Thomas L. Powell, IV serves as President and CEO of CP Exploration (CPX) with offices in North Dallas and Houston. From 1996 to 2008 he served as President of Thomas Development Corporation - Oil and Gas Acquisitions, with offices in Fort Worth, Lafayette, Scranton, and Pittsburgh. Member Texas Oil and Gas Association, Adam Energy Forum in Dallas, Adam-Houston Energy Network, Independent Petroleum Association of America, and Louisiana Oil and Gas Association.

Prior to CP Exploration III, Tom negotiated a farm-out and joint development agreement with ConocoPhillips and within just 2 years established a minimum of 146 horizontal drilling locations and an asset with a reserve value exceeding $1 billion. May 15, 2017 CP Exploration II, LLC sold certain assets to Resolute Energy (REN) for $160 million. Acquired 26,000 net acres (2007) in the North Dakota Williston Basin. Developed, participated, then sold production in 147 horizontal wells and leasehold to Linn Energy (LINE), Tracker Energy, Occidental Petroleum Corporation (OXY) and Black Ridge (OTCQB: ANFC) for an aggregate $162 million in exit proceeds. Sold 14,000 acres in the Permian Basin for an undisclosed confidential price (CA). Established a 33,000 acre position in East Texas, then sold for an undisclosed confidential price. Owns various assets in Texas targeting the liquids-rich portions of the Eagle Ford Shale and the Permian Basin consisting of both working interest and royalty interest with EOG and Marathon.

Tom has been directly involved in acquiring over 850,000 acres, 21,000 tracts of land and has assisted with the drilling of over 850 oil and gas wells and deals totaling $9.0 billion. Married since 1987...Tom enjoys flying his airplanes, architecture, and serving on multiple company boards.



   

 

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