroleum has actively participated in over 200 wells in different stages of oil and gas field development.

Harvest Petroleum can act as a contract operator for other owners.

Details are posted on project history link.

We work with industry partners concerning drilling, re-working, and improving existing production in West Texas and Central and Northern California.

We have operated or participated with other industry partners in the producing basins of Texas, Louisiana, California, Kansas, Oklahoma, and Colorado.

20th AnniversaryHarvest Petroleum affiliations:
Member of SPE - Society of Petroleum Engineers
Member of AAPG - American Association of Petroleum Geologists
Member of HGS - Houston Geological Society.
Member of DGS - Dallas Geophysical Society
Member of DOGGR - California Dept. of Conservation

NuTech Energy Alliance

Operator # 363117
Texas RRC.


Phil Flynn : The Energy Report 07/02/18
Senior Market Analyst & Author of The Energy Report
Contributor to Fox Business Network

Tweet Street

President Trump shocked the oil traders, OPEC and just about everybody else when he tweeted on Saturday that he had “Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & dysfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference…Prices to (sic) high! He has agreed!”

Obviously if that was true, that the Saudi had agreed to raise production by 2 million barrels a day, that would cause a sharp drop in oil in the short term but would be very bullish in the long term because a move like that would basically remove most of the world’s spare oil production capacity. In fact, if the White House and President Trump had not backed off that tweet, the oil market would have opened 3 dollars a barrel lower instead of the dollar lower it opened on Sunday night.

Yet, the White House clarified the statement saying that what King Salman bin Abdulaziz was saying was that his country has 2 million barrels a day of spare production capacity “which it will prudently use if and when necessary to ensure market balance and stability, and in coordination with its producer partners, to respond to any eventuality.”


Forget About Oil at $80. The Big Rally Is in Forward Prices

Bloomberg.com : By Catherine Ngai, Alex Longley, and Javier Blas
May 21, 2018 *

Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.

The five-year Brent forward price, which has been largely anchored in a tight $55-to-$60 a barrel range for the past year and a half, has jumped over the last month, outpacing the gains in spot prices. It closed at $63.50 on Friday.

"For the first time since December 2015, the back end of the curve has been leading the complex higher," said Yasser Elguindi, a market strategist at Energy Aspects Ltd. in New York. "It seems that the investor community is finally calling into question the ‘lower for longer’ thesis."


The Energy Report 01/11/18

The Oil Glut Is Officially Gone

Phil Flynn
The PRICE Futures Group
Senior Market Analyst & Author of The Energy Report
Contributor to Fox Business Network

The oil glut that many said would never go away is officially gone. For the first time since June of 2015 oil supplies are back in the average range and not above average. This is happening as U.S demand is above average, and that in part explains why the supply of oil continues to drain at the fastest pace in history.

The Energy Information Administration reported that U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) fell by 4.9 million barrels from the previous week. That puts supply at 419.5 million barrels down from March 2017 when supply was at 528.7 mb in storage. That is a massive drop in supply as U.S demand soars, U.S imports have fallen and U.S crude exports are at records.

We did see an increase in products but that was pale in comparison to recent demand. The EIA reported that total motor gasoline inventories increased by 4.1 million barrels last week and are near the top of the average range. Finished gasoline inventories were down slightly.

Yet, the demand was the story that has not been told enough. Over the last four weeks, motor gasoline product supplied averaged about   9.1 million barrels per day, up by an impressive 2.5% from the same period last year.

Distillate fuel inventories increased by 4.3 million barrels last week and are in the middle of the average range for this time of year. Distillate fuel product supplied averaged about 3.9 million barrels per day over the last four weeks! That is a big increase year over year.

It’s not just U.S. demand. This demand surge is a global phenomenon. While India’s oil demand may have disappointed by its 2017 demand growth, which was the slowest pace in four years, it was due to a fuel tax the government imposed to slow growth to a modest 2.3 per cent. India imported around 4.2 million barrels per day (bpd) of crude in 2017, according to trade flow data in Thomson Reuters Eikon. Their gas demand increased by 7.4% down from 12% the year before. Still impressive in a normal world.

