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Sulphur Springs, Tx
A longtime entrepreneur, Ken Goggans has launched numerous businesses in the last decade. His earliest venture began his career in the oil and gas industry with a start-up service company. With a $100,000 investment, he founded Manek Energy, and his carefully selected team quickly began to build the business and earn important contracts. Ken Goggans soon turned the company into a multimillion-dollar enterprise, and, within four years, the company had secured 55% of the market share in the Marcellus Shale play. Due to this success, another firm sought to acquire Manek Energy, and Goggans sold the company for a significant profit.
Kenneth Goggans later created Woodbine Acquisition Corporation (WAC) to procure land in Texas counties such as Brazos, Grimes, and Madison. Through the “Woodbine Acquisition,” he purchased 17,600 gross acres, with production of around 4,000 barrels of oil equivalent per day (Boe/d). He and his colleagues quickly grew this amount to more than 6,000 Boe/d. Kenneth Goggans then sold the corporation’s interests in 2011 and achieved a return of quadruple the invested capital.