HEYCO adds value to international projects by providing strategy, technical expertise, regulatory advice, and a network of expert contacts formed over many decades as a successful independent operator in the Permian Basin, one of the most prolific plays in the United States.
Various subsidiaries of HEYCO Energy Group have been involved in international exploration for more than 20 years, having operated exploration projects in England, Spain, and Morocco. The company currently holds non-operated interests in England, Spain, and France.
Petrichor Euskadi: Petrichor Euskadi holds a working interest in exploration permits in northern Spain with unconventional gas potential. The operator is Sociedad de Hidrocarburos de Euskadi (the Basque National Oil Company).
Egdon Resources: HEYCO is the largest shareholder in Egdon Resources plc. Egdon has a number of onshore licenses in the UK and France, with active exploration, appraisal, and development projects. HEYCO was part of the group that discovered the Avington field in southern England in 2007, whose position was converted into an interest in Egdon in 2009.
Petrichor UK: Through Petrichor UK Ltd, HEYCO was granted non-operated working interest in the onshore UK East Midlands Basin as a result of the 14th onshore bidding round. The permits granted represent 27,200 net acres in the highly prospective Bowland Shale play and also have potential in conventional reservoirs.