About Alpha Petroleum

Alpha Petroleum Services (APS) is a consulting and management services firm meeting the needs of our Petroleum Industry clients since 2003. With offices in Houston Texas APS Project Management Teams provide innovative solutions to our global client base. APS has extensive experience in hostile environment small field development and offers an extensive portfolio of cost effective drilling and completion programs.

Realizing the emerging importance of the Southern Gulf of Mexico and the opportunities provided through Mexican Energy reforms, APS, in partnership with Deepwater Technology Services (DTS), created ADS (Alpha Deepwater Services), as a Mexico operated subsidiary in 2009. Since creation ADS has supported IOC’s and government agencies through multiple peer guidance, certification and consulting roles.

APS is privately operated by the following five principal owners. APS draws on a bank of more than forty respected industry consultants, all with a minimum of fifteen years’ experience, covering every facet of the upstream industry.

About Alpha Petroleum

Alpha Petroleum Services (APS) is a consulting and management services firm meeting the needs of our Petroleum Industry clients since 2003. With offices in Houston Texas APS Project Management Teams provide innovative solutions to our global client base. APS has extensive experience in hostile environment small field development and offers an extensive portfolio of cost effective drilling and completion programs.

Realizing the emerging importance of the Southern Gulf of Mexico and the opportunities provided through Mexican Energy reforms, APS, in partnership with Deepwater Technology Services (DTS), created ADS (Alpha Deepwater Services), as a Mexico operated subsidiary in 2009. Since creation ADS has supported IOC’s and government agencies through multiple peer guidance, certification and consulting roles.

APS is privately operated by the following five principal owners. APS draws on a bank of more than forty respected industry consultants, all with a minimum of fifteen years’ experience, covering every facet of the upstream industry.

About Alpha Petroleum

Alpha Petroleum Services (APS) is a consulting and management services firm meeting the needs of our Petroleum Industry clients since 2003. With offices in Houston Texas APS Project Management Teams provide innovative solutions to our global client base. APS has extensive experience in hostile environment small field development and offers an extensive portfolio of cost effective drilling and completion programs.

Realizing the emerging importance of the Southern Gulf of Mexico and the opportunities provided through Mexican Energy reforms, APS, in partnership with Deepwater Technology Services (DTS), created ADS (Alpha Deepwater Services), as a Mexico operated subsidiary in 2009. Since creation ADS has supported IOC’s and government agencies through multiple peer guidance, certification and consulting roles.

APS is privately operated by the following five principal owners. APS draws on a bank of more than forty respected industry consultants, all with a minimum of fifteen years’ experience, covering every facet of the upstream industry.

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Loyd Hayton

Loyd Hayton brings over twenty-five years of oil and gas industry experience to APS and his expertise covers strategic development, contracts, economic evaluation, cost control and logistics management.

Loyd is an Associate with Alpha Petroleum Services having over twenty-five years’ experience in the energy and chemical industries. For the majority of his career Loyd has worked with client teams as a management consultant to identify and implement profitable business solutions in the areas of strategic development, business creation and process management. Loyd’s wide ranging responsibilities within APS include contract negotiation, contract administration, cost control, economic evaluation and logistics management. Highlights of Loyd’s experience include:

On a $430 million offshore development for an Australian independent oil company, Loyd managed the commercial and administrative aspects of all equipment and service contracts. He developed procedures for contract administration, invoice processing, cost control and reporting and implemented these procedures with client management and accounting personnel. In addition, Loyd developed the project economic model and performed economic analysis in support of joint venture partners’ project sanction decision.

For multiple independent oil companies Loyd performed scoping studies to identify the preferred field development approach. For each development alternative, Loyd obtained budgetary quotes and schedule estimates from vendors, using this data to identify the optimal development scenario. Loyd produced management level reports for each study, for use by the clients to support their project investment decisions.

In his consultation with a Latin American National Oil Company, Loyd developed a business plan to cover a US$2 billion petrochemical complex. The business plan identified attractive market and product opportunities, defined preferred ownership and financing structures and assessed financial comparison of alternative project concepts. The client used Loyd’s plan to secure business partners and investors.

