BNET Industries

Last Fiscal Year Sales:$11.2M
  • Private
  • US
Dow Jones Description

Harvest Natural Resources, Inc. (NYSE-HNR) is primarily focused on the acquisition and development of oil and gas fields in known hydrocarbon basins globally. We seek to leverage our Venezuelan experience as well as our recently expanded business development and technical platform to create a diversified resource base. We have operated in Venezuela since 1992 through Harvest Vinccler, S.C.A. (Harvest Vinccler), our 80 percent owned Venezuelan subsidiary. Harvest Vinccler operates the South Monagas Unit (SMU) in Venezuela under the terms of an operating service agreement (OSA) with Petroleos de Venezuela S.A. (PDVSA). SMU includes the Uracoa, Bombal and Tucupita fields. In 2005, the government of Venezuela pronounced that all OSAs must be converted to mixed companies in which the Venezuelan government would own a controlling interest. On March 31, 2006, Harvest Vinccler signed a Memorandum of Understanding (MOU) with PDVSA Petroleo, S.A. (PPSA) and Corporacion Venezolana del Petroleo S.A. (CVP), both affiliates of PDVSA, to convert our contractual arrangement governed by the OSA into a mixed company. ...

President
Rab Speirs
Number of Employees 22
Contact Information

1177 Enclave Pkwy Ste 300

Houston, Texas 77077

harvestnr.com

(281) 899-5700

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Harvest Natural Resources Turns To Q3 Profit - Quick Facts

    11/05/09 - Financial Announcement - View Story

  • Harvest Natural Resources Reveals 2Q Earnings

    8/05/09 - Financial Announcement - View Story

News & Analysis

harvest natural resources inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Rab Speirs President
Stephen Haynes CFO, Treasurer & Vice President
G. Michael Morgan Vice President
Karl L. Nesselrode Vice President, Engineering & Business Dev
Keith L. Head General Counsel, Secretary & Vice President
Pat Oenbring Vice President, Western Operations
Pedro Luis Velasquez Vice President & General Manager
Robert Speirs Vice President, Eastern Operations
Igor Effimoff Founder and Principal
Johnnye S. Yearwood Controller
Mohnish Pabrai
James A. Edmiston President & CEO

Board of Directors

Name (plus bio) Position
Patrick M. Murray Chairman
H. H. Hardee Board of Directors
H.H. Hardee Board of Directors
J Michael Stinson Board of Directors
John U. Clarke Board of Directors
Robert Irelan Board of Directors
Stephen D. Chesebro Chair of Board

Mr. Speirs was elected Vice President, Eastern Operations on December 6, 2007. He joined Harvest Natural Resources in June 2006 as President and General Manager, Russia. Previously Mr. Speirs was President of Marathon Petroleum Russia and General Director of their wholly owned subsidiary, Khanty Manscisk Nefte Gas Geologia from March 2004. Prior to joining Marathon, Mr. Speirs was Executive Vice President of YUKOS EP responsible for engineering and construction from June 2001. During both these periods, Mr. Speirs spent considerable time in West Siberia where he oversaw substantial increasesin production at both Companies. From November 1997 until March 2001, Mr. Speirs resided in Jakarta where he served as President of Premier Oil Indonesia. During this period, Premier was active in all phases of the Upstream business, culminating in the commissioning of the West NatunaGas Project. Prior to 1997, Mr. Speirs was with Conoco for 21 years in various leadership positions in the US, UK, Russia, Indonesia, Singapore and Dubai, UAE. Mr. Speirs earned a Bachelor of Science degree with Honors in Engineering Science from the University of Edinburgh. He also attended the Executive Management Program at INSEAD.

