openPR Logo
Press release

White Marlin E&P, LLC Announces the Launch of Business Operations

02-12-2010 10:43 AM CET | Energy & Environment

Press release from: White Mariln E&P

/ PR Agency: Advertas, LLC
Houston, Texas – 10 February 2010 – White Marlin E&P, LLC, an upstream oil and gas production company, announced today the launch of business operations and the opening of offices in Houston, Texas. Founded by four principal investors with extensive oil and gas experience, the new company is led by Terrell J. (Terry) Clark, President and CEO, and Jack C. Faubion, Chief Financial Officer. The management team is actively communicating with domestic and international investment groups, as well as E&P companies and the major A&D firms in Houston to secure oil & gas properties that fit White Marlin’s investment profile.

“There are excellent opportunities offshore in the Gulf of Mexico and onshore in the continental U.S to exploit proven, but underdeveloped reserves that larger operators have designated as non-strategic to their companies”, says Terry Clark. “Many of these properties have existing underutilized infrastructure that we can use to leverage development opportunities. The State waters of Texas and Louisiana are great examples of areas that have fallen out of favor. We are working to build a balanced, tiered portfolio of offshore and onshore production and leasehold positions valued between $100 million and $200 million, which we expect to have in place this year. Our Principals possess a successful track record in all areas of oil and gas operations and have developed fields worldwide. We will leverage our collective experience and knowledge to carefully identify and develop hydrocarbon assets with a blend of high/low R/P ratios that can provide our investment partners a very solid return. Risk will be carefully managed by developing only well-maintained properties subject to profitable exploitation. In addition to conventional hydrocarbons, significant opportunities also exist in the production of non-conventional gases, which we intend to diligently pursue with our Mid-Continent strategy.”

White Marlin E&P will focus on optimizing production efficiency while emphasizing safe, environmentally sound operations, an operating strategy that the company’s management believes will provide investment stability at lower risk. The new company also plans regional operating centers to be strategically located near producing assets to minimize cost and simplify logistics, avoiding remote operations that might inflate operating expenses.

Mr. Clark began his professional engineering career with Amoco Production Company in the summer of 1980 working the oilfields of central and southern Wyoming. Over the next 17 years he developed expertise in oil and gas field exploitation and development while managing reservoir and production engineering programs domestically and internationally. In 1997 Terry joined Reading & Bates Development Company as the Director of Reservoir Engineering, and jointly built a start-up oil and gas subsidiary into a $315 million business in just four years. Leveraging his knowledge of the Gulf of Mexico shelf and deepwater exploration, drilling, and reservoir production, Mr. Clark oversaw the formation of two start-up consulting companies that specialized in Gulf of Mexico and international exploration and development. By 2007, he had profitably sold his interests in both companies and helped launch Black Elk Energy, LLC, an independent oil and gas producer, where he held the position of Chief Technology Officer and Executive Vice President until 2009. Mr. Clark holds a Bachelor of Science in Mechanical Engineering from the University of Colorado, is a registered professional engineer in Colorado, and a 28 year member of the Society of Petroleum Engineers.

Jack Faubion began his professional career in the Houston office of Arthur Andersen & Co. where he specialized in the annual audits of publicly held energy companies, including those with extensive offshore oil and gas operations. This experience was followed by 30 years as the Chief Financial Officer of a privately held energy company in Houston, trading natural gas liquids and producing oil and gas. Mr. Faubion has managed accounting, financial reporting, risk management, internal controls, back office functions, employee benefits and financing arrangements with both money center and regional banks. Obtaining his CPA certificate in 1973, Mr. Faubion is also a member of the American Society of CPAs, and is active in a variety of community organizations. Mr. Faubion is a 1972 graduate of Rice University, Houston, Texas (BS Accounting).

About White Marlin E&P, LLC

White Marlin E&P, LLC (www.whitemarlinep.com) is an upstream oil and gas production company owned and managed by four principal investors, each possessing over 30 years of experience in international oil and gas exploration, production, and management. The company is aggressively pursuing oil and gas assets, targeting energy properties that fit a balanced blend of operating and investment profiles. White Marlin E&P focuses on production efficiency with safe, environmentally sound operations.

Leslie Hoffman
Advertas, LLC
1710 S. Dairy Ashford, Ste. 110
281.496.2300

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release White Marlin E&P, LLC Announces the Launch of Business Operations here

News-ID: 120581 • Views: 1475

More Releases for Houston

Houston Party Time Rentals - providing bounce houses in Houston
Houston Party Time Rentals are providing bounce houses and party entertainment in Houston, Cypress, Sugar Land and surrounding areas. The company has been involved in inflatable rentals for many years and is ready to provide fun and entertainment to the people of Texas during 2021. With the last year seeing party rental companies struggle, Houston Party Time Rentals is eager to hit the ground running next year, and has reinvested in its
Hurricane Grill & Wings Announces Houston Development
Award-Winning Wing Restaurant To Add Five New Restaurants In Texas WEST PALM BEACH, FL (OCTOBER 30, 2012) – Hurricane Grill & Wings is excited to announce a new development agreement, adding five new restaurants to the Houston area. Currently, the island-inspired restaurant has over 48 locations in eight different states. Hurricane Grill & Wings has one other Texas location in San Antonio that has achieved enormous success since its opening in
Franchisees open second ColorTyme in Houston
HOUSTON – Aug. 15, 2011 – Just three months after opening their first rent-to-own store, owners Mike Do and David Rogers have added another ColorTyme to the Houston area. The new location will offer rent-to-own appliances, electronics and furniture to residents in the city’s southwest region. “We are thrilled to open another ColorTyme in Houston. After the successful opening of our store on 1808 Wirt Road, we wanted to extend the
Houston Company Supplies Bucket Trucks Nationwide
Houston, TX March, 2011. Bucket trucks are useful in many projects, including mechanical contracting, work with electric utilities, sign campaigns, lighting maintenance, tree trimming, and other high load services. These heavy duty vehicles allow for high lift bucket applications, as well as short reach applications. Atlast Truck Sales, Inc. is drawing attention because of their ability to provide Bucket trucks, and other work vehicles, to contractors all
Houston has Trusted Source for Digger Trucks
Houston, TX February, 2011. Atlas Truck Sales, Inc., has been a local favorite since its opening over 20 years ago, in 1989. The business is family owned and operated, with Tommy Corbin currently acting as operations manager. Corbin takes a lot of pride in running this business, personally handling each transaction from start to finish in the hopes of creating a repeat customer. This personal
Rubin Joins Gardere As Houston Corporate Partner
HOUSTON – Gardere Wynne Sewell LLP announced today that Steven D. Rubin has joined the firm as a partner in the Houston office. Mr. Rubin, who joins the Corporate Practice Group, represents private equity clients, handling mergers and acquisitions and securities transactions. His clients include those in the energy, healthcare, telecom and financial services industries. He also has extensive experience in cross-border transactions, particularly for Mexican issuers. Mr. Rubin joins Gardere