Dan Williams has more than 30 years of oil industry experience. In 1985, Mr. Williams was one of four founders of Central Valley Pump & Supply and Madera Manufacturing in California. Mr. Williams and his partners lead the capital raise that funded the development and marketing of Central Valley, including the acquisition of “down hole” drilling technology, and the profitable sale of numerous rigs throughout the Middle East.
In 2009, he began oil and gas property development with 500 acres and 6 wells in Kentucky. Since then, Mr. Williams has successfully acquired and sold multiple 30,000 acres of property leases that included more than 55 drilled and producing wells.
As an employee, advisor, and consultant, Mr. Williams has also led the acquisition, development, sale of many oil and gas property lease transactions for companies in this sector.
These transactions included, but are not limited to:
i. The Delhi Field Lease in central Louisiana. The Delhi Field Lease was purchased from Delta Exploration, Inc. in 2003 for $2.5 million. The lease was resold in 2006 for more than $60 million.
ii. The South Belridge Field Lease in Kern County, California. This field was purchased for $2 million in 2004. Mr. Williams raised $28M to develop the field. In 2007, he packaged and facilitated the sale of that field for $138 million.
iii. The Poole Field Lease in Kentucky. The field was purchased in in 2011 for $1,500 from Sinclair Oil and Exxon. The purchasers spent $400,000 to develop the Poole Field. Thirty months later, Mr. Williams structured the successful sale of the property for $7 million.
iv. The Pruitt Field Lease in Kentucky. Pruitt was acquired for $2,000 in April 2013. The acquirers spent $400,000 to develop the field wells. The field was sold in November 2013 (seven months from first well drill date) for $2.04 million.
Mr. Williams has produced oil or gas in 94% of the wells that he has drilled, well above the industry average.