Natural Resources >> CEO Interviews >> December 17, 2012
Ray D. Reaves has been the CEO and Chairman of the board of the FieldPoint Petroleum Corporation since 1989, and has 24 years of experience in the oil and gas industry. He began his career in 1986, with North American Oil and Gas. Subsequently, in 1989 he purchased an interest in 10 of their wells and formed Bass Petroleum, Inc. Under Mr. Reaves’ management in the years that followed, Bass Petroleum, Inc., gained majority control of the 10 original wells and acquired interests in another 60 wells. In 1998, Bass Petroleum merged with Energy Production Corporation and, as a result, FieldPoint Petroleum Corporation was born. FieldPoint has grown to a $20 million asset base with varying interest in over 300 wells and complete operating control of 60 wells in five states. Profile
TWST: Your third-quarter revenue was up more than 30% compared to the same period in 2011. What factors contributed to that increase?
Mr. Reaves: We started our drilling program with