Texas Energy Group, LLC (TEG) would like to formally announce that on June 21, 2013, their long-time, beloved CFO, Cynthia Jones, issued her resignation from the company. Ms. Jones resignation stemmed from a unique opportunity to explore new challenges in private wealth management and a bonus of spending more time with her daughter by being closer to her. TEG has appointed James (Jimmy) Fluegel as their new CFO.
“Over her past seven years of employment with TEG, Cindy has been nothing but an absolute blessing to me and my firm. As not only her employer, but foremost friend, I support her in her personal decision and wish her nothing but success in her future endeavors. She will be truly missed by all of us here at TEG, but will continue to remain a close friend of me and my family,” stated Waylan Johnson, President of TEG.
James (Jimmy) Fluegel was appointed as CFO of TEG, as well as Mr. Johnson’s affiliate operating company, Resaca Resources, LLC (Resaca), on July 2nd. Mr. Fluegel holds a BBA in Accounting/MIS and a BBA in Business Management from Schreiner University. He also holds an MBA from The University of Houston with Certifications in Energy Finance and Accounting, Energy Investment Analysis, and Energy Risk Management. Mr. Fluegel is also currently pursuing a Masters in Earth and Energy Resources from the Jackson School of Geosciences at The University of Texas. Mr. Fluegel spent several years in the Oil and Gas Audit Group at KPMG in Houston primarily auditing Upstream companies. He also spent approximately 6 years at Conoco Phillips in various Finance related roles. His responsibilities at TEG and Resaca include the handling of all aspects of the financial procedures and applications, from drilling expenses to revenue payouts.
“In the two weeks that Jimmy has been employed with us here at TEG, he has already shown tremendous managerial & financial skills. His strong accounting background and knowledge of the oil & gas industry make him a huge asset to our team. We are confident that Jimmy will serve to meet and exceed TEG’s historical accounting standard that our partners have come to expect,” stated Waylan Johnson.
For further information regarding topics discussed in this article please contact Texas Energy Group, LLC directly via their Investor Relations Department; (877) 893-6749 or visit them on the web where you can sign up for the TEG (corporate) mailing list and receive up to date information on general TEG activities, including all TEG press releases.
Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of Texas Energy Group, LLC (TEG). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the TEG website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the TEG Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the TEG Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Texas Energy Group, LLC., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and TEG activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. TEG does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.