By OGJ editors
HOUSTON, Jan. 5 -- Credo Petroleum Corp. has elected Marlis E. Smith Jr. as president and chief executive officer. Smith succeeds James T. Huffman, who will retire effective Jan. 15.
Smith has 25 years of experience in the oil and gas industry. He is the owner of SmithCo Properties Inc. and a partner in Smith Drummond Holdings, both exploration and production companies based in Denver. The two companies, which Smith helped form, own interests in 450 oil and gas wells and 125,000 gross acres primarily in the Midcontinent and Rocky Mountain regions.
Smith previously was a partner in 410 Exploration, which generated drilling prospects and purchased producing properties in the Midcontinent and Rocky Mountain regions.
Huffman and his family retain a large stake in Credo Petroleum. He will serve as the company’s nonexecutive chairman.