Trey Resources was formed in 1983 to explore for and produce conventional and unconventional oil and gas resources using environmentally conscious methods.

About Trey Resources, Inc.

Our entire team, both in the field and in the office, strives to conduct business based on the principles of honesty, integrity and value.
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Area of Operations

Trey has researched, identified, developed, and divested several oil and gas properties during its history in Texas and Oklahoma.
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Community Service

Trey Resources is a family-oriented company and our priorities are God, our employees and their families, and our communities.
Learn more

About Trey Resources, Inc.

Trey Resources, Inc., founded in 1983, is an independent oil and gas exploration and production company headquartered in Midland, Texas with offices in Oklahoma City, Dallas and New York City. We are licensed and bonded to operate in Oklahoma and Texas. Our operations are currently focused from the Mid-Continent to the Permian Basin, but through our history we have worked across North America in various fields and formations.

Our entire team, both in the field and in the office – from Operations to Geoscience to Engineering to Accounting to Land – strives to conduct business based on the principles of honesty, integrity and value. Trey Resources is a family-oriented company and our priorities are God, our employees and their families and our communities.

Management

Trey has a strong track record of working with both strategic operators and financial investors in creating value. Trey management has excelled in start-up ventures, developing value in existing properties and turning around underperforming assets. Trey’s senior management has a diverse and complementary skillset that spans over 150 years of combined oil and gas experience. Management has held senior roles at large operators including Concho Resources, Occidental Petroleum, Tom Brown, ExxonMobil, RKI Exploration, Conoco, WPX Energy, and ARCO.

David M. Thomas III
Chief Executive Officer

Mr. Thomas has over 30 years of experience in the oil and gas industry. He has worked for a variety of producers ranging from “Majors” to private independents. Through his career, Mr. Thomas has been involved in many corporate and asset acquisitions in addition to drilling and developing over 300 wells, both vertically and horizontally. Mr. Thomas co-founded Trey Resources in 1983 with his wife Mitzi.

Before rejoining Trey as CEO in 2008, Mr. Thomas was an executive of Concho Resources where he served as Vice President of Exploration and Land for three years helping to grow Concho from a private equity-backed start-up to a publicly-traded independent E&P company. During Mr. Thomas’ time at Concho, production grew from 7 BCFE to 36 BCFE, proved reserves increased from 107 BCFE to 546 BCFE and Concho achieved a successful initial public offering in 2007 with a valuation of $1.2 billion. Prior to joining Concho, Mr. Thomas held a regional management role at Tom Brown and senior staff positions at Pure Resources, ExxonMobil Corporation and Conoco.

Mr. Thomas received his BBA from the University of New Mexico in 1977 and completed his Master of Science degree in Geology from the University of Oklahoma in 1997. He is a Certified Geologist with the American Association of Petroleum Geologists, Certified Geoscientist with the Texas Board of Professional Geoscientist and is a Certified Professional Landman with the American Association of Professional Landmen.

John Roam
Chief Operating Officer

Mr. Roam has over 35 years of engineering and operations experience in the oil and gas industry. Mr. Roam’s career has afforded him a broad base of petroleum engineering experience from all aspects of field operations from drilling through facilities. He is also well versed in petroleum economics and project management, including facility design and optimization.

Mr. Roam spent 26 years of his career with The Atlantic Richfield Company (ARCO). His positions included the role of Operations Superintendent - Plants with ARCO Alaska, one of the largest gas treating and compression complexes in the world. In addition to his work with ARCO and prior to joining Trey in 2011, Mr. Roam served as an Engineering Advisor for special projects for Occidental Petroleum Corporation and BP America Production Company.

Mr. Roam received his BS in Mechanical Engineering at the University of Missouri at Rolla in 1969. He also served in the US Navy as a Civil Engineer Corps Officer in charge of a construction detail which included organizing and leading an amphibious landing in Vietnam.

Cari Chaplin
Chief Financial Officer

Ms. Chaplin has over 20 years of experience in the field of accounting, both in the public accounting and private accounting industry, gaining experience in a number of sectors and accounting disciplines. Ms. Chaplin joined Trey in 2011. She has served as Accounting Manager, Controller and now as Chief Financial Officer. Ms. Chaplin received a BBA in Accounting from the University of Texas in 1995 and an MBA from Texas Tech University in 1999. Ms. Chaplin has served on boards of several non-profit entities throughout Midland, including serving as President of the Junior League of Midland.

Thomas Goodrich
Vice President, Business Development and Capital Markets

Mr. Goodrich has over 12 years of experience in finance. Prior to joining Trey in 2014, Mr. Goodrich was a Director at AMA Capital Partners, a transportation and energy-focused merchant bank. While at AMA, Mr. Goodrich spent several years managing a portfolio of domestic exploration and production companies on behalf of two investment funds. Mr. Goodrich began his career with Citigroup Corporate and Investment Bank working in its Infrastructure and Energy Finance group in New York and London. Mr. Goodrich received a BSBA from the University of Richmond in 2002.

Kenny Krawietz
Vice President, Operations

Mr. Krawietz has over 30 years of experience in a wide variety of oil and gas disciplines. Mr. Krawietz spent 22 years of his career with The Atlantic Richfield Company (ARCO), beginning as a drilling engineer and growing to manage the drilling and operations across a number of fields. As an asset manager of fields, he was responsible for acquisition and divestiture of properties, well completions and work overs and preparing reserve updates, amongst other activities. Prior to joining Trey in 2015, Mr. Krawietz held several senior production and operational roles at Laredo Petroleum, Samson Resources and Pure Resources and acted as a consultant to BP America Production Company. Mr. Krawietz received his BS in Petroleum Engineering from Texas Tech University in 1978.

