Dallas, Texas (PRWEB) January 11, 2012
Louis Dorfman Jr., President and CEO of Arch oil and gas, is the third generation in his family to be involved in the oil and gas exploration industry. He was President of Dorfman Production Company, an 88-year old family-owned business for 15 years. This was Mr. Dorfman’s first high-profile leadership position in this industry for which he was responsible for directing significant oil and gas exploration and production operations, to include drilling in excess of 250 wells and operating approximately 380 wells.
Significantly in this context, Mr. Dorfman was responsible for using his market knowledge to evaluate many large acquisition targets and then invest significant amounts of capital pursuing the most promising opportunities and acquisitions. Throughout his career, he has been involved in acquisitions and divestitures of more than $600 million of oil and gas properties. A critical component of success in exploration and production activities may also be measured by the acquisitions that-while apparently possessing the potential to be valuable-are avoided. Mr. Dorfman’s record for declining to participate in unprofitable ventures is highly impressive. At Dorfman Production Company, the company grew over 700% through his successful investment strategies. After leaving the family business, Louis Dorfman Jr. became executive vice president of ASI, a public company based in San Antonio, Texas.
At ASI, Mr. Dorfman was responsible for acquisition of non-operated oil and gas working interests and other important operational tasks involving investor and financial partner relationships critical to a public company’s existence. ASI benefited tremendously from Mr. Dorfman’s industry expertise as reflected by the numerous successful drilling prospects and projects undertaken by ASI for which he was the catalyst. Two acquisitions became field discoveries which, in and of itself, constitutes a noteworthy career highlight.
Lastly, this enviable and comprehensive record of significant industry achievements was further enhanced by his appointment in 1999 to the Interstate Oil and Gas Compact Commission by (then) Texas Governor George Bush and where he was further selected to participate in the Commission’s Energy Resources Research and Technology Committee. This prestigious position signifies not only the technical skills and abilities of a professional who has successfully met the challenge of conducting high-level energy exploration and development activities, but provides additional support for concluding the company has a solid and recognized professional at its helm.