william n young bio & resume

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WILLIAM N. YOUNG, III 281-804-8812 | [email protected] | Houston, Texas Excellent manager seeking opportunity to drive success and implement corporate vision by empowering and engaging leadership teams. Successful track record of key responsibilities for over 17 acquisition transactions totaling $4.6 bn, closing 14 major projects over $5 bn, and 6 large financings encompassing ~$700+ million. Total capital involved is over $10 billion. Proven, passionate, perseverant leader with exceptional knack for resourceful, immediate, and practical solutions. Expertise ranges from executive management of upstream and midstream startup companies, to key executive commercial roles in both Global E&P and Integrated Utility Top 20 corporations. ACQUISITION & GROWTH KEY FOUNDATION DIVERSIFIED BACKGROUND ACCOUNTABILITY Midstream/Upstream Startups Business Development Pipelines & Compressors Finance / Accounting Acquisitions & Negotiations Sales – Oil, Gas, NGL Operational Excellence Financial Modelling Joint Venture Agreements Commercial Marketing Gas Processing Plants Regulatory Compliance Major Project Management Contract Negotiations HSE & Risk Management Covenant Compliance PROFESSIONAL EXPERIENCE LINC ENERGY RESOURCES COO and President 2012 - 2015 Led startup Upstream and Midstream company, CO2 EOR (70mm bbls 3P), & Alaska $1.5 billion project with PV10 of $2.6 bn Accomplishments Midstream & Upstream Gulf Coast startup, Alaskan major project, and Glenrock Wyoming CO2 EOR o Plan of Development for Alaskan Umiat field to drive $2.6 billion PV 10, by $500 mm capex redux streamlined logistics. o Leadership role in consummation of two major debt offerings totaling $390 million. o Managed logistics, operations, pipelines, trucks, compressors, NGL plants, drilling, barges, leases, environmental safety and regulatory compliance, finance, accounting, human resources, administration and reservoir engineering. o Connected 85+ discoveries of 5 mm boe proved over three years in the 14 fields comprising Gulf Coast properties. o Converted Glenrock Wyoming acquisition into 70 mm boe probable by CO2 EOR project and pipeline logistics. PROBE RESOURCES Chief Operating Officer 2007 - 2011 Founding member and COO of Upstream and Midstream company startup in shallow waters Gulf of Mexico, after Hydro/SKE Accomplishments Midstream and upstream startup, Initial Public Offering, Field Development Plans, Safety, Regulatory

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Page 1: William n young bio &  resume

WILLIAM N. YOUNG, III

281-804-8812 | [email protected] | Houston, Texas

Excellent manager seeking opportunity to drive success and implement corporate vision by empowering and engaging leadership teams. Successful track record of key responsibilities for over 17 acquisition transactions totaling $4.6 bn, closing 14 major projects over $5 bn, and 6 large financings encompassing ~$700+ million. Total capital involved is over $10 billion. Proven, passionate, perseverant leader with exceptional knack for resourceful, immediate, and practical solutions. Expertise ranges from executive management of upstream and midstream startup companies, to key executive commercial roles in both Global E&P and Integrated Utility Top 20 corporations.

ACQUISITION & GROWTH KEY FOUNDATION DIVERSIFIED BACKGROUND ACCOUNTABILITY

Midstream/Upstream Startups Business Development Pipelines & Compressors Finance / Accounting

Acquisitions & Negotiations Sales – Oil, Gas, NGL Operational Excellence Financial Modelling

Joint Venture Agreements Commercial Marketing Gas Processing Plants Regulatory Compliance

Major Project Management Contract Negotiations HSE & Risk Management Covenant Compliance

PROFESSIONAL EXPERIENCE

LINC ENERGY RESOURCES COO and President 2012 - 2015

Led startup Upstream and Midstream company, CO2 EOR (70mm bbls 3P), & Alaska $1.5 billion project with PV10 of $2.6 bn

