We believe that by taking great care of our team, they can take great care of you and your project.
Enable human flourishing globally.
People driven. Technologically advanced.
Service - Treat others the way we want to be treated
Ethics - Courage to do the right thing
Reliability - Let our yes be yes and our no be no
Value - Deliver exceptional value to our stakeholders
Excellence - Exceed performance expectations
UNLOCK ENERGY with rigor and excellence.
Plentiful | Reliable | Affordable - ENERGY
Jared Blong founded Octane Energy with his wife Lori in 2013, looking to build a Permian-based, Permian-focused, high tech drilling company in response to the energy renaissance in the US Onshore market. Octane was strictly a consulting operation at the time, with experts who helped clients maximize efficiency all the way from exploration to completion. With the surge in oil markets, Octane’s partners planned to expand into drilling, themselves. Then in September 2014 oil prices took a dive. The Blongs quickly became very glad they had not just built or bought some very expensive iron.
Octane decided not to expand into drilling after the significant downturn in oil prices, instead retaining its original business model, helping to shepherd capital and ensuring that drilling and completions are done as efficiently as possible.
Over the last few years, as oil markets have ebbed and flowed, Octane has buckled down and done the work to keep consultants busy and operator partners efficiently forging ahead. But at the core of our success, Octane recognizes God’s hand of guidance, correction and blessing as we have navigated one of the most cyclical industries in the world.
Today, Octane holds fast to the core values with which we began. Treating others how we want to be treated, with integrity and a deep work ethic, Octane leadership is committed to SERVE both clients and consultants, with the under-girding philosophy that happy people deliver great results.
Service - Treat others the way we want to be treated
Ethics - Courage to do the right thing
Reliability - Let our yes be yes and our no be no
Value - Deliver exceptional value to our stakeholders
Excellence - Exceed performance expectations
Beginning in the early 80s, Lori Blong’s father, Mark Merritt, was in the oil business in Midland. He spent his entire career in the Permian, working with an independent oil company, starting at the bottom and working his way up. Mark gave his life to the industry and raised his family through the middle of all of the booms and busts, teaching us that “if you go out there and work hard with integrity to make a hand, there will always be a place for you in the oil business.” Lori cut her teeth on conversations about mud weight and porosity and logging wells and managing people in the Oil Patch.
During the time that the Blongs were preparing to start Octane, in the planning stages before anything truly started, Jared spent hours with Mark talking to him about the integrity with which Mark had conducted himself in the industry and the way that he had been able to shape his organization, his hiring practices and the quick-pay turnaround that was a priority to him. Those same tenets have become benchmarks for Octane, foundational and cornerstone to who we are.
We have now had the opportunity to work with clients who either worked for Mark or with him in some capacity and those relationships that he started fostering in the early 80s have continued for us. Those are relationships that we value and it's part of the reason that we think the Permian Basin needs to be central to where we're working, not just because the Permian Basin has so much activity, obviously, but also because we have generational relationships here and they are important to us.
The Permian Basin is our home. We seek to pour back into the lives of those who have poured into us.
Helping God's people in need build better homes and lives.
To see the world
transformed by Jesus Christ through the influence of coaches and athletes.
To advocate for safe and responsible oil and gas development and to provide education on safety, legislation, regulation, and support services for the industry.
To operate on a standing commitment to reach the brokenhearted, with a specific calling to assist our nation’s military Warriors and families find a new life purpose through a hope in Christ, after enduring hardship through their service to America.
Lori Merritt Blong is one of Octane's founders serves as a Partner. She drives the organization’s values though strategic deal making, financial management and administrative oversight.
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Lori Merritt Blong has been supporting Octane from behind the scenes since long before its inception in 2013, as she was Jared’s primary sounding board and critic in the early development of the company. Lori joined the Octane team in a formal capacity in 2015, coming on board to help manage bookkeeping, vendor payments and consultant relationships, as well as other administrative needs. Today, her primary role is driving the organization’s values though strategic deal making, administrative oversight as well as financial management.
Lori cut her teeth on the oil business in the Permian Basin, having been raised in an engineering manager’s household. As a child of 10 or so, Lori was taking notes on mud weight, porosity and well logs, as well as learning about the finer points of rigs and pumping units at Sunday dinners throughout her childhood. Today, Lori values the opportunity to maintain relationships forged through the booms and busts of two generations.
Mrs. Blong is a graduate of Hardin-Simmons University and holds a BBS in Psychology, as well as post-graduate teacher certification in History and Social Studies. Lori spent her early career in the El Paso Independent School District, as a high school social studies teacher at Coronado High School for 5 years.
