A native of western Texas, Larry M. Koonce grew up around oil- and gas-industry professionals. His grandfather drilled oil wells, and an uncle worked for Sunoco as a geologist. In 2006, Larry M. Koonce founded North American Drilling Corporation (NADC), where he acts as Director, President, and Chief Executive Officer. Based in Plano, Texas, the company drills wells throughout the state, independently producing natural gas and crude oil. Under the direction of Larry M. Koonce, NADC, which has drilled more than 50 wells, currently operates several development-phase drilling initiatives on wells ranging in depths from 5,100 feet to 10,000 feet. The firm also continually seeks new drilling opportunities that meet its high standards.
Larry M. Koonce's experience in the industry includes positions managing field operations, supervising drilling work, and overseeing marketing programs. He has also handled oil and gas accounting; contract negotiations; investor relations; equipment, land, and lease appraisals; and the evaluation of well operations. Mr. Koonce's additional areas of expertise range from reviewing geological, geophysical, and reservoir engineering reports for numerous wells to selecting prospects for drilling. Previously, Mr. Koonce served as Vice President of an oil and gas exploration enterprise centered in Dallas. Additionally, he led another Plano-based firm engaged in oil and gas exploration, functioning as its President for seven years.
At Texas Tech University, Larry M. Koonce earned a Bachelor of Business Administration in Management and Marketing. When not engaged in his considerable professional duties, he remains active. A long-distance cyclist, Mr. Koonce has participated in the Make-A-Wish Foundation Wish 100, the Team LIVESTRONG Challenge, and the Lone Star BP MS 150 in support of charities. In other pursuits, Larry M. Koonce enjoys a good day on the golf course and additionally scuba dives, fishes, and hunts. He holds memberships in the North Texas Oil and Gas Association and the Wildcatters Club.