Thomas L. Powell,
IV serves as President,
CEO and Board Manager of CP Exploration II, LLC with offices in North Dallas,
Houston, and Lafayette. Mr. Powell is responsible for providing strategic
leadership for the company by working with his Board of Directors, Investment
Committee, and Executive Management Team to establish short and long-term
goals, strategies, and plans. Resident of Fort Worth, Texas. Business owner and oil and gas investor for 32 years.
FAA Certified Private Pilot. From 1996 to 2008 he served as President and CEO
of Thomas Development Corporation - Oil and Gas Acquisitions, with offices in
Fort Worth, Lafayette, Scranton, and Pittsburgh. The geographical coverage of
Thomas Development Corporation gives Tom significant insight and connectivity
into various communities throughout the United States. Founder, President and
CEO of CP Exploration, LLC and CP Energy, Inc. Member Texas Oil and Gas
Association, Adam Energy Forum in Dallas, Adam-Houston Energy Network,
Independent Petroleum Association of America, Louisiana Oil and Gas
Association, American Association of Professional Landmen (AAPL), and Aircraft
Owners and Pilots Association (AOPA).
Prior to CP
Exploration II, LLC Tom personally acquired 26,000 net acres (2007) in the
North Dakota Williston Basin - Bakken and Three Forks oil play.
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 to WPX Energy
for an undisclosed confidential price (CA). Founded CP Exploration to establish
a sustainable company and to identify and acquire oil and gas assets to
drill/develop reserves and build value. Personally established and
operates a 20,000 acre (64 well) Jack County, Texas Marble Falls and Caddo
prospect as a low-risk and low cost of entry platform upon which to build
production, cash flow and reserve growth. Personally established a 33,000
acre position with 87.5% nets/ten year term leases in East Texas.
Personally owns various other assets in Gonzales County south Texas targeting
the liquids-rich portions of the Eagle Ford Shale and the Permian Basin
consisting of both working interest and royalty interest in 14 horizontal wells
with EOG and Marathon. Investor
in various corporations and assets located in Florida, Texas and Louisiana.
Prior to CP
Exploration, Tom was recognized by AAPL as one of the first companies to
exclusively employ AAPL members; and therefore bound by their Code of Ethics
and Standards of Practice. In the past, Mr. Powell provided professional
acquisition services under Master Service Agreements to Anadarko Petroleum
Corporation, Devon Energy, Marathon Oil Company, Palmer Petroleum,
Schlumberger, Southern Bay Energy (GeoResources Inc.), Williams Inc., WPX
Energy, and various other exploration companies. He has employed over 678
professionals throughout 17 states and has been directly involved in acquiring
over 849,000 acres, 21,200 tracts of land and has assisted with the drilling of
over 857 oil and gas wells and deals totaling $8.9 billion.
1987...Tom enjoys flying his airplanes, architecture, blue-water fishing, bird
hunting, investing, serving on multiple company boards, and creating value. CP
Exploration (CPX) was named after and by his three children.