Tue, Jul 29, 2014 17:55
HomeMost Recent NewsLone Star Business BlogContact Us
Advertise with Texas Business
Paradigm Oil and Gas Names Todd Violette CEO

Texas Business reports: CORSICANA—Paradigm Oil and Gas Inc. named Todd Violette chief executive and controlling shareholder.

Violette is currently the chief executive officer of Lighthouse Petroleum Inc. Violette will explore opportunities for Paradigm and Lighthouse Petroleum to joint venture or possibly merge in a manner that will maximize shareholder value for both companies.

Paradigm did not have a current chief executive or president.

Paradigm has 106 wells currently under lease.  Lighthouse and Paradigm have already begun marketing three well packages.

Paradigm has leases in Navarro County that has permitted injection wells.   The geographic coverage for the combined assets of Lighthouse and Paradigm would cover areas from Louisiana to Eastern Texas and additional areas in West Texas.

With the appointment of Violette, Brian Kennedy will resign from the board of Paradigm and as its chief financial officer to pursue other business interests.