TXCO Resources Inc. today announced the promotion of Gary S. Grinsfelder to the position of President of the Company. James E. Sigmon retains the positions of Chairman and Chief Executive Officer. Grinsfelder was Vice President of Exploration for TXCO before being named President.
Grinsfelder, 58, is a geologist with more than 30 years of industry experience. He joined the Company in April 2007 via its acquisition of Output Exploration LLC of Houston, where he served as Vice President of Exploration and Business Development.
In his new role, Grinsfelder will be part of the team responsible for driving TXCO’s growth as well as managing the Company’s land, exploration, legal, and investor relations and corporate communications departments.
“The move signals a more aggressive commitment to our future growth, and enhances the Company’s capabilities to focus on specific core functions,” said Sigmon. “Gary has blended in well with TXCO, and we’re pleased to have promoted such a talented geoscientist at TXCO.”
Prior to joining TXCO as part of the Output acquisition, Grinsfelder was Vice President of Exploration for Triad Energy and before that worked as a geologist for Spartan Petroleum Corp. He began his oil and gas career with Union Oil Co. of California. He holds a bachelor’s degree in geology from Southern Methodist University and conducted graduate-level studies at the University of Puerto Rico and the University of Houston.
Grinsfelder, along with James J. “Jeff” Bookout, Vice President and Chief Operating Officer, and P. Mark Stark, Vice President, Treasurer and Chief Financial Officer, will continue to report to Sigmon.
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