Organization Position Status
Harvest Natural Resources, Inc. President Current
Harvest Natural Resources, Inc. Vice President, Eastern Operations Current
Companies, Limited Former
Marathon, Inc. Former
Conoco, Inc. Former

Organization Position Status
Harvest Natural Resources, Inc. CFO, Treasurer & Vice President Current
Carrizo Oil & Gas, Inc. Controller Current
Cygnus Oil and Gas Corporation Chief Financial Officer and Treasurer Former
The University of Houston Master of Business Administration Former
Sam Houston State University Bachelor of Business Administration In Accounting Former
The University of Houston Business Administration With A Concentration In Finance Former
Harvard University Former

Mr. Morgan was elected as Vice President, Business Development effective May 19, 2008. Prior to joining Harvest, he served in several capacities at Sempra Energy since 2000 including Corporate Vice President - International, Vice President - Special Projects and President and General Manager - South America Operations. Before joining Sempra, Mr. Morgan was Vice President Latin America New Ventures for Unocal Corporation and held various international and domestic positions at Enron Corporation, Tenneco Corporation, Shell International and Gulf Oil. He has served as a director on the board of several energy companies based in Latin America. Mr. Morgan holds a Bachelor of Science degree in geology from the University of Texas.

Organization Position Status
Harvest Natural Resources, Inc. Vice President Current
The University of Texas Bachelor of Science Degree In Geology Former

Mr. Nesselrode has served Vice President, Engineering and Business Development of the Company since November 17, 2003. From February 2002 until November 2003, Mr. Nesselrode was President of Reserve Insights, LLC, a strategy and management consulting company for oil and gas. He was employed with Anadarko Petroleum Corporation as Manager Minerals and Special Projects from July 2000 to February 2002. Mr. Nesselrode served in various managerial positions with Union Pacific Resources Company from August 1979 to July 2000. Mr. Nesselrode holds a Bachelor of Science degree in Petroleum Engineering from the University of Tulsa and completed the Harvard Business School Program for Management Development.

Organization Position Status
Harvest Natural Resources, Inc. Vice President, Engineering & Business Dev Current
Anadarko Petroleum Corporation Manager Minerals and Special Projects Former
The University of Tulsa Bachelor of Science in Petroleum Engineering Former

Mr. Head has served as our Vice President, General Counsel and Corporate Secretary since May 7, 2007. He received both a Juris Doctorate and Masters in Business Administration from the University of Texas in 1983. He joined Texas Eastern upon graduation from law school and remained with the same organization through mergers with Panhandle Eastern, Duke Energy Corporation and Cinergy Corp. Mr. Head held various business development positions with Duke Energy Corporation from 1995 to 2001. His corporate development work included the identification, evaluation and negotiation of acquisitions in Latin America, North America and the United Kingdom. Mr. Head was Senior Vice President and General Counsel at Duke Energy North America from 2001 to 2004.

Organization Position Status
Harvest Natural Resources, Inc. General Counsel, Secretary & Vice President Current
Duke Energy Corporation Former
The University of Texas Juris Doctorate Former
The University of Texas Masters In Business Administration Former

Organization Position Status
Cygnus Oil and Gas Corporation Chief Operating Officer Current
Harvest Natural Resources, Inc. Vice President, Western Operations Current
Occidental Petroleum Corporation President Former
Occidental Petroleum Corporation General Manager Former
Conoco, Inc. Manager Former
Conoco, Inc. Senior Executive Former
Occidental Petroleum Corporation Senior Executive Former
University of Kansas Bachelor of Science In Chemical Engineering Former

Organization Position Status
Harvest Natural Resources, Inc. Vice President & General Manager Current

Organization Position Status
Harvest Natural Resources, Inc. Vice President, Eastern Operations Current

Dr. Igor Effimoff is founder and principal of a firm which provides upstream and midstream consulting services since 2005. From 2002 until 2005 he was Chief Operating Officer for Teton Petroleum Company. Between 1996 and 2001, he was President of Pennzoil Caspian Corporation, managing their interests in the Caspian Region. Between 1994 and 1996 he was the Chief Executive Officer of Larmag Energy, NV, a privately held Dutch oil and gas production company with its primary assets in the Caspian Sea. He has served in senior executive roles with Ashland Exploration Inc., Zilkha Energy Company and Kriti Exploration, Inc. Dr. Effimoff has authored numerous technical and business articles. He is a member of American Association of Petroleum Geology, the Society of Petroleum Engineers, the Society of Exploration Geophysicists and the Geological Society of America. He has a Doctorate in Geology from the University of Cincinnati and completed the Harvard Advanced Management Program.

