Thomas Ratliff, co-owner and geophysicist at DDD Exploration, (pronounced 3-D Exploration) joins The Crude Life Content News Correspondent Ken Lavin at NAPE 2022. Ratliff and Lavin begin the interview talking about conventional methods in oil and gas.
“We built our company around 3D seismic, and we’ve always liked to use 3D seismic for our prospects and to find our prospects,” Ratliff said. “We’re still all conventional. We still drill conventional wells. And we still use conventional methods to find our oil and gas.:”
Ratliff transitions into their 2022 plans and how they plan to tackle the projects on the books, while examining the market to layer some more projects into the fold.
They two also talk about the growth and how 3D Exploration has some good things in the pipeline.
“We got some good production coming in, and the high prices really helps out,” Ratliff said. “We have a pretty good drilling program going.”
DDD Exploration was created in 1991 to explore for oil and gas using 3-D seismic data. Their services include acquisition, processing and interpretation of 3-D seismic data. DDD Exploration explores for and develops oil and gas reserves in the Hardeman and Dalhart Basins. DDD Exploration shot the first 3-D seismic surveys in Hardeman County, TX (1991), Jackson County, OK (1992) and Chaves County, NM (1992).
Thomas and Franklin Ratliff cofounded DDD Exploration in 1991. Thomas was working as a production geophysicist for Mobil E&P and Franklin was working as an attorney for a law firm in Lubbock, TX before quitting their jobs to form the company.
DDD Exploration was initially based in Midland, TX before moving the company to Lubbock, TX in 1992 and finally to Amarillo, TX in 1995 where it is presently headquartered.
DDD Exploration has shot hundreds of square miles of 3-D seismic and has discovered millions of barrels of oil. DDD Exploration discovered and drilled the largest well ever found in Jackson County, OK (the Ratliff operated Hankins #1 has flowed over 945 MBO to date). DDD Exploration is presently the largest oil producer in Hartley County TX, the 2’nd largest oil producer in the Dalhart Basin and the 30th largest oil producer in the Texas Panhandle.
NAPE is the energy industry’s marketplace for the buying, selling and trading of prospects and producing properties. NAPE brings together all industry disciplines; draws in decision-makers; focuses its participation on prospect generators; and hosts companies of all sizes, from small independents to majors. With the addition of renewable energy sources to their oil and gas offerings, NAPE is the ultimate venue for energy deals.
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