Yet, just about everywhere else in the globe we are seeing demand exceed expectation. U.S. refiners are rising to the occasion.  U.S. crude oil refinery inputs averaged 17.3 million barrels per day as refineries operated at 95.3% of their operable capacity last week. Close to a record for this time of year.

Global oil discoveries are at the lowest level in over 70 years and the future fallout from over a trillion dollars of capital spending cuts will reduce future supply anywhere from 8 to 11 million barrels of oil a day. Think of the gravity of that. That would be like if Saudi Arabia, or Russia or the U.S. stopped producing oil completely. Just think where prices might be if one of those major producers stopped producing today. Demand growth over that time will challenge producers to meet that demand. Sure we will see some Improvements in technology and rising prices will get us to produce more oil at some point but it may take a major price spike before the markets get the message.

A record draw for natural gas. Natural Gas Intelligence writes  "Net exports, in addition to intensely cold winter weather, pushed total demand to record highs throughout the storage week," PointLogic told clients earlier this week. "Total domestic demand gained just over 20 Bcf/d week-on-week," mostly in the Midwest and East regions.  Stephen Smith Energy Associates updated its weekly estimate Tuesday to show a withdrawal of 316 Bcf, while Kyle Cooper of IAF Advisors predicted a 338 Bcf pull.

"The production numbers are so much higher than a year ago, so the market isn't getting freaked out," Price Futures Group senior analyst Phil Flynn told NGI, pointing to recent data showing about 6-7 Bcf/d production growth year-on-year. If we would have gotten a 330 Bcf withdrawal a year ago, natural gas would have rallied $1.50-2, but over the last year we've opened up a lot of new pipeline capacity, allowing production to rise."

Combine the year-on-year production gains with indications that the weather could warm up after next week's cold, and "that's why the market is feeling pretty sassy right now that $3 is resistance," Flynn said.

Tune into the Fox Business Network (FBN) is the best in business! Call to get my daily trade levels. The MoneyShow Orlando is coming in February.  Sign up for my class talking about a historic bottom in oil and what it means for your future. You can even golf under the stars!  Time Is running out! Go to Flynn.OrlandoMoneyShow.com 

The Phil Flynn Energy Report 11/03/17

Making Oil Great Again

Phil Flynn
The PRICE Futures Group
Senior Market Analyst & Author of The Energy Report
Contributor to Fox Business Network

The House rolled out its tax reform bill and not only did it put in a big tax cut for all corporations it also gave oil producers an edge by removing incentives for electric vehicles and solar companies.  It is nice to see a piece of legislation that does not penalize the oil industry just because it is the oil industry in favor of alternatives. That may be important, the great oil and product drain continues as global demand is now exceeding daily production level and is signaling major crude oil and product supply drops into the end of the year. Oil and refiners will have to really ramp up as we could see a supply squeeze next year as Saudi Arabia is saying they want a $60 a barrel floor for oil.

The big point for oil and all corporations is the fact that the corporate tax rate would be lowered to 20 percent from 35 percent. While Fox News report that it is unclear if this reduction would be immediate or gradually implemented, either way this is very bullish for oil demand. The reduction in cooperate tax will unleash those competitive animals spirts and corporations will be expected by shareholders to look to take advantage of the tax break. That will cause a surge in economic activity and will increase demand for oil. There will be even more demand for gasoline as the bills takes away the $7500 credit for buying an electric car, so if you want a Tesla you had better buy it now. It also removes that same credit for some solar and geothermal projects but does keep some incentives for renewables in place.

For oil and gas, Bloomberg reports that the House proposal protects three provisions that save explorers billions of dollars annually, while chopping a few others. The legislation preserves the use of the so-called last-in- first-out provision, also known as LIFO. These special accounting rules let companies value crude stockpiles at the price they’re selling for, rather than the original purchase cost. The bill also allows continued deductions of so-called intangible drilling costs and preserves a measure that lets explorers reduce taxable income to reflect the depreciation of reserves.


The Phil Flynn Energy Report 11/02/17 : Less Is More!

