Ontario Gas Play

In December 2007 I put together a bidding group to bid on 21,000 acres of oil and gas leases located in southern Ontario, Canada.  The leases were only a few miles north of  Lake Erie.  The play was natural gas as Toronto was paying a premium for all the gas they could get to supply their needs.  There were only a few bidders that came to the auction.  The bidding process started off fairly with everyone throwing in a bid but as it moved up was narrowed down to only two bidders – my group and one other. 

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Ivan Webb
New Zealand - My First International Trip

I had just graduated from High School in May 1969 and was making my final plans for my first international trip to New Zealand and Australia.  Throughout my High School years I worked for the Kamon Family in Cisco and was very familiar with Mr. Kamon’s ability to locate prospective areas in Australia for exploration for oil and gas.  My boss & mentor, Robert Kamon, had joined a group of businessmen to take a company public in Australia as the energy market was very strong at that time for new offerings.

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Ivan Webb
Cobra Drilling

In 2007 crude oil prices were $90 to over $100 per barrel.  Getting a drilling rig in a timely manner was next to impossible.  In the Abilene, Texas area most drilling companies had a long wait list.  My partner and I had promoted a drilling prospect in Runnels County.  The projected total depth was to be about 4,700’.  We had the money raised but no drilling rigs were available for more than six months.  We found a double pole rotary drive drilling rig for sale and negotiated terms to buy it.  We drilled our first well to 4,703 feet…

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Ivan Webb
The Move to East Texas

I lost my first wife, Elizabeth Blanchard Webb, to breast cancer in April 2001.  We were almost married 27 years.  She was a very talented woman being especially noted for her singing and teaching children with learning challenges.    We raised two children, a daughter Treva and a son Bode.  Both of them now have their own families of which I am very proud.

In February 2004 I married Nona Jackson and moved to Quitman a small town in East Texas, north of Tyler about 40 miles.  Living in Quitman proved to be quiet different than living in Cisco.  First no one knew me as everyone knew me in….

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Ivan Webb
Australia - My First Oil Trip

I arrived in Melbourne, Australia from Wellington, New Zealand in mid June 1969 after spending two weeks identifying what oil and gas exploration areas were available.

Melbourne is on the coast of the state of Victoria the most southern state of mainland Australia.  Interesting noteworthy information about Australia is 1) its about the same size as continental United States, 2) in 1969 there were less than 13,000,000 people residing there, 3) the first commercial oil production was discovered in 1963…

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Ivan Webb
My Home Town – Cisco, Texas

Cisco, Texas was a typical central Texas town where the streets were packed every Saturday during the 1950’s and 60’s with the whole family shopping to take care of their needs for the next week or so.  I remember our little town of less than 4,000 people had three jewelry stores and each one had a watch repairman.  We had a movie theater, JC Penny’s store and a Sears service center for ordering catalog items as well as service for appliances.  Of particular interest was our little town had more than 20 churches.

The main drag was Hwy 80 that ran right through town.  There were 7 gas station along that small stretch of Highway and were usually fairly competitive in their pricing.  I remember purchasing gasoline at 18 cents per gallon in 1968 during one of those gasoline wars.

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Ivan Webb