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January 2002 to present, President, CEO and majority shareholder of Frontier Energy Services, LLC.
With over 30 years of experience in all phases of the natural gas industry Mr. Presley founded and successfully built Frontier from a start-up company to a significant player in the midstream sector of the natural gas industry through the acquisition of two natural gas gathering, processing, and treating facilities and one grass roots treating project. The combined Frontier assets included over 230 MMCF/d of gas gathering, treating, and processing facilities encompassing over 700 miles of pipeline and related facilities in three states of operation (Oklahoma, Texas, and New Mexico). In addition Frontier was responsible for the marketing of approximately 100 MMCF/d and 350,000 gallons per day of natural gas liquids. Mr. Presley orchestrated the sale of the Frontier assets in June of 2004 for $134 million.
From November of 1998 to May 2001, Mr. Presley served as President and CEO of CMS Field Services, Inc., a wholly owned subsidiary of CMS Energy Corporation. CMS Field Services functioned as the natural gas midstream business unit of CMS Energy. Mr. Presley's responsibilities involved overseeing the operations and business development activities, and the financial results of CMS natural gas gathering, compression, treating, processing, and natural gas and natural gas liquids marketing business. CMS Field Services had operations in the Gulf Coast, Mid-continent, Permian, and Rocky Mountain Regions of the United States, and owned more than 4,400 miles of natural gas gathering systems, five active natural gas processing plants, 100,000 hp of compression, and assets of approximately $300 million. CMS Energy Corporation has assets throughout the United States and around the world with businesses in electric and natural gas utility operations; independent power production; natural gas pipelines, gathering, processing, and storage; oil and gas exploration and production; and energy marketing. CMS Field Services was sold in 2003.
Prior to joining CMS, Mr. Presley successfully founded Heritage Gas Services, LLC, a privately held, full-service natural gas gathering, processing, treating, compression and marketing company. Heritage was formed in 1995, profitable within its first year of operation, and participated in the acquisition and installation of more that $100 million worth of gathering and processing related projects within its first three years. Entrepreneur Magazine named Heritage as the third fastest growing small business in America in 1998. CMS Energy acquired Heritage in November 1998.
From 1991 to 1994, Mr. Presley served as President of Grand Valley Gathering Company and Director of Grand Valley Gas Company, a publicly owned natural gas gathering, processing, and marketing company with annual revenue in excess of $300 million. Preceding Grand Valley, Mr. Presley successfully founded Centennial Natural Gas Corp. and served as its CEO and majority shareholder from 1988 through 1991. Centennial was acquired by Grand Valley in 1991.
The first company founded by Mr. Presley was Colony Energy Corporation, where he served as CEO and majority shareholder. Colony was a privately held natural gas company whose primary business activity was the marketing of natural gas. Following deregulation of the natural gas industry, Colony became one of the first companies to successfully market natural gas from the wellhead to the burnertip. Colony was acquired by a large gas utility in 1986.
Mr. Presley earned his Bachelor's degree from Angelo State University, San Angelo, Texas and performed his graduate work at the University of Texas of the Permian Basin. He and his wife, Darla, reside in Tulsa, Oklahoma and have two children.
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