Exploration & Production · Energy Services · Midstream · Investment · Midland, Texas
Executive profile
More than four decades building and leading businesses in the oil and gas industry, from exploration and production to energy services, fuel distribution and midstream.
Thomas E. Kelly graduated from Baylor University with a Bachelor of Arts degree in 1977. He began his career with First National Bank of Granbury and, in 1979, moved to Midland, Texas, to work for First National Bank of Midland. In 1981 he co-founded Baytech Inc.
His experience spans the full life of an oil and gas asset: prospect development, acreage acquisition, fundraising, drilling, completion, revenue distribution and the operation of producing assets. He has built a core group of long-term investors and financial institution relationships, with activity focused on the Permian Basin, the Bakken, the Bend Arch of North Central Texas and South America.
Career
- 1977
Baylor University
Graduates with a Bachelor of Arts degree.
- 1979
First National Bank of Midland
After beginning his career with First National Bank of Granbury, moves to Midland, Texas.
- 1981
Co-founds Baytech Inc.
An oil and gas exploration and production company with operations in West Texas, New Mexico, Oklahoma, Wyoming and North Dakota.
- 1999
American Petro Fina asset purchase
Baytech purchases all of American Petro Fina’s West Texas assets for $96 million, at an oil price of $11 per barrel.
- 2002
Sale to Energen
Baytech’s Permian Basin assets are sold to Energen Corp. for $206 million.
- 2008
United Fuel & Energy
United Fuel & Energy Corp is sold to SC Fuels.
Selected portfolio
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Co-Founder · Permian Basin assets
Baytech Inc.
+$206M exit
Sold to Energen Corp. in 2002. More than 1,000 wells, three waterfloods and more than 500 barrels of oil per day.
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Baytech
American Petro Fina Asset Purchase
+$96M acquisition
All West Texas assets purchased in 1999 at an oil price of $11 per barrel.
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Founder · UFEN
United Fuel & Energy Corp
+$1B revenues
The largest fuel, lubricants and propane business in the Permian Basin. Sold to SC Fuels in 2008.
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Co-Founder · NYSE: PUMP
ProPetro Services
NYSE-listed well services in the Permian Basin and Uinta Basin: stimulation, drilling and cementing.
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Founder & CEO · NYSE: BPZ
BPZ Energy
+$2B market cap
Houston-based exploration and production company with oil discoveries in Peru and Ecuador.
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Peru
Upland Oil & Gas / Petro Toro Energy
~22M acres
Exploration Bloc XIV and TEA Blocks I–IV in Central Peru.
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Co-Founder · Eagle Ford & Oklahoma
Valor Petroleum LLC
Eagle Ford Shale and Mississippian Lime, with the StarMex LLC midstream pipeline.
Board & business interests
- The Fasken Foundation
- Board of Directors. A Midland-based charitable foundation of the Permian Basin.
- Allis-Chalmers Energy
- Board of Directors. An oil and gas service company headquartered in Houston, Texas.
- Tejas Premium Meats
- Founding co-owner. A custom cattle processing facility in Itasca, Texas.
- Wagyu Excelente Meats
- Owned and operated by the Kelly family, alongside Wagyu cattle ranches in Jeff Davis and Ellis Counties, Texas.
Associated strategic relationships & professional network
Associated strategic relationships and professional network.
Strategic discussion
Discuss an Opportunity in Confidence.
For qualified counterparties, SWEP can facilitate a confidential preliminary discussion before progressing to appropriate due diligence, information exchange and formal documentation.