Tue, Nov 25, 2014 19:21
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Tim Taylor Named Executive Vice President of Texas American Resources Company

Texas Business reports: AUSTIN—Texas American Resources Company  named Tim Taylor as  executive vice president.

In an effort to strengthen strategic planning and the technical development of two oil-prone repeatable plays TARC chief executive David Honeycutt asked Taylor to help accelerate growth and technical understanding of company assets in the Texas Panhandle and South Texas.

“Tim is a tremendous strategic thinker and hard worker,” Honeycutt said in a prepared statement.  “He brings a lot of experience to bear and will be instrumental in the evolution of our company The move is intended to free up some of his time for critical thought for value creation.”

The company is re-aligning its management team after closing the sale of its DJ Basin Properties to Bill Barrett Corporation for $150 million.  

“The transactional metrics for the sale of our DJ Basin assets are very compelling; we are delighted with the outcome Honeycutt commented on the sale,” Honeycutt said.  “We had a fine collective effort from our Denver and Austin staffs, I am very proud of the talent we have in our organization. The benefits from our DJ Basin sale will allow Texas American to focus on the development of our very attractive oil-prone Eagle Ford assets in South Texas.”

Taylor previously served as chief operating officer of Texas American Resources Company. The company is not seeking a replacement for the COO position at this time.

Texas American Resources Company is a privately-held independent energy company headquartered in Austin, Texas. Since its founding in 1990, TARC has focused on the acquisition and exploitation of proved or near proved properties in Texas and the Rocky Mountain region of the United States.