AccomplishmentsMidstream & Upstream Gulf Coast startup, Alaskan major project, and Glenrock Wyoming CO2 EOR o Plan of Development for Alaskan Umiat field to drive $2.6 billion PV 10, by $500 mm capex redux streamlined logistics.o Leadership role in consummation of two major debt offerings totaling $390 million.o Managed logistics, operations, pipelines, trucks, compressors, NGL plants, drilling, barges, leases, environmental safety

and regulatory compliance, finance, accounting, human resources, administration and reservoir engineering.o Connected 85+ discoveries of 5 mm boe proved over three years in the 14 fields comprising Gulf Coast properties.o Converted Glenrock Wyoming acquisition into 70 mm boe probable by CO2 EOR project and pipeline logistics.

PROBE RESOURCES Chief Operating Officer 2007 - 2011

Founding member and COO of Upstream and Midstream company startup in shallow waters Gulf of Mexico, after Hydro/SKE AccomplishmentsMidstream and upstream startup, Initial Public Offering, Field Development Plans, Safety, Regulatory o Negotiated acquisition of assets by JV, and maximized ROE by innovative low cost field development solutions.o Developed two different equity offerings based upon the above described development plan projects.o Managed commercial & operations of production facilities, gas processing/treating plants, with no lost time injuries. o Connected four commercial discoveries of 64 bcf per Netherland and Sewell report with Proved reserves of 27 bcf.

HYDRO GOM/ SPINNAKER EXPLORATION Midstream Vice President 1998 - 2007

Leader of Hydro Gulf of Mexico (US) Upstream and Midstream Asset and Commercial Marketing, including Corp. BD teamAccomplishmentsGlobal E&P Upstream & Midstream Marketing Optimization and Integration, including Field Development Plans o Contributor to IPO materials for Spinnaker, as well as lease sale evaluations, and all midstream commercial plans.o Midstream commercial expert to devise export solutions for optimal field development including just in time first flow.o Appointed by Hydro as USA Midstream Marketing liaison for Gazprom’s Shtokman field JV, negotiated gas contracts. o Chief Commercial negotiator World Record (capacity and water depth), $665 mm, 1 bcf/day Independence Hub. o Thunder Hawk and Front Runner $900 mm development projects converted capital outlay into fees through contracts.o Negotiated contracts on oil, gas, natural gas liquids, gas processing, dehydration, laterals, platforms, & compressors.

Page 2: William n young bio &  resume

DLB OIL AND GAS / GULFPORT Midstream President - IPO, JV’s, and Acquisitions 1992 - 1998

Founding member and President Midstream company startup in Oklahoma, Texas, Louisiana, and Mississippi to acquire assets

Gathering and Energy Marketing Co. 1995 - 1998Created Midstream oil and natural gas gathering and energy marketing company for $4.5 billion Wexford Hedge Fund

AccomplishmentsMidstream Startup, Mergers & Acquisitions, Joint Venture, Initial Public Offering o Led midstream startup, facilities development, financials and investor road shows and initial public offering o Designed, constructed, and installed 18 Midstream gathering systems for DLB Oil and Gaso Automated production reporting for real time data and production cost control.o Chief negotiator for acquisition of Carmen Field Limited Partnershipo Safety and Risk Management programs implemented for DLB Oil and Gas.o GEMCO sold in 1998 @ 6x annual cash flow, added valuation of DLB sale to CHK.

Louisiana Energy Development Corp. 1992 - 1995Midstream oil and gas marketing company turnaround for $2.5 billion Michael Steinhardt Partners Hedge Fund

AccomplishmentsStartups, Mergers and Acquisitions, Joint Ventures, and Risk Management Plans for Oil & Gas o Successful oil gathering, gas gathering, compression and treating operator, with no lost time injurieso Negotiated, designed, and constructed 12 oil and gas gathering systems for third party gas lateralso Acquired three oil gathering systems to expand direct sale and supply opportunitieso Managed 6 midstream business development staff, 7 gathering system operations, total 28 employeeso Initiated logistics of well permit ID system for identifying gathering opportunities prior to discoveryo Turned company around from a 25% loss per year to a 50% return on equity in three yearso Sold LEDCO in 1995 at 4x investment to Tejas Corporation after three years

ARKLA ENERGY MARKETING Vice President 1986 - 1992

Recruited by Chairman Mack McLarty for transformation of Arkla to head up Nationwide Midstream Campaign

Gas Acquisition 1988 - 1992Managed oil and gas acquisition from over 100 independent and major producers involving gathering, transmission, compression, treating, and gas processing facilities.