As a consultant Project Manager for an independent U.S. refiner, Loyd lead a team to develop a petrochemical industry outlook, assessing the client’s capabilities in petrochemicals and identifying potential petrochemical strategies. The team then prioritized each strategic option based on financial merits, aligning them with the client’s capabilities, their overall strategies and implementation risk tolerance. In his role as consultant Project Manager, Loyd led teams to identify and prioritize acquisition targets for a U.S. electric utility. The teams prepared a business plan and financial model to evaluate a $250 million acquisition of a major oil company.

Loyd consulted for an international major energy company where he developed their basic chemicals business strategy. He identified potential growth strategies and characterized financial attractiveness, risk and implementation alternatives for each option studied.

Loyd holds degrees in chemical engineering from Vanderbilt University and an MBA from Rice University. Prior to joining APS Loyd held positions with Interox America, Shell Chemical, Arthur D. Little and Charles River Associates.

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Bruce Malcolm

Bruce Malcolm brings over thirty-five years of oil and gas industry experience and is his expertise covers floating production vessel, jack-up, semi-submersible design and construction.

Mr. Malcolm is a Principal with Alpha Petroleum Services having over thirty-five years of experience with thirty years in the offshore oil and gas industry. His experience includes management, construction, technical operations, quality management, human resources, legal, marketing and financial supervision. He has managed projects including floating production vessel design, jack-up design, semi-submersible design, and numerous shipyard construction, repair and upgrade projects. A few highlights of Bruce’s extensive experience include:

Manager Marine Engineering, EDG, Inc., a consulting engineering company providing technical services to the offshore oil and gas industry. Principal designer of the Proteus, a deepwater, cost effective, triangular, column stabilized floating production vessel.

President of Friede & Goldman, Ltd., New Orleans, Louisiana and Houston, Texas. Supervised a staff of technical personnel in the development of new designs to support the oil and gas business. Conceived the design of the Centurion MVP, a cost effective floating gas production facility for deep water. Developed a unique assembly method for the Millennium CS that allows major portions of a column stabilized unit to be constructed outside the Caspian Sea, shipped into and assembled in the Caspian Sea. Supervised the design of a high specification, low cost drill ship for exploration drilling. All projects included the development of shipyard construction specifications and shipyard bid quality drawings.

Operations & Technical Director for Dolphin Drilling, Ltd., Aberdeen, Scotland. Responsible for operations, engineering, purchasing, IT and maintenance. Operations conducted in the UK sector of the North Sea and in Southeast Asia. Also implemented a Total Quality Safety Management (TQSM) program beginning at the end of 1993 that resulted in a reduction in lost time injuries. Approved annual budgets forecasting revenues, operating expenses and capital expenditures and monitored actual results monthly. Supervised preparation of shipyard specifications and design drawings for the upgrade of the Borgsten Dolphin semi-submersible.

President of Transworld Drilling Companies, an operating subsidiary of Kerr McGee, with responsibility for domestic and international contract drilling operations, marketing, engineering and finance. Responsible for the profitable operation of a worldwide fleet of 18 offshore drilling units. Served as Engineering Manager several years prior to becoming President.

Prior to becoming an associate with Alpha Petroleum Services, Mr. Malcolm consulted directly to the international oil and gas industry offering management and engineering technical services and providing creative solutions for floating production systems for both shallow and deep-water locations. He graduated with a degree in B.Sc., Aerospace Engineering, University of Michigan and completed graduate work in Engineering Mechanics at the University of Missouri – Rolla.

pngwing.com 34

Bud McGuire

Bud McGuire brings over forty years of oil and gas industry experience to APS and is considered an industry expert in production engineering, well design, drilling and completion operations.

Mr. McGuire is a Principal in Alpha Petroleum Services having over forty years of experience in the oil and gas industry. His basic background was developed over fifteen years with Conoco in production engineering, research (where he did some of the original work on superfrac) and drilling, in Dubai and the UK where he managed drilling operations for Conoco’s Murchison Field Development. Highlights of Bud’s career reflect a wide range of assignments within multiple companies.

In 1981, Bud became VP Operations for Hamilton Oil Corp in Aberdeen, and took Hamilton’s North Sea operations from a single field and an occasional one-rig drilling program to seven fields and a five-rig drilling program, reducing opex and improving drilling performance in the process.