Cleve Thomas
Asset Manager, Oklahoma & Texas

Mr. Thomas joined Trey in 2001 and since that time has worked across all disciplines of the Company including operations, accounting, environmental, production and land. Utilizing skills learned both in the field and in the office, Mr. Thomas’ current role as Asset Manager involves him in all aspects of Trey’s business across Oklahoma and Texas -- one day he may be working on a project with the team in the field, the next he may be meeting with local officials and community stakeholders. Mr. Thomas splits time between Trey's Oklahoma and Texas properties.

Mitzi Thomas
Vice President, Land

Mrs. Thomas has performed a diverse range of oil and gas tasks since she began in the industry over 30 years ago. In 1983 she co-founded Trey Resources along with her husband David and during this time she has worked in operations, accounting, production and land, amongst other departments. Despite her knowledge of the various pieces required to ensure successful operations of an oil and gas company, Mrs. Thomas’ primary focus throughout her career has been land-related issues; in addition to her work at Trey, Mrs. Thomas spent over ten years until 1997 operating Horizon Land Services, a contract land and title services company.

Joel Acosta
Drilling Manager

Mr. Acosta most recently acted as drilling manager for WPX's Permian Basin assets with a focus on Wolfcamp horizontals in the Delaware Basin. His previous drilling experience includes projects for RKI, Range Resources, and Sandridge. He has drilled in the Permain, Powder River, and Mississippian Basins among others.

Ken Fairchild
Vice President, Operations

Under Construction

Jay May
Geophysical Advisor

Mr. May has over 35 years of experience in geoscience, including about 20 years at Mobil and around 10 years at Concho. He has extensive expertise in integration of geology and geophysics targeting unconventional reservoirs both internationally and in the United States.

John Speight
Geoscience Coordinator

Mr. Speight joined Trey in 2011 and has since worked in all aspects of the geosciences. He has significant experience in the reservoir characterization of multiple unconventional resource plays in the lower 48 states.

Area of Operations

Trey has researched, identified, developed and divested several oil and gas properties during its history. We began our latest growth phase through the acquisition and production of both conventional and unconventional resources in Texas and Oklahoma. The primary assets of Trey Resources I are focused in the Mid-Continent and Permian Basin.

Mid-Continent

Trey’s primary focus in the Mid-Continent is the Hunton Limestone. This formation stretches for over 2.7 million acres mainly in Oklahoma, but also in the neighboring states of Texas, New Mexico and Arkansas. Production from the Hunton Limestone is characterized largely by high quality oil production and the associated production of high BTU content natural gas.

In 2014, Trey Resources I acquired 12,000 acres in the Short Junction Field in Cleveland County, OK. The Field was originally discovered by Conoco in 1948 and was developed using vertical wells drilled on a 40 acre well spacing, resulting in oil and gas production from 270 active wells within the 12,000 acre leasehold. Conoco sold the Field in 1988 after producing over 23 million barrels of oil. The Field changed ownership several times over the years before finally being acquired by Trey. This acquisition continues Trey’s long history in Oklahoma City – we have been operating oil and gas properties within Oklahoma City limits dating back to 1988.

Permian Basin

In the Permian Basin, Trey is focused on the San Andres formation. The San Andres is a relatively heterogeneous platform carbonate that until recently has been produced vertically on the eastern side of the Central Basin Platform.

In 2014, Trey Resources I acquired over 5,000 acres in the Shafter Lake Field in Andrews County, Texas. The Field was discovered in 1930 and has produced about 58 million barrels of oil. Expansion of the Field continued into the early 1980s when existing methods of extraction had exhausted the oil available for recovery. Today, utilizing improved technology, this Field is experiencing renewed activity – there are currently about 700 producing wells across 24,000 acres. Throughout our history, Trey has a strong track record of acquiring assets that others thought had minimal remaining recoverable oil, applying new techniques and delivering increased value. Results to date in the Shafter Lake Field are promising that Trey has found another asset with significant potential.

Community Service

Trey’s team strives to conduct business based on principles of honesty, integrity and loyalty. Trey Resources is a family-oriented company and our priorities are God, our employees and their families and our communities.

Trey supports the following charities and organizations:

Professional Organizations

  • OKC Chamber of Commerce
  • The South Oklahoma City Chamber of Commerce
  • Oklahoma Independent Petroleum Association
  • Permian Basin Petroleum Association
  • West Texas Geological Society
  • Oklahoma City Geological Society
  • American Association of Petroleum Geologists
  • American Association of Professional Landmen
  • Independent Petroleum Association of America
  • Society of Exploration Geophysicists
  • Permian Basin Geophysical Society
  • Permian Basin Affiliate of the Society of Economic Paleontologists and Mineralogists, (The Society for Sedimentary Geology).
  • Oklahoma City Association of Professional Landmen
  • Permian Basin Landman’s Association

Charities

  • YMCA
  • The Junior League of Midland, Inc.
  • Dress for Success Houston
  • Make a Wish Foundation
  • Casa of West Texas
  • Meadows Center
  • Lee High School Choir
  • Rays of Hope
  • Salvation Army