SOG Resources was formed to acquire, develop, and operate oil and gas assets in the United States. SOG Resources focuses its acquisition efforts on producing assets and independent E&P companies in the $1MM to $50MM range that contain upside potential from development drilling, recompletions, improved operations, or other recovery methods. SOG Resources pursues acquisitions of oil and gas properties that present unique opportunities to enhance value through the application of innovative technological processes. In addition, SOG Resources grows its asset base through the acquisition of leases and seismic data in its core operating areas for exploration and development drilling.
SOG Resources concentrates its search for properties in North America where it has the technical expertise to optimize the engineering and geologic aspects of the projects. To ensure successful management of its invested capital, SOG Resources prefers to operate all acquired and drilled assets which allows the company to initiate, operate and directly control programs dedicated to increasing the assets’ production and cash flows. This strategy allows SOG Resources to maintain an efficient and low-cost operating structure.
Duane H. King received his B.S. with honors in Petroleum Engineering from the University of Texas in 1984. In 1988, he received an MBA from the University of Texas where he was a Sord Scholar. From 1984 to 1986, Mr. King was a Production Engineer for Mitchell Energy & Development Corp. in Midland, Texas. His responsibilities with Mitchell included the design, arrangement and performance of completions and workovers. From 1989 to May 1991, he served as an Associate with the Chase Manhattan Bank in the Energy Division in Houston and New York, specializing in energy corporate finance. In 1993, Mr. King co-founded Synergy Oil & Gas, Inc. In 2001, Mr. King sold Synergy Oil and Gas, Inc. In 2002, Mr. King co-founded Synergy Oil & Gas, L.P. In 2010, Synergy sold its assets, retaining interest in several exploration and midstream projects. In 2010, Mr. King co-founded Synergy Offshore LLC, dba SOG Resources which has operations in Montana and Wyoming. Mr. King is involved in numerous advisory and charity organizations and is currently on the Engineering Advisory Board and the Chancellor’s Council Executive Committee at The University of Texas. Mr. King is the President of the Board of Yellowstone Academy, a school serving intercity youth he helped establish. He has served on the Boards of Presbyterian School, Houston Habitat for Humanity, Houston Producers Forum, Episcopal High School and other organizations.
Lee Hightower began his professional career with Unocal in 1984, holding various operations, exploration and planning positions during his 12-year tenure. In 1991 he published one of the first papers on applying portfolio optimization in the oil and gas industry. He was Portfolio Coordinator for the World-Wide Oil and Gas Division when he left in 1995 to found Economic Analysis Systems (EAS), a software and consulting company specializing in improving oil companies’ portfolio and risk analysis capabilities. EAS’ client list included many of the major and large independent oil companies. The company was acquired by Halliburton in 1999. In 2000, Mr. Hightower founded Vision Support Systems (VSS), which provides Enterprise Portfolio and Risk Management solutions for the energy industry. At VSS he developed an economic capital framework incorporating dynamic stochastic modeling methods to provide a comprehensive and insightful solution to help energy firms improve their financial decision-making. The Committee of Chief Risk Officers, an organization of 40 leading energy firms, incorporated this unique methodology in a recent publication, endorsing it as the state-of-the-art solution for active risk management. He implemented this methodology in many prominent energy firms such as El Paso, Mirant Energy, Centrica, Devon and Constellation Energy. Mr. Hightower received a B.S. in Chemical Engineering (1982) and a M.B.A from Vanderbilt University (1984) and a M.S. in Petroleum Engineering (1989) from the University of Houston. He received his Professional Engineering registration in 1989.
Mr. Gayle received a BS in Natural Gas Engineering from Texas A&I University in 1986. Mr. Gayle has over twenty seven years experience in the oil and gas business. His past employers include Samedan, Fina Oil & Chemical, Synergy Oil & Gas, Penn Virginia Oil & Gas Corporation and most recently, Sierra Resources, LLC. Mr. Gayle has worked primarily in the Texas Gulf Coast, South and East Texas areas.
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