Energy Executive Joins Saxet Petroleum, Group Announces Joint Argentina Venture
at Company He Founded to Serve in Advisory Capacity with Saxet Petroleum
HOUSTON, Nov. 14 /PRNewswire/ -- Mr. Brian E. 0'Brien has announced that effective January 1, 1998, he is stepping down as president and Chief Operating Officer of Sanchez-O'Brien Oil and Gas Corporation of Houston and Laredo.
Sanchez-O'Brien Oil and Gas Corporation was formed by A. R. Sanchez, Jr., the late A. R. Sanchez, Sr., and O'Brien in 1973. Since inception, O'Brien has overseen the company's participation in the drilling of more than 700 wells and the discovery of one trillion cubic feet of natural gas and 17 million barrels of oil. Active in the energy industry for 37 years, O'Brien has successfully explored for oil and gas in the Gulf Coast, Mid-Continent, Rocky Mountain, and Pacific regions of the United States.
O'Brien will continue his oil and gas exploration activities and will join Saxet Petroleum, Inc., a company he co-founded with Robert E. O'Brien in 1992, in an advisory capacity.
This announcement was made in conjunction with a press release by Domain Energy Corporation (NYSE: DXD) that O'Brien, John R. Blocker, and Saxet Petroleum, Inc., will hold a 50 percent interest in Domain Argentina, S.A. This new Latin American entity will explore for and acquire oil and gas reserves in Argentina. Headquarters for the company will be located in Buenos Aires, Argentina.
Saxet Petroleum, Inc. is a Houston based independent oil and gas exploration company with principal interests in South Texas.
Saxet's offices are located at: 5847 San Felipe, Suite 2050, Houston, TX 77057, 713-783-4883.
SOURCE Domain Energy Corporation
/CONTACT: Robert E. O'Brien of Saxet Petroleum, Inc., 713-783-4883/
/Company News On-Call: http://www.prnewswire.com or fax, 800-758-5804, ext. 122263/
/Web site: http://www.domainenergy.com/
CO: Domain Energy Corporation; Saxet Petroleum, Inc.; Domain Argentina, S.A. ST: Texas IN: OIL SU: PER
JS-MS -- DAF012 -- 4292 11/14/97 10:09 EST http://www.prnewswire.com