Posted on Thursday, March 28th, 2019 at 5:53 pm
AUSTIN, TEXAS – March 27, 2019 – Texas American Resources Company (TARC) announced today that Ben M. Ellis has been appointed as Chief Financial Officer. In his new role, Ellis will oversee all finance, fundraising, midstream business development, and be a key leader in the company’s acquisition strategies going forward.
“We are excited about the proven experience and financial know-how Ben brings to our organization,” said David Honeycutt, TARC President and Chief Executive Officer. “As a results-driven leader with demonstrated success sourcing and executing opportunities that bring value and bolt-on growth potential, Ben has a tangible background of helping run businesses and working within leadership teams to transact and grow in a fast-paced, entrepreneurial environment. I am confident that as TARC evolves, Ben’s impact will be a key component to our continued success.”
Ellis brings nearly 20 years of financial leadership experience in the energy sector, most recently as Chief Financial Officer for Travis Peak Resources, LLC. While at Travis Peak, Ellis led over $250 million in acquisitions and divestitures and was involved in the evaluation of acquisition targets within the Anadarko, Appalachian, Permian and Gulf Coast basins. He also sourced and negotiated two midstream joint ventures with total gross capital commitments in excess of $1 billion.
Ellis also spent five years at BP Corporation North American Inc. (BP), where he led the evaluation of various strategic opportunities, including multi-billion dollar domestic and international corporate partnership transactions, and was involved in closing over $9 billion in acquisition and divestiture transactions. Notably, Ellis was the Project Manager responsible for the establishment and collateralization of the $20 billion Deepwater Horizon Oil Spill Trust.
Prior to BP, Ellis spent five years at Merrill Lynch. He earned a Bachelor of Engineering, graduating Cum Laude, from Vanderbilt University and a Master of Business Administration from the University of Texas, McCombs School of Business.
About Texas American Resources Company
Texas American Resources Company, along with its affiliated entities, is a privately held, independent oil and gas exploration and production company headquartered in Austin, Texas. Founded in 1990, Texas American Resources Company has successfully drilled hundreds of horizontal and vertical wells across multiple on-shore basins in the United States. In 2016 and 2018, Texas American Resources Company partnered with First Reserve, a leading global equity investment firm exclusively focused on energy, to continue to acquire and develop a portfolio of properties that combines existing production with significant remaining undrilled locations.
For more information, please visit https://texasarc.com.
Meredith Hargrove Howard