contract personnel, as well as state and federal environmental and regulatory functions. He managed an annual capital budget of approximately $30 million and operated approximately 100 wells. HOFCO drilled about 20 wells per annum and performed approximately 30 recompletions and work over operations each year. HOFCO owned interests in about 10 key fields principally in Texas, and company-managed production was approximately 1,000 bpd of crude oil and 10 mm cfd of natural gas. Beckham is a petroleum engineer and 1984 graduate of Mississippi State University. Michael Price Independent Director Michael Price has over 40 years of senior financial and petroleum experience in the global oil and gas industry. He has been a principal in Octagon Energy Advisors, a Houston-based energy investment advisory firm, from 2002 to present. The firm advises financial institutions and institutional investors participating in energy investments. From 2008 through his retirement in 2021, he served as a managing director at ING Capital, which provides debt financing to domestic exploration and production companies. From 1998 through 2002, Price was the chief financial officer of Forman Petroleum Corporation. Before that, Price was managing director at Chase Manhattan Bank for 15 years and was in charge of technical support for Chase’s worldwide energy merchant banking activities. In his early career, he worked as a consulting principal on domestic petroleum engineering and landowner matters and gained extensive international experience working with major oil companies in a variety of operating positions. He holds a BS and MS from Illinois Institute of Technology, an MBA from the University of Chicago, a M.Sc. from the London School of Economics and an MS in Petroleum Engineering from Tulane University.
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