Phil Flynn
The PRICE Futures Group
Senior Market Analyst & Author of The Energy Report
Contributor to Fox Business Network

Famed architect Mies van der Rohe was famous for his belief that sometimes you can do away with all the ornamentation on building because sometimes less is more. They are now finding that out in the energy space these days, that is also true and if you do less you will be rewarded. OPEC and Non-OPEC found that out when they cut production to shore up prices and reduce over supply. Now some shale producers are getting the message as well. Dow Jones reported that shares of Devon Energy, one of the largest U.S. shale companies, are up 4.2% after the company disclosed plans to spend less next year than some analyst estimates. Devon will invest between $2B and $2.5B on exploration and production, less than the $2.6B or more that had been anticipated, according to Tudor Pickering Holt. The stock surge according to Dow Jones stems in part from interest that has intensified among some investors for shale companies to live within their means, reduce spending and temper their ambitions in the name of improving profitability..


Old Oil Is New Again

Companies say conventional wells can be profitable, no fracking required

By Lynn Cook
The Wall Street Journal
Aug. 20, 2017 6:00 a.m. ET

From California’s Central Valley to the Native American lands of Oklahoma, more small- and mid-sized oil firms—many backed by private equity—are forgoing expensive shale drilling projects and opting for old-school wells instead.

As crude prices languish under $50 a barrel, and with increasing costs for land, labor and infrastructure, some shale fracking operations are starting to look expensive. That has some investors turning to...


See Quotes From Bob Harvey, President Of Harvest Petroleum, in the following article, when oil was far cheaper than today and his perspectives were spot on!

Bob's ArticleApril 2010 - VARIETY OF OIL, GAS PROJECTS KEEP INDEPENDENTS BUSY ON GULF COAST ONSHORE! - By Al Pickett - Special Correspondent

Strong On Oil
Harvest Petroleum’s Bob Harvey says oil development opportunities are vital to smaller independents such as his company. “From our perspective, we do not want to spend a bunch of money chasing gas shales. A small independent has a tough time making money in a crowd,” he offers. “We are strong on oil. Our bread and butter is oil projects in which we can get a good product price without having to deal with so much competition."

Accordingly, Harvey says Harvest Petroleum’s strategy focuses on smaller-sized prospects in the Bakken oil shale in the Williston Basin and lower-risk opportunities in and near existing producing fields in the Gulf Coast. Harvest Petroleum operates a lease near Santa Fe, Tx., in Galveston County, and has a nonoperating share of a 12,000-acre lease in St. Landry Parish in Louisiana.

Smaller independents have to be oriented toward oil,” he claims. “All the big company budgets are going to shale. We can either tag along or look for oil plays appropriate for our size of company.” Harvest Petroleum is looking at several Gulf Coast oil opportunities and analyzing data, Harvey reports. “We have the drilling dollars,” he states. “We are looking for the right deals that fit our position. To justify going for it, we need an ‘oily’ project that fits our investment criteria.”...Go to Full Article

Washington Post Quote where his predictions about the market have come to pass - Feb. 2009.

Robert Harvey, the principal of Harvest Petroleum, Inc., a small firm in Frisco, Texas, said he's looking to invest in four or five drilling projects, perhaps spending as much as $ 2 million in the next couple days. Harvest Petroleum already has interests in wells in parts of South Louisiana and Texas. He figures the economy will rebound sometime next year, and so will the fortunes of the oil industry. "This is a chance to get some good prospects and ride this out, Harvey said. "This thing is going to turn around in 18 months or so, and 18 months is nothing in this business. We look at five, six, seven year horizons." Go to Full Article

Top ProjectBob Harvey, Scott Hector and Andrew Smith receives the honor of the Top Project from a panel of expert judges of American Association of Drilling Engineers.
July/August 1993

"The town may still be unknown to many, but in oil and gas circles the new-found Bixler gas field is synonymous with overnight success.

"We're very pleased with it." Scott Hector, the geologist, says of the discovery well that flowed at rates as high as 21 million cubic feet per day through a less than one-inch choke."
Click on the image on the left to

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