Based in Fort Worth, Texas, Tanglewood Exploration, LLC was formed in September 2006, by Mr. Tom L. Scott and Mr. Randy Wolsey to combine their deep and unique experience and relationships to capitalize on unconventional shale gas opportunities. The primary mission of Tanglewood Exploration, LLC is to build a shale gas company comprised of industry experts to acquire and develop profitable shale gas properties in North America.

Mr. Tom L. Scott, General Manager, has over 30 years of oil and gas experience in leasing and development, principally within the Anadarko Basin and North Texas regions. Since 2002, Mr. Scott has leased in excess of 100,000 acres within the Fort Worth Basin, principally as an agent to and partner with several notable oil and gas companies including EOG, XTO, and Republic Energy. Mr. Randy Wolsey, Operations Manager, has over 35 years of experience in field operations and drilling. He has drilled in excess of 85 wells within the Barnett Shale play on behalf of Chief Oil & Gas as a contract-drilling supervisor.

Mr. Scott and Mr. Wolsey have assembled a notable team of technical consultants to support Tanglewood’s development program:

Mr. Tom L. Scott, General Manager – Land & Administration
Mr. Scott has over 30 years of experience within the oil and gas industry, 28 years of which as an independent landman. For approximately 26 years, Mr. Scott concentrated his efforts within the Anadarko Basin, where he provided lease and title services to approximately 25 small to large independent exploration companies. In the mid to late 1980’s, Scott employed two exploration geologists to generate prospects within the Anadarko Basin and participated in several exploratory ventures, which discovered and developed over 200 BCF of gas. For the last 4 years, Mr. Scott has focused his efforts within the Fort Worth Basin, where he has purchased in excess of 100,000 acres.

Mr. Randy L. Wolsey, Manager – Drilling and Operations.
Mr. Wolsey has approximately 35 years of experience within the oil and gas industry. Mr. Wolsey has drilled over 85 Barnett Shale wells primarily on behalf of Chief Oil and Gas, where he managed all phases of drilling, completion, and production as drilling supervisor. Raised in the Fort Worth area, Mr. Wolsey has extensive personal and professional relationships to access services as needed.

Mr. Dan Steward – Consulting Geologist
Mr. Steward received a B.S. in Geology from the University of Houston in 1972. With 32 years of petroleum experience and 22 years working the North Texas area, Steward joined Republic Energy Inc. in 2002. Prior to joining Republic, Steward was Vice President of Geology at Mitchell Energy (later acquired by Devon Energy) where he worked on the Barnett Shale development since its inception in 1981.
During the period between 1981- 2001, he was at Mitchell Energy and was a member of the team responsible for recognizing, evaluating and evolving the Barnett Shale Play in the Fort Worth Basin. During that 20 year period he held a number of positions within the company management, but in one capacity or another was always involved in the play.

After the Company’s merger with Devon in 2002, Dan joined Republic Energy and continued his involvement with the Barnett Shale through their activities. This partnership has allowed him to apply the understanding of organic shales acquired from the Barnett to other shales across the United States.

In 2005, Dan was asked to write a history of the evolution of the Barnett play by George P. Mitchell. This history has been published. In addition to this honor Dan was also recently selected by the American Association of Petroleum Geologists for their 2007 Explorer of the Year Award for his role in establishing the Barnett as one of the largest gas producing fields in the country.

Mr. Nick Steinsberger, Consulting Drilling Engineer
Mr. Nick Steinsberger has 17 years of experience in drilling and completion operations. Mr. Steinsberger was Staff Engineer for Mitchell Energy/Devon Energy where he supervised the completions and operations of a 14-rig drilling program and a 140 well per year re-stimulation and workover program. Mr. Steinsberger has completed over 1,000 wells in the Barnett Shale with Mitchell/Devon. He was the Horizontal Team Leader responsible for completing the first 25 horizontal wells in the Barnett Shale and the first to recommend and try water fracs in the Barnett Shale, which changed the field from a marginal play to the largest gas field in Texas. Mr. Steinsberger subsequently was employed by Progress Energy and Republic Energy Drilling where he completed 48 horizontal wells in the Barnett Shale.