Maverick Energy Group, LTD Welcomes Jacob Lacewell as Consulting Petroleum Engineer: 5/26/21

Rhea-AI Summary

Maverick Energy Group, Ltd. (OTC PINK:MKGP) announced the hiring of Jacob Lacewell as Consulting Petroleum Engineer. Lacewell, owner of Trenergy Development, LLC, brings 23 years of experience in petroleum production and drilling operations. His expertise includes significant projects in key Texas oil fields and the Gulf of Mexico. Lacewell aims to lead Maverick's upcoming drilling ventures. Maverick Energy focuses on crude oil and natural gas acquisition and production across North America, utilizing proprietary technologies to enhance production rates.

Positive

• Jacob Lacewell joins as Consulting Petroleum Engineer, enhancing expertise.
• Lacewell has extensive experience in petroleum production and drilling.
• Maverick Energy's focus on advanced production technologies.

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• None.

ST AUGUSTINE, FL / ACCESSWIRE / May 26, 2021 / James McCabe, President and CEO of Maverick Energy Group, Ltd. (OTC PINK:MKGP) ("Maverick") announced today Jacob Lacewell has joined the company as Consulting Petroleum Engineer. Mr. Lacewell is the sole owner of Trenergy Development, LLC, a successful Texas company focused on oil and gas development, and his experience includes 23 years supervising petroleum production, completion, drilling, and field operations. He will provide leadership in Maverick's upcoming drilling prospects.

Trenergy Development, LLC has consulted on Texas projects in the Canyon Sands, Barnett Shale, Woodford Shale, Permian Basin, and Gulf Coast plays since 2003. His company's most recent consulting projects have included exploring, leasing, drilling, and valuing properties in Borden, Clay, Culberson, Coke, Eastland, Garza, Reagan, Sterling, Upton, Winkler County in Texas, as well as Permian Core/Deep Delaware Basin PUDs & Re-entries.

Mr. Lacewell has directed hands-on experience with drilling vertical and horizontal projects in the Gulf of Mexico with ARCO=Vastar/Conoco, and Texas's Austin Chalk, Pinnacle Reefs, North Louisiana, and Indian Basin with Marathon Oil Company. Additionally, he supervised vertical drilling in the Wolfcamp, Devonian, and Barnett Shale and supervised horizontal drilling engineering in Caledonia Gas Storage Development for Pacesetter Energy Inc.

"As I am currently evaluating a number of opportunities for Maverick, I am looking forward to pushing things ahead on the best projects for Maverick Energy Group, Ltd, and excited about the opportunity and the group," Mr. Lacewell stated.

Mr. Lacewell holds a Master of Science in Petroleum Engineering degree from Texas A & M University.

About Maverick Energy Group
Maverick Energy Group LTD is a crude oil and natural gas acquisition, production, exploration, and horizontal drilling development company focusing on select areas of North America. Maverick's access to patented and proprietary horizontal production enhancement technologies facilitates the rapid accumulation of valuable oil and gas assets, while at the same time greatly improving the rate of production and lifetime potential of these properties.

Company Website: www.maverickeg.com

Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.

CONTACT:
Maverick Energy Group, Ltd.
investors@maverickeg.com

SOURCE: Maverick Energy Group, Ltd.

View source version on accesswire.com:
https://www.accesswire.com/649341/Maverick-Energy-Group-LTD-Welcomes-Jacob-Lacewell-as-Consulting-Petroleum-Engineer-52621

FAQ

Who is Jacob Lacewell in relation to Maverick Energy Group?

Jacob Lacewell has joined Maverick Energy Group as Consulting Petroleum Engineer, bringing 23 years of experience in the oil and gas sector.

What is Maverick Energy Group's focus in the oil and gas industry?

Maverick Energy Group focuses on crude oil and natural gas acquisition, production, exploration, and horizontal drilling development in North America.

What is the ticker symbol for Maverick Energy Group?

The ticker symbol for Maverick Energy Group is MKGP.

What experience does Jacob Lacewell bring to Maverick Energy Group?

Jacob Lacewell has extensive experience supervising petroleum production, drilling operations, and field management across various Texas oil fields and the Gulf of Mexico.

How does Maverick Energy Group utilize technology in its operations?

Maverick Energy utilizes patented and proprietary horizontal production enhancement technologies to improve production rates and asset accumulation.