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John H. Spriggs ..... President and C.O.O. Following the completion of his petroleum engineering education at Texas A&M, John Spriggs began his oil and gas career with Atlantic Refining Company in 1954 as a trainee engineer. In 1956, he joined J. Ray McDermott & Co., conducting engineering evaluations, designing and implementing secondary recovery projects, and originating computer science applications for the company. Mr. Spriggs joined Univac Division of Sperry Rand in 1966 as a petroleum representative, marketing and managing petroleum computer applications, including seismic data processing. In 1969, Mr. Spriggs joined Panhandle Eastern Corporation as assistant to the president and was later promoted to division manager with direct charge of corporate development, including information systems, computer services and long range planning. In 1972, he left to begin generating and drilling his own oil and gas prospects. He became President and Chief Executive Officer of Omega Resources, an oil and gas exploration and production company which was later sold. Mr. Spriggs entered the crude oil and petroleum products trading segment of the industry in 1978 with the formation of Guadeloupe Trading company, building it from inception to a net worth in excess of $10,000,000. He organized Kingston Oil and Refining, Ltd. in 1980 and moved to London to manage the company, which was engaged in international oil trading and transport, with offices also in Berlin. Kingston Oil and Refining, Ltd. was sold in 1984 and Summa Resources, a natural gas marketing company, was formed with Mr. Spriggs serving as President until joining Velt Energie, Inc. in 1993. Mr. Spriggs has a passive participation in Velt Energie at the present time. In 1996, Mr. Spriggs and Mr. Clark formed BASCO Energy Corporation, an entity organized to market petroleum products and participate in oil and gas exploration and production. Mr. Spriggs is currently President and C.O.O. of Arcon Chemicals, Inc. |
