LBBJ: Focus on Signal Hill

 Pictured from left: Richie Diaz, rig hand; Pat Hurley, drilling coordinator; Steve Clavijo, rig hand; and David Slater, Executive VP and COO. (Photograph by the Business Journal’s Brandon Richardson)

The Long Beach Business Journal recently published their annual Focus on Signal Hill. David Slater, Executive VP and COO for SHP was interviewed about the current status of the oil industry and how business has been in Signal Hill over the last year.

“Our oil and gas business has been very robust this year. When we have strong cash flow, we reinvest in the infrastructure for our business,” Slater said. “We’ve been busy primarily upgrading and replacing our surface facility equipment like pipelines and tanks. We are working to bring one of our two drilling rigs out of mothballs and we anticipate drilling some new wells in the fourth quarter.” At this time, Slater said the company has plans to drill two or three wells this year.”

To read the entire article click on the link below.

Higher Oil Prices Means More Investment And Drilling Coming To Signal Hill