CAREY D. ELDER
29714 Spring Terrace Dr.
Spring, TX 77386
delder.summit@gmail.com
(832)-221-4226
Oil and Gas Professional – a Landman with 20+ years of experience in all aspects of oil
and gas exploration and production.
OIL & GAS * MANAGEMENT * PUBLIC RELATIONS * NEGOTIATION
SUMMARY OF EXPERIENCE
Received B.B.A. in General Business from Stephen F. Austin University in 1975 and a
B.S. in Petroleum Land Management from the University of Houston in 1983. Upon receiving
Land Management degree, went to work for Huffco Petroleum Corporation as a contract
Landman and then as in-house Landman. In 1988, formed Summit Exploration Corporation with
two other partners to generate and acquire offshore oil and gas prospects for AEDC USA Inc
(Arabian Oil Corporation of Tokyo Japan). I was responsible for negotiating the acquisition of
the oil and gas prospects, and the economic evaluation of such prospects, and handled all
corporate matters. In part through Summit Exploration’s efforts, AEDC invested over $150
million in the Gulf of Mexico. In 1993, joined Gulfstar Energy Inc. as Land Manager. In addition,
in 1993, formed Summit Royalty Company as a vehicle to invest royalty income resulting from
the success of Summit Exploration. In January of 1997, resigned from the position as Land
Manager to manage Summit’s investments that included two motels in the Texas Hill Country, a
700 acre cattle ranch outside Lampasas Texas, various undeveloped commercial tracts of land.
Sold real estate holdings in 2006, and joined Ginger Oil Company, a publicly traded Swedish
Company, as Vice President - Land in September 2007.
PROFESSIONAL EXPERIENCE
VICE PRESIDENT - LAND September 2007-Present
Ginger Oil Company, Woodlands, TX: a publicly traded Swedish company traded NGM-equity
exchange in Sweden.
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Corporate planning to maximize stockholder value through new business opportunities,
strategic alliances and investor relations.
Worked to develop conventional and unconventional play concepts with a primary focus
on exploratory and production opportunities within the continental United States.
Negotiated and prepared joint venture agreements, supervised leasing projects, and
evaluated new drilling opportunities.
Reduced land cost by implementing new property management programs, and
outsourcing certain land functions.
OWNER / PRESIDENT January 1996-October 2007
SUMMIT ROYALTY COMPANY- Lampasas, TX: a privately held corporation established to
invest in oil, gas and real estate investments.
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Skillfully managed the company’s assets; it’s worth to the investor community,
and its financial success.
Governed a range of functions; these include finance, administration, investor
relations, business development, and operations management.
Developed strategic planning and execution to expand opportunities and enhance
growth, worth, and profitability.
Served as an ambassador for the company defining and proactively promoting the
company’s position, image and character.
LAND MANAGER January 1993-January 1996
GULFSTAR ENERGY INC. Houston, TX: investor funded oil and gas exploration company
generating and drilling prospects in the Gulf of Mexico.
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Conducted all facets of land activities from initial prospect review to
prospect development. Supervised several producing property reviews for
acquisition.
Negotiated and prepared investor, exploration and JOA (Joint Operating
Agreement) farm in/out agreements.
Helped direct and influence people in a wide range of functions, including
investors, drilling partners, state and local government officials, and
Gulfstar Energy department managers.
Earnings were based on success of drilling and exploration program creation
and implementation.
ADDITIONAL EXPERIENCE:
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Vice President of Land, Summit Exploration Company
Senior Landman, Huffco Petroleum Corporation, Houston, TX.
Contract Landman, Independent Landman, Houston, TX.
Owner / Manager, D&D Fence Company, Houston, TX.
Assistant Manager, Franklin Fence Company, Nacogdoches, TX.
Estimator / Sales Representative Allied Supplier & Erection Company, Houston,
TX.
EDUCATION AND TRAINING
BACHELOR OF SCIENCE IN PETROLEUM LAND MANAGEMENT
UNIVERSITY OF HOUSTON Houston, TX - 1983
BACHELOR OF BUSINESS ADMINISTRATION
STEPHEN F. AUSTIN STATE UNIVERSITY Nacogdoches, TX - 1975
SPECIALIZED ACADEMIC TRAINING
* Oil & Gas Accounting
* Oil & Gas Law
* Petroleum Geology
* Oil & Gas Economics
PROFESSIONAL ASSOCIATIONS / TECHNICAL PROFICIENCIES
* Member, American Association of Petroleum Landmen
* Board of Directors for Lampasas Chamber of Commerce
* Member, Lampasas Tourism Committee