In 1991, Bud joined Kerr McGee as VP Production Operations, Gulf of Mexico Region, KM’s largest E&P operation. Again, Bud made significant improvements to profitability, reducing operating cost, eliminating unnecessary levels of supervision, and managing several small field developments.

In 1992, KM had a North Sea project that appeared non-commercial despite having drilled multiple appraisal wells to define it. Bud was given the task of finding a way to economically develop the field. The result was the first application of FPSO technology in the North Sea (Gryphon Field) and the project was brought on stream only ten months after Annex B (government) approval. Bud subsequently became KM’s Sr. VP Production with responsibility for worldwide operations.

In 1997 Bud joined Enron Oil & Gas International as Vice President Operations. His brief included emphasis on drilling operations and field development concepts. Under Bud’s leadership, drill times in EOGI’s India operations were halved. He also put together teams for drilling operations in China, Venezuela, and Trinidad.

Mariner Energy approached Bud in 1998 to establish a deepwater operating capability in the Gulf of Mexico. He cut Mariner’s drilling costs in half and established a team that turned in excellent performance on ten deepwater drill wells and six deepwater completions. Bud also served on Mariner’s Board of Directors and assisted efforts to take the company public.

In 2002 he formed Alpha Petroleum Services with C. C. Stewart. While Bud’s forte is in drilling operations he has broad skills that have demonstrated his ability to manage at all levels. Bud grew up in West Texas and attended LeTourneau University where he now serves on the Board of Trustees. Bud is also active in his church.

pngwing.com 34

Loyd Hayton

Loyd Hayton brings over twenty-five years of oil and gas industry experience to APS and his expertise covers strategic development, contracts, economic evaluation, cost control and logistics management.

Loyd is an Associate with Alpha Petroleum Services having over twenty-five years’ experience in the energy and chemical industries. For the majority of his career Loyd has worked with client teams as a management consultant to identify and implement profitable business solutions in the areas of strategic development, business creation and process management. Loyd’s wide ranging responsibilities within APS include contract negotiation, contract administration, cost control, economic evaluation and logistics management. Highlights of Loyd’s experience include:

On a $430 million offshore development for an Australian independent oil company, Loyd managed the commercial and administrative aspects of all equipment and service contracts. He developed procedures for contract administration, invoice processing, cost control and reporting and implemented these procedures with client management and accounting personnel. In addition, Loyd developed the project economic model and performed economic analysis in support of joint venture partners’ project sanction decision.

For multiple independent oil companies Loyd performed scoping studies to identify the preferred field development approach. For each development alternative, Loyd obtained budgetary quotes and schedule estimates from vendors, using this data to identify the optimal development scenario. Loyd produced management level reports for each study, for use by the clients to support their project investment decisions.

In his consultation with a Latin American National Oil Company, Loyd developed a business plan to cover a US$2 billion petrochemical complex. The business plan identified attractive market and product opportunities, defined preferred ownership and financing structures and assessed financial comparison of alternative project concepts. The client used Loyd’s plan to secure business partners and investors.

As a consultant Project Manager for an independent U.S. refiner, Loyd lead a team to develop a petrochemical industry outlook, assessing the client’s capabilities in petrochemicals and identifying potential petrochemical strategies. The team then prioritized each strategic option based on financial merits, aligning them with the client’s capabilities, their overall strategies and implementation risk tolerance. In his role as consultant Project Manager, Loyd led teams to identify and prioritize acquisition targets for a U.S. electric utility. The teams prepared a business plan and financial model to evaluate a $250 million acquisition of a major oil company.

Loyd consulted for an international major energy company where he developed their basic chemicals business strategy. He identified potential growth strategies and characterized financial attractiveness, risk and implementation alternatives for each option studied.

Loyd holds degrees in chemical engineering from Vanderbilt University and an MBA from Rice University. Prior to joining APS Loyd held positions with Interox America, Shell Chemical, Arthur D. Little and Charles River Associates.

pngwing.com 34

Bruce Malcolm

Bruce Malcolm brings over thirty-five years of oil and gas industry experience and is his expertise covers floating production vessel, jack-up, semi-submersible design and construction.