Market Development 1986 - 1988Directed market development, attracted & served East Coast / Midwest consumers & producers, w/ new 1 bcfd pipe

AccomplishmentsMergers and Acquisitions, Midstream business development, Gas Acquisition, Marketing o Due diligence leader on $1.6 billion on four midstream acquisitions (MRT, LIG, Minnegasco, and Entex).o Appointed Chairman of the Midstream Productivity Improvement Task Force for Arkla.o Increased both margins and throughput substantially with Line AC Midstream expansion.o Initiated one page contract and improved relations with producer community.o Developed company’s initial risk management tools at initiation of NYMEX natural gas contract. o Leader of campaign for Midstream 36” pipeline to double capacity to serve new markets.

UNITED GAS Director 1984 -1986Manager 1978 - 1984

Gas Transportation, Engineering Planning, M&A, Regulatory Compliance

Gas Transportation and Exchange: Director 1984 - 1986Managed $100 million of transportation contract negotiations for first open access of Order 436

Page 3: William n young bio &  resume

Engineering System Planning: Manager 1982 - 1984Directed pipeline feasibility studies, project planning, & capital budgets of $125 million/year

Governmental Compliance: Manager 1978 - 1982Ensured Pipeline Safety, Regulatory, Environmental Compliance and Safety Training for UGPL

AccomplishmentsMergers and Acquisitions, and Midstream Business Development

o Key player in UGPL transformation to a deregulated modern midstream natural gas company o Tripled transportation revenues to $100 million, reduced transportation expenses by 75% to $25 milliono Enforced Government requirements for safety, regulatory affairs, and environmental complianceo Leader on due diligence for asset acquisitions, including compressor stations, gas processing and treating facilities, trunk

lines, and gathering systems. Includes review and comment on JV contracts. o Participated as United Gas Pipe Line management agent of High Island Offshore System, United Texas Offshore System,

Sea Robin Pipeline, and Northern Border Pipeline System.

EDUCATION

M.S. Civil Engineering (with Honors) 1977 3.7 of 4.0 North Carolina State University

B.S. Civil Engineering (with Honors) 1976 3.5 of 4.0 North Carolina State University

MAJOR AWARDS

Chairman’s Award – Spinnaker, Sailing BeforeThe Wind, Hurricane Katrina Response Team Leader

Chairman’s Award – Centerpoint Energy, Productivity Improvement Task Force Team Leader

COMMUNITY

Multiple Sclerosis Society of Houston Steering Committee on Fundraising

Discipleship – Man to Man Mentoring Champion Forest Baptist Church

Page 4: William n young bio &  resume

Company Asset or Target Primary (1) Modal (2) Overall Financing / Customers or Capital Roles, ResponsibilityNo. Position Merger & Acquisition Products Logistics Staff Capacity Pipeline Miles ($mm) and Accountaility (3)

