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|DATE :||September 13, 2011||ABSTRACT :||
Our dependency on oil and gas, balanced against our steadily declining supply of reserves, remains the driving force behind rising commodity prices. As global demand for oil and gas continues to rise, this demand vs supply dynamic is becoming a serious problem. However, these problems bring great opportunity for those involved in the oil and gas industry. We invite you to come learn how the oil and gas industry is taking advantage of such opportunities, and how you can personally become involved and potentially benefit.
|VENUE :||KPMG - 500 E. Middlefield Rd. Mountain View, CA|
Waylan R. Johnson Founder & President, Texas Energy Group, LLC
Waylan R. Johnson, Founder and President of Texas Energy Group, LLC (“TEG”), entered into the oil & gas industry over 20 years ago. He began his career in 1989 working for an independent oil and gas exploration company. After gaining crucial industry experience, Mr. Johnson ventured out and, in the fall of 1990, founded his first oil company which participated in numerous drilling ventures throughout Texas. Since then, Mr. Johnson has founded several companies, one of which is Border to Border Exploration (BBX). BBX was the third company to take oil and gas leases in what has now become the Bakken Shale, the third largest oil field discovery in the United States in recent years. BBX was able to take a $1.5 million investment and develop it into a gross value of approximately $55 million. Resaca Resources, LLC., a registered and bonded oil and gas operator with the Texas Railroad Commission is another of several companies Mr. Johnson founded in the Austin, Texas area. Throughout Mr. Johnson’s career, he has established long-term business and personal relationships with many public and private oil and gas companies which contribute significantly to TEG’s deal flow and industry resources.
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