Lori currently serves as the first female Mayor of Midland, Texas and is formerly a District 4 Representative on Midland City Council as well as the Mayor Pro Tempore. She also is a founding member of the Midland Quality of Place Conservancy. Lori serves on the Board of Directors the Fasken Foundation and for Midland Habitat for Humanity, carrying on a legacy of service with the organization her late father, Mark Merritt, was deeply passionate about. Mrs. Blong also serves in various capacities within her church and community. Lori resides in Midland with her husband Jared and 3 very active children.
Jared Blong is one of Octane Energy’s founders and serves in operations and champions "people driven" thinking throughout the organization.
FULL BIOLinkedINJason Wacker serves Octane as our VP of Engineering leading the charge for creative problem solving to unleash hydrocarbons as he stewards a variety of assets.
FULL BIOLinkedINMr. Wacker began his energy career in 1997 as an operations engineer for Texaco E&P, Inc. In 2002, Mr. Wacker joined Merit Energy Company where he was eventually promoted to East Rockies Region manager. His experiences while at Merit included overseeing the development of secondary recovery projects and other exploitation programs in the Permian Basin, GOM and onshore LA and MS and conventional and tertiary EOR projects in Wyoming and Colorado.
Mr. Wacker left Merit Energy in 2008 to join BC Operating as their VP of Engineering & Operations. While at BC Operating, he worked closely with Octane to develop, optimize and monetize two separate assets totaling $1.625B in transaction value. At BC, he designed, implemented, and optimized several secondary recovery projects; managed multiple grass roots vertical and horizontal drilling programs throughout the Permian Basin; and was responsible for oil and gas marketing.
In 2021, Jason transitioned to Octane from a client to a teammate as Engineering Manager and, in 2023, joined the leadership team as VP of Engineering. As part of the Octane team of Black Hats, he is responsible for leading operations and engineering teams, biannual reservoir engineering reporting, and the evaluation of new acquisition opportunities.
Mr. Wacker obtained his B.S. in Petroleum Engineering from Texas Tech University and is a registered professional engineer in the great State of Texas.
Diana Monaghan serves as Octane's Controller and leads the way for its accounting and administrative teams.
FULL BIOLinkedINDeane Durham continues to serve Octane as a Vice President (Emeritus) with hands-on support of our field operations, helping instill our company-wide values to SERVE.
FULL BIOLinkedINDeane Durham, joined the Octane team
before there was an Octane as a client on the E & P side of the drilling industry. Mr. Durham and Mr. Blong met on location weekly to discuss how the
efficiency of the project might be improved. The two quickly discovered that they shared many beliefs about the core values one needs in this business and life.
Deane joined the Octane team in 2017 as a Drilling Wellsite Leader, Lead Operations Engineer, and now serves as Octane's Vice President of Operations. His primary role is overseeing all drilling engineering duties for managed projects as well as in-house drilling support at individual client requests. Deane is also responsible for hands-on field support of our field operations, helping instill our company-wide values to SERVE. Deane strives to practice the 14 traits of leadership daily and believes foremost
that the key trait of integrity must be understood and held irrefutable before any other. Deane is a professional with leadership experience and technical
expertise from classroom to wellhead.
Deane is an American patriot and proud native Texas veteran. Prior to joining Octane he served 10 years in the United States Army and Texas State Guard attaining the rank of First Sergeant. His duties included Rifleman, Communications Specialist, Forward Observer, FSCOORD Team Leader, Base Gun Chief, Squad Leader and Company First Sergeant. He is Airborne, Ranger and Jungle Operations qualified. Deane continues to support his fellow service men and women by contributing his finances and time to Gallant Few (revolutionary veteran support network).
Deane began his energy career in the early 70s as a high school roustabout and began his engineering profession in
1987. His professional titles include Field Production Engineer, MWD Engineer, Lead Directional Driller, Directional Drilling Coordinator, Area Drilling and
Completions Engineer, Sr. Drilling Engineer, Operations Manager, Wellsite Leader - Drilling and Operations Engineer. He believes that we all as
professionals in this industry need “Safety Leader” as our Co-Title.
Deane earned a BS Petroleum Engineering from The University of Texas at Austin. He is an active member of several professional organizations which include the American Association of Drilling Engineers (AADE), Midland Chapter; Society of Petroleum Engineers (SPE); State Guard Association of the United States; Non Commissioned Officers Association; US Army Ranger Association (USARA) and a Lifetime Member of the NRA. Deane and his wife Vicki, were born, live and have raised two daughters in west Texas. His goal is to help the next generation of energy professionals in the Permian Basin and beyond to lead with integrity and an unquenchable fire.