LINC ENERGY RESOURCES USA, INC.1 Pres. Umiat Alaska - North Slope C, CH, DF, G, O, NGL, R, W A, GPL, OPL, T, W 250 154 mm bbls 2P 110 miles $1,450 BD, DD, E, GA, GT, M, O, K2 Pres. Linc Energy Capital Raise C, CH, DF, G, O, NGL, R, W A, GPL, OPL, T, W 120 Financing 126 miles $125 BD, DD, E, GA, GT, M, O, K3 Pres. Cedar Point Gas Plant C, CH, DF, G, O, NGL, W GPL, OPL, T, W 120 2k oil / 15 mm gas 23 miles $35 BD, DD, E, GA, GT, M, O, K4 Pres. CO2 EOR - Wyoming C, CH, DF, G, O, NGL, R, W GPL, OPL, T 120 32 mm bbls 2P 80 miles $125 BD, DD, E, GA, GT, M, O, K5 COO Linc Energy Capital Raise C, CH, DF, G, O, NGL, R, W A, GPL, OPL, T, W 120 Financing 126 miles $265 BD, DD, E, GA, GT, M, O, K

PROBE RESOURCES, INC.6 COO Probe Capital Raise C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 32 Financing 28 miles $50 BD, DD, E, GA, GT, M, O, K7 COO Probe Capital Raise C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 32 Financing 28 miles $25 BD, DD, E, GA, GT, M, O, K8 COO High Island 115 Hub C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 32 15 mmcfd 6 miles $10 BD, DD, E, GA, GT, M, O, K9 COO East Cameron 37 Hub C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 32 35 mmcfd 14 miles $28 BD, DD, E, GA, GT, M, O, K10 COO South Timbalier 198 Hub C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 32 45 mmcfd 8 miles $21 BD, DD, E, GA, GT, M, O, K

HYDRO GULF OF MEXICO, INC.11 VP Independence Hub & Trail C, DF, G, O, NGL, W A, GPL, OPL, T, W 21 1 bcfd, 5k bcpd 140 miles $665 BD, DD, E, GA, GT, M, K12 VP Shtokman Project C, G, L, O, NGL, R, W A, GPL, OPL, T, W 21 1.8 bcfd, 130 tcf 850 miles $1,700 BD, DD, GA, GT, M, K

SPINNAKER EXPLORATION, INC.13 VP Frontrunner Oil Hub C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 24 60k oil /110 mm gas 14 miles $400 BD, DD, E, GA, GT, M, K14 VP Thunderhawk Oil Hub C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 24 60k oil / 70 mm gas 26 miles $500 BD, DD, E, GA, GT, M, K15 VP CSFB BOA Capital Raise C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 24 Financing 126 miles $200 BD, DD, GA, GT, M, K16 VP High Island 119 Complex C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 24 0.5 BCFD 62 miles $75 BD, DD, E, GA, GT, M, K17 VP Hydro GOM C, CH, DF, G, O, NGL, W A, GPL, OPL, T, W 24 Merger @ + $2 bn n/a $2,560 BD, DD, E, GA, GT, M, K

GULFPORT ( FKA DLB OIL & GAS)18 Pres. LEDCO & LSGC C, CH, G, O, NGL, R, W GPL, OPL, T 28 Acquisiton 172 miles $20 BD, DD, E, GA, GT, M, O, K19 VP Carmen Field Partnership C, CH, DF, G, O, NGL, W GPL, OPL, T 28 Acquisiton 46 miles $15 BD, DD, E, GA, GT, M, O, K20 VP Gulfport Energy C, CH, DF, G, O, NGL, R, W GPL, OPL, T, W 28 Acquisiton 198 miles $50 BD, DD, E, GA, GT, M, O, K21 VP Chesapeake Energy C, CH, DF, G, O, NGL, W GPL, OPL, T 28 Acquisiton 416 miles $240 BD, DD, E, GA, GT, M, K22 VP DLB Oil & Gas C, CH, DF, G, O, NGL, W GPL, OPL, T 20 Financing 62 miles $57 BD, DD, E, GA, GT, M, O, K