Organization Position Status
Harvest Natural Resources, Inc. Founder and Principal Current
Society of Exploration Geophysicists Board of Directors Current
Harvest Natural Resources, Inc. Board of Directors Current
The Geological Society of America, Inc. Board of Directors Current
Society of Exploration Geophysicists Fellow Current
The Geological Society of America, Inc. Fellow Current
University of Cincinnati Doctorate Degree In Geology Former

Organization Position Status
Harvest Natural Resources, Inc. Controller Current

Organization Position Status
Harvest Natural Resources, Inc. Current

Organization Position Status
Masoneilan Company, Ltd. Current
Harvest Natural Resources, Inc. Chairman Current
World Affairs Council Board of Directors Current
Seton Hall University Board Member Current
The Regents Board of Directors Current
Wellstream Holdings plc Board of Directors Current
Maguire Energy Institute Board Member Current
Precision Drilling Trust Board of Directors Current
Rancher Energy Corp. Board of Directors Current
Houston Forum Board Member Current
Rancher Energy Incorporated Board of Directors Current
American Petroleum Institute Board of Directors Current
Southern Methodist University Board Member Current
Precision Drilling Corporation Board of Directors Current
Dresser, Inc. CEO Former
Dresser, Inc. President Former
Sperry-Sun Drilling Services President Former
Halliburton Company President Former
Dresser, Inc. Vice President, Operations Former
Nl Industries, Inc. Controller Former
Nl Industries, Inc. Systems Application Consultant Former
Baroid Corporation Dresser Industries Former
Dresser, Inc. Chairman Former
Seton Hall University Master of Business Administration Former
Seton Hall University B.S. Degree In Accounting Former

Mr. Hardee has been a Senior Vice President-Investment Officer with RBC Dain Rauscher, an investment banking firm, since 1994. From 1991 through 1994, Mr. Hardee was a Senior Vice President with Kidder Peabody, an investment banking firm. From 1977 through 1991, Mr. Hardee was a Senior Vice President at Rotan Mosle/Paine Webber Inc., an investment banking firm. During his tenure at Dain Rauscher, he has been in the top 1 percent of his peer group and has been a member of the Chairman's Council since joining the firm. Mr. Hardee is a licensed investment advisor and has served in various board capacities including investment policy and syndicate underwriting. He currently advises/manages over $300 million in assets. He is also a published author in the area of financial investing. Mr. Hardee is a former director of the Bank of Almeda and Gamma Biologicals. He is also a former limited partner and advisory director of the Houston Rockets of the National Basketball Association. Mr. Hardee has a degree in finance from the University of Texas and holds an Accredited Wealth Management Certification and a director education certification from the National Association of Corporate Directors.

Organization Position Status
Harvest Natural Resources, Inc. Board of Directors Current

Organization Position Status
Harvest Natural Resources, Inc. Board of Directors Current

Organization Position Status
Enventure Global Technology, LLC Director Current
American Iranian Council, Inc. Board of Directors Current
Harvest Natural Resources, Inc. Board of Directors Current
American Petroleum Institute Board of Directors Current
ConocoPhillips Senior Vice President, Government Affairs Former
Conoco, Inc. Former
Paulsson Geophysical Services, Inc. Chairman of The Board Former
Arizona State University Masters of Business Administration Former
Texas Tech University Bachelor of Science degree in Industrial Engineering Former

Array

Organization Position Status
Harvest Natural Resources, Inc. President & CEO Current
Harvest Natural Resources, Inc. Chief Operating Officer Former
ConocoPhillips Asset Manager Former
Dubai Petroleum Company Former
Duke University Masters of Business Administration Former
Texas Tech University Bachelor of Science degree in Petroleum Engineering Former

