Natural Resources >> CEO Interviews >> August 2, 2002

Paul Dougan – Equity Oil Company (eqty)

PAUL M. DOUGAN is President and Chief Executive Officer of Equity Oil Company. He has spent his entire career with Equity Oil Company, starting with the company as an Exploration Geologist in 1961. Mr. Dougan was elected a Director of the company in 1992, and after serving as Corporate Secretary and Manager of Corporate Development since 1969, became President and CEO in January 1994. Mr. Dougan and members of his extended family own 11% of the stock of the company. A native of Salt Lake City, Mr. Dougan earned a BS degree in Geology from Stanford University in 1959, and later completed the Executive Program at the Stanford University School of Business Administration. During his career with Equity, Mr. Dougan has been involved in every phase of the business including exploration geology, well site supervision, oil shale research and development, corporate planning and corporate administration. Mr. Dougan serves as a Director of Leucadia National Corporation and is a member of the American Association of Petroleum Geologists, Society of Petroleum Engineers, AIME, and Independent Petroleum Association of America. Profile
TWST: Could we begin with a brief historical sketch of Equity Oil

Company, and a picture of things as they are now?

Mr. Dougan: Equity Oil Company is a 79-year-old independent exploration

and