( FKA ARKLA, INC. )23 VP Arkla Energy Resources C, CH, G, O, NGL, R, W GPL, OPL, T 23 1.1 bcfd 14,000 miles $1,860 BD, DD, GA, GT, M, K24 VP LINE AC 42 inch Pipeline C, CH, G, O, NGL, W GPL, OPL, T 18 Major Project 225 miles, 1 bcfd $240 BD, DD, GA, GT, M, K25 VP Mississippi River Trans. C, CH, G, O, NGL, W GPL, OPL, T 18 Acquisiton 2,200 mi., 0.7 bcfd $305 BD, DD, GA, GT, M, K26 VP Louisiana Intrastate Gas C, CH, G, O, NGL, R, W GPL, OPL, T 18 Acquisiton 1,900 mi., 0.9 bcfd $170 BD, DD, GA, GT, M, K27 VP Diversified - Minnegasco C, CH, G, O, NGL, W GPL, OPL, T 18 Acquisiton 650,000 Customers $630 BD, DD, GA, GT, M, K28 VP Entex Distribution Co. C, CH, G, O, NGL, W GPL, OPL, T 18 Acquisiton 1,200,000 Customers $500 BD, DD, GA, GT, M, K

UNITED ENERGY RESOURCES, INC. 29 Director Clarence Compressor Sta. C, G, O, NGL, W GPL, OPL, T 47 1.2 bcfd 10,000 + miles $ 1,150 BD, DD, E, GA, GT, M, K30 Director Trunkline LNG Lateral Co. C, G, L, O, NGL, W GPL, OPL, T 47 0.5 bcfd 450 miles $ 675 BD, DD, E, GA, GT, O, K31 Director Sea Robin Pipeline Co. C, G, L, O, NGL, W GPL, OPL, T 47 1.6 bcfd 450 miles $ 675 BD, DD, E, GA, GT, O, K32 Director Bistineau Storage Co. C, G, O, NGL, W GPL, OPL, T 47 1.1 bcfd 22 miles $ 125 BD, DD, E, GA, GT33 Director SR Henry Gas Proc. Plant C, G, L, O, NGL,R, W GPL, OPL, T 47 0.9 bcfd 12 miles $ 110 BD, E, GA, GT, O, K34 Director High Island Offshore Sys. C, G, O, NGL, W GPL, OPL, T 47 1.8 bcfd 204 miles $ 415 BD, GA, GT, K35 Director Northern Border Pipeline C, G, O, NGL, R, W GPL, OPL, T 47 2.4 bcfd 1,408 miles $ 975 BD, GA, GT, K36 Director United Texas Offshore Sys. C, G, L, O, NGL, W GPL, OPL, T 47 1.2 bcfd 38 miles $ 415 BD, GA, GT, K37 Director Trailblazer Pipeline Sys. C, G, O, NGL, W GPL, OPL, T 47 0.9 bcfd 436 miles $ 445 BD, GA, GT, K38 Director United Texas Trans Co C, G, O, NGL, W GPL, OPL, T 47 0.8 bcfd 1,186 miles $ 525 BD, DD, E, GA, GT, M, K39 Manager United Gas - Trans Anadarko PL C, G, O, NGL, W GPL, OPL, T 22 1.0 bcfd 582 miles $ 487 BD, DD, E, GA, GT, M, K

ACQUISITONS 4,556$ FINANCINGS 665$ PROJECTS 5,009$ TOTAL CAPITAL 10,230$

(1) Primary Products Key - { C = Condensate, CH = Chemicals, DF = Drilling Fluids , G = Gas, L = LNG, O = Oil, NGL = Natural Gas Liquids, W = Water }

(2) Modal Logistics Key - { A = Air Transport, GPL = Gas Pipeline, OPL = Oil Pipeline, R = Rail, T = Trucks (Water, Oil, NGL, Fluids), W = Water (Barges and Tankers)

(3) Roles {BD = Business Dev., DD = Due Diligence, E = Engineering, GA = Gas Acquisiton, GT = Gas Transportation, K = Contracts, M = Marketing, O = Operations}

(4) Safety Record - Zero Lost Time Injuries (entire career), Environmental record is impeccable, including Wash DC lobbying through INGAA and AGA }

Bill Young Bio - Pipeline, Logistics Operations, Assets, Mergers, Acquisitions, & Financings

CENTERPOINT