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Three Forks, Inc. has reported the appointment of oil and gas industry veteran Terrence R. Manning, P.E., as President and Chief Operating Officer.
Manning replaces Chuck Pollard, who is retiring from his executive positions but will remain a member of Three Forks' Board of Directors.
Ed Nichols, Executive Chairman, said, "We are fortunate to have attracted Terry Manning to Three Forks following Chuck Pollard's decision to retire from day-to-day executive duties. Terry is a highly accomplished oil and gas executive with deep experience in critical aspects of the business, including reservoir engineering, asset acquisition and capital project management. We appreciate Chuck Pollard's contribution to our growth and look forward to a continuing relationship with him during the transition phase and ongoing as an active member of our Board."
Mr. Manning brings to Three Forks, Inc. more than 33 years of diversified oil and gas experience. He began his career with Amoco Canada and Amoco Production Company (1980), where he spent 16 years in asset exploitation, petroleum engineering and management. Subsequent assignments included professional technical consultancy with Petroleum Analysis & Consulting (from 1998 to 2003), where he provided advisory services involving reservoir engineering, acquisitions and divestitures, and asset value optimization; Vice-President of asset transactions with Tristone Capital Advisors (three years); General Manager of D&J Oil Company (two years), where he was responsible for all company operations including drilling and completions, reservoir engineering, reserve analysis and economic assessment; Asset Manager and Advisor to the CEO of Platinum Energy Resources (16 months) with direct responsibility for asset optimization -- planning and execution, property and reserve valuation and implementation of capital projects; Senior Vice President and Senior Reservoir Engineer with BBVA Compass Bank (25 months); and Senior upstream technical advisor to numerous oil and gas industry clients.
Manning holds a Chemical Engineering Degree from the University of Calgary (1980). He is a Professional Certified Engineer with the Association of Professional Engineers, Geologists and Geophysicists in Alberta, Canada, and a member of the Society of Petroleum Evaluation Engineers, the American Association of Petroleum Geologists, and the Society of Petroleum Engineers.
Manning commented: "I am pleased to join Three Forks at this pivotal time in the Company's development. I have known Chuck Pollard for many years and look forward to working with him and the rest of the Three Forks team to optimize current assets and to identify and fund new projects that fit the Company's strategy of acquiring lower risk, long-lived oil producing assets that generate stable cash flows."