Texas American Resources Appoints Bryant Williams As Vice President of Engineering
AUSTIN, Texas, June 13 /PRNewswire/ — Texas American Resources Company (the “Company”) announced today that it has appointed Bryant Williams, who has served as Manager of Engineering and Acquisitions, as its Vice President of Engineering.
Mr. Williams, who joined the Company in May 2006, held prior engineering positions with Exxon Mobil and XTO Energy, and has played a significant role in the Company’s success. In his new position, Mr. Williams will oversee the Company’s reserve bookings and acquisitions and divestitures.
Mr. Williams holds a B.S. in Petroleum Engineering from Texas Tech University and a MBA from Texas Christian University. He is an active member of the Society of Petroleum Engineers and the Independent Producer’s Association of America.
ABOUT TEXAS AMERICAN RESOURCES COMPANY
Texas American Resources Company (“TARC”) is a privately-held, independent energy company headquartered in Austin, Texas. Since its founding in 1990, TARC has focused on the acquisition and exploitation of proved or near proved properties in the Mid-Continent, Gulf Coast, and Rocky Mountain regions of the United States.
TARC operates approximately 400 wells in Texas, Wyoming and Colorado. The Company’s total proved net reserve base of approximately 32 MMBOE is 30% developed and 43% oil. The company-wide total net production of approximately 3,400 equivalent barrels of oil per day is 45% oil.
An affiliated entity, Texas American Resources – Asia, Inc. (“TARA”), conducts upstream activities in China. Headquartered in Beijing, TARA’s principal assets consist of two blocks in the Pearl River Area of the South China Sea, making TARA the first privately-held company to have assets in the South China Sea. In total, TARA’s offshore blocks encompass approximately 4.5 million acres.
LEGAL DISCLOSURE: Certain statements in this news release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, particularly any express or implied statements concerning future financial condition or operating results. Although Management believes that the expectations reflected herein are reasonable, the matters discussed in this release involve risks, uncertainties, and other factors that may delay, prevent or adversely affect the transaction or the Company’s planned activities and operations. There can be no assurance that such expectations will prove correct. All forward-looking statements are expressly qualified by this cautionary statement.
Texas American Resources Company
CONTACT: Mike Wichterich, Chief Financial Officer of Texas AmericanResources Company, +1-512-480-8700
Web site: http://www.texasarc.com/