Since December 2004, Mr. Clarke has been Chairman of the Board and Chief Executive Officer of NATCO Group, Inc., a publicly traded oil services and equipment company. From May 2001 until assuming his current position with NATCO, Mr. Clarke was the President of Concept Capital Group, a financial and strategic advisory firm originally founded by Mr. Clarke in 1995. During 2001, Mr. Clarke was a Managing Director of SCF Partners, a private equity investment company focused on the oil and gas services and equipment sectors of the energy industry. From 1999 to 2000, Mr. Clarke was Executive Vice President of Dynegy, Inc., a publicly traded global energy merchant, where he was also an Advisory Director and member of the Office of the Chairman. Mr. Clarke joined Dynegy in April 1997 as Senior Vice President and Chief Financial Officer. Prior to joining Dynegy, Mr. Clarke was a managing director and co-head of a specialty energy practice group with Simmons & Company International, a Houston-based investment banking firm. From 1995 to 1997, he served as President of Concept Capital Group. Mr. Clarke was Executive Vice President and Chief Financial and Administrative Officer with Cabot Oil and Gas, a publicly traded Appalachian oil and gas producer, from 1993 to 1995. He was with Transco Energy, a publicly traded interstate pipeline company, from 1981 to 1993, last serving as Senior Vice President and Chief Financial Officer. Mr. Clarke began his professional career with Tenneco, Inc. in 1978. In addition to being on the Board of Directors of NATCO, Mr. Clarke is a member of the Board of Directors of the Houston Exploration Company, a publicly traded North American exploration and production company. He is also Chairman and a member of the Board of Directors of FuelQuest, a market service provider to petroleum marketers. Mr. Clarke earned a Bachelor of Arts degree in Economics from the University of Texas in 1975 and a Master of Business Administration degree from Southern Methodist University in 1977.

Organization Position Status
North American Transport Concepts Board of Directors Current
Fuelquest, Inc Board of Directors Current
The M & A Researcher Director Current
Harvest Natural Resources, Inc. Board of Directors Current
The Houston Exploration Company Director Current
Harvest Natural Resources, Inc. Member Current
Cabot Oil & Gas Corporation Chief Financial and Administrative Officer Former
Dynegy, Inc. Chief Financial Officer Former
Dynegy, Inc. Executive Vice President Former
Cabot Oil & Gas Corporation Executive Vice President Former
Dynegy, Inc. Senior Vice President Former
Tenneco, Inc. Former
Southern Methodist University Master's Degree In Business Former
The University of Texas at Austin Bachelor's Degree In Economics Former
The University of Texas Bachelor of Arts degree in Economics Former
NATCO Group Inc. Member Former
The Houston Exploration Company member Former

Mr. Irelan has over 37 years of experience in the oil and gas industry. Mr. Irelan retired from Occidental Petroleum in 2002 where he had served as Executive Vice President of Worldwide Operations since 1998. Prior to Occidental Petroleum, Bob held various positions at Conoco, Inc. during his 28-year tenure, last serving as Regional Manager for their upstream onshore business. Mr. Irelan earned a Professional Engineering degree in Petroleum Engineering with advanced studies in Mineral Economics from the Colorado School of Mines.

Organization Position Status
Harvest Natural Resources, Inc. Board of Directors Current

Array

Organization Position Status
Preng & Associates Board of Directors Current
Harvest Natural Resources, Inc. Board of Directors Current
Tenneco Energy Chief Executive Officer Former
Tenneco, Inc. Chief Executive Officer Former
Pennzoil Limited President Former
Pennzoil Limited Chief Operating Officer Former
Tenneco Oil Company Senior Vice President Former
Harvest Natural Resources, Inc. Group Vice President Former
Harvest Co Former
Ipaa Former
Devon Energy Corporation Former
Tenneco, Inc. Chairman Former
Tenneco Energy Chairman Former
The School Company Former
Colorado School of Mines Former
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