MOGA Spotlight: Apollo Exploration and DevelopmentBuilt on Experience, Positioned for What's Nextby Amanda Hattis Managing Editor, Michigan Oil & Gas News
That variety of experience has become one of Apollo’s strengths. Everyone in the office and field brings a different professional history, personality and perspective to the business. Those differences can make for plenty of discussion when difficult decisions arise, but Ernest Peters said the team takes pride in considering the possibilities carefully before deciding how to move forward—even if, occasionally, “a referee with a whistle could give benefit to the process.” The result is a company whose leaders continue to learn from one another and from the business itself. “Operations have been a fascinating study,” Peters said, noting that even the seemingly simplest aspects of the industry continue to offer lessons. Building on Michigan RootsToday, Apollo is a conventional oil and gas operating company utilizing third-party field contractors across multiple areas of Michigan. The company focuses on Niagaran, Dundee, Richfield and A1 production. Although oil has historically been Apollo’s primary focus, its portfolio has expanded over time to include natural gas liquids, condensate and natural gas production. Apollo currently operates in 13 Michigan counties, expanding its footprint gradually and at a pace its leadership believes is sustainable given changing commodity prices, regulatory requirements and economic conditions. That measured approach is coupled with an emphasis on relationships—particularly with the landowners and mineral owners connected to Apollo’s operations.
Apollo’s leadership personally handles calls and meetings with landowners and mineral owners, even when doing so may not be the most efficient use of time. The goal, Peters said, is to make sure people know the company is committed to doing the right thing. An Industry Worth Appreciating
After years spent working in oil and gas, Ernest Peters still finds the basic premise of the industry remarkable. Oil and natural gas are woven into modern life through products ranging from fuels and lubricants to plastics and pharmaceuticals. But Peters said Apollo’s team has often discussed how extraordinary the process itself is when viewed from a broader perspective: companies are producing naturally occurring resources from within the earth and using them to support and advance modern civilization. The concept, he said, can seem “almost sci-fi movie like.” That appreciation for the fundamentals of the industry has not kept Apollo from embracing change. In fact, adapting to it is becoming increasingly important.
And Apollo is not finished growing.
The company continues to look for acquisition opportunities within or adjacent to the areas where it already operates. At the same time, Peters said Apollo remains willing to explore new concepts and collaborate with its oil and gas peers when opportunities arise. That openness to new ideas is balanced by more than four decades of company history and the collective experience of the people behind it. From its beginnings in Michigan’s deep gas play to a portfolio now spanning 13 counties, Apollo has changed considerably since 1982. Yet its approach remains grounded in many of the same things that helped its current leadership build the business: relationships, careful decision-making, an appreciation for those who helped along the way and a willingness to keep learning. For Apollo Exploration & Development, the horizon is less about predicting exactly what comes next and more about being ready to adapt when it arrives.
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