New E&P firm secures $250 million investment

By OGJ editors
HOUSTON, Nov. 3
-- Gulf Coast Energy Resources LLC, Houston, has received commitments for investments totaling as much as $250 million for exploration and development on the Texas and Louisiana Gulf Coast.

The private company was formed this year with a strategy that it describes as focused on “the exploration of proven hydrocarbon trends utilizing advanced seismic technology augmented by the acquisition and exploitation of producing fields.”

The financial commitment came from private-equity firm Warburg Pincus and company managers.

Kevin Guilbeau is president and chief executive officer of GCER. Other managers are C. Gordon Lindsey, vice-president, exploration and business development; Manual Mondragon, chief financial officer; Steve Longdon, vice-president, engineering; and Jay Parker, exploration manager.

Related Articles

Eland Oil & Gas names chief executive officer

09/08/2014 Eland Oil & Gas PLC has appointed George Maxwell as chief executive officer, elevating him from his previous position as chief financial officer.

Athabasca Oil appoints president, chief executive officer

09/08/2014 Sveinung Svarte, president and chief executive officer of Athabasca Oil Corp. since 2006, will retire Sept. 30. Tom Buchanan, chairman, will assume...

Sunshine interim CEO resigns; executive chairman assumes role

09/02/2014 Michael Hibberd, executive chairman of Sunshine Oilsands Ltd., Calgary, has assumed direct responsibility for all tasks and functions of chief exec...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected