Natural Resources >> CEO Interviews >> March 13, 2001

Phillip Smith – Prize Energy Corporation (prz)

PHILLIP B. SMITH the founder of Prize Energy Corporation, has been Chairman of the Board of Directors, Chief Executive Officer, Treasurer and a director of Prize since January 1999. He was also President of Prize during a portion of 1999. From 1996 until 1999, he served as a director of HS Resources and Pioneer Natural Resources Company and its predecessor, MESA, Inc. In 1996, Mr. Smith founded a small independent oil and gas company, which he managed until 1999. Mr. Smith served as President, Chief Executive Officer and a director of Tide West Oil Company, an independent oil and gas company, from 1992 until 1996. He was President and a director of Draco Petroleum, Inc., a wholly owned subsidiary of Tide West, from 1991 until 1996, and of Tide West Trading & Transport Company, formerly Draco Production Company, a wholly owned subsidiary of Tide West, from 1989 until 1996. From 1986 until 1991, Mr. Smith was a Senior Vice President of Mega Natural Gas Company, a natural gas gathering company and the former parent company of Tide West Trading & Transport Company and its predecessor companies. Prior to that time, he held various technical and management positions at other independent and major oil and gas companies. He earned his MBA from the University of Tulsa and his BS in mechanical engineering from Oklahoma State University. Profile
TWST: Could you provide our readers with a brief overview and history?

Mr. Smith: We were founded in January 1999 by Natural Gas Partners and

myself. In June 1999, we closed a purchase of oil