Paredes Energy Corporation is a private company incorporated in Alberta, Canada in July 2016 by Richard A. Walls (RAW Energy Ltd.).
Richard A. Walls has founded and built more than half a dozen successful energy companies, establishing a strong track record of value creation. He is directly responsible for numerous significant oil and gas discoveries and developments in Western Canada, the U.S Gulf Coast and in Colombia, South America.
During the past 40 years he has been involved in all aspects of exploration, development production and business development in both the upstream and midstream O&G industry, as well as various other related business ventures. The executive team he has assembled at Paredes has over 200 years of combined experience to draw on in the oil and gas industry.
Approach & Strategy
Acquire and consolidate undervalued/under-recognized oil and gas assets during the current distressed price cycle and fractured business environment. Targeting assets and/or corporate acquisitions as well as farm-in opportunities, primarily in Western Canada or select areas in the United States.
Expertise & Proficiencies
Enhance operations by focusing on production optimizations and operating cost efficiencies. Draw from extensive subsurface technical experience to extract value and enhance the value of the assets. Continually seek out ways to improve processes and streamline operations working towards the goal of achieving sustainable development. Gather and develop a highly talented and cohesive team of skilled individuals across all facets of oil and gas business areas.