Mr. Malcolm is a Principal with Alpha Petroleum Services having over thirty-five years of experience with thirty years in the offshore oil and gas industry. His experience includes management, construction, technical operations, quality management, human resources, legal, marketing and financial supervision. He has managed projects including floating production vessel design, jack-up design, semi-submersible design, and numerous shipyard construction, repair and upgrade projects. A few highlights of Bruce’s extensive experience include:

Manager Marine Engineering, EDG, Inc., a consulting engineering company providing technical services to the offshore oil and gas industry. Principal designer of the Proteus, a deepwater, cost effective, triangular, column stabilized floating production vessel.

President of Friede & Goldman, Ltd., New Orleans, Louisiana and Houston, Texas. Supervised a staff of technical personnel in the development of new designs to support the oil and gas business. Conceived the design of the Centurion MVP, a cost effective floating gas production facility for deep water. Developed a unique assembly method for the Millennium CS that allows major portions of a column stabilized unit to be constructed outside the Caspian Sea, shipped into and assembled in the Caspian Sea. Supervised the design of a high specification, low cost drill ship for exploration drilling. All projects included the development of shipyard construction specifications and shipyard bid quality drawings.

Operations & Technical Director for Dolphin Drilling, Ltd., Aberdeen, Scotland. Responsible for operations, engineering, purchasing, IT and maintenance. Operations conducted in the UK sector of the North Sea and in Southeast Asia. Also implemented a Total Quality Safety Management (TQSM) program beginning at the end of 1993 that resulted in a reduction in lost time injuries. Approved annual budgets forecasting revenues, operating expenses and capital expenditures and monitored actual results monthly. Supervised preparation of shipyard specifications and design drawings for the upgrade of the Borgsten Dolphin semi-submersible.

President of Transworld Drilling Companies, an operating subsidiary of Kerr McGee, with responsibility for domestic and international contract drilling operations, marketing, engineering and finance. Responsible for the profitable operation of a worldwide fleet of 18 offshore drilling units. Served as Engineering Manager several years prior to becoming President.

Prior to becoming an associate with Alpha Petroleum Services, Mr. Malcolm consulted directly to the international oil and gas industry offering management and engineering technical services and providing creative solutions for floating production systems for both shallow and deep-water locations. He graduated with a degree in B.Sc., Aerospace Engineering, University of Michigan and completed graduate work in Engineering Mechanics at the University of Missouri – Rolla.

pngwing.com 34

Bud McGuire

Bud McGuire brings over forty years of oil and gas industry experience to APS and is considered an industry expert in production engineering, well design, drilling and completion operations.

Mr. McGuire is a Principal in Alpha Petroleum Services having over forty years of experience in the oil and gas industry. His basic background was developed over fifteen years with Conoco in production engineering, research (where he did some of the original work on superfrac) and drilling, in Dubai and the UK where he managed drilling operations for Conoco’s Murchison Field Development. Highlights of Bud’s career reflect a wide range of assignments within multiple companies.

In 1981, Bud became VP Operations for Hamilton Oil Corp in Aberdeen, and took Hamilton’s North Sea operations from a single field and an occasional one-rig drilling program to seven fields and a five-rig drilling program, reducing opex and improving drilling performance in the process.

In 1991, Bud joined Kerr McGee as VP Production Operations, Gulf of Mexico Region, KM’s largest E&P operation. Again, Bud made significant improvements to profitability, reducing operating cost, eliminating unnecessary levels of supervision, and managing several small field developments.

In 1992, KM had a North Sea project that appeared non-commercial despite having drilled multiple appraisal wells to define it. Bud was given the task of finding a way to economically develop the field. The result was the first application of FPSO technology in the North Sea (Gryphon Field) and the project was brought on stream only ten months after Annex B (government) approval. Bud subsequently became KM’s Sr. VP Production with responsibility for worldwide operations.

In 1997 Bud joined Enron Oil & Gas International as Vice President Operations. His brief included emphasis on drilling operations and field development concepts. Under Bud’s leadership, drill times in EOGI’s India operations were halved. He also put together teams for drilling operations in China, Venezuela, and Trinidad.

Mariner Energy approached Bud in 1998 to establish a deepwater operating capability in the Gulf of Mexico. He cut Mariner’s drilling costs in half and established a team that turned in excellent performance on ten deepwater drill wells and six deepwater completions. Bud also served on Mariner’s Board of Directors and assisted efforts to take the company public.

In 2002 he formed Alpha Petroleum Services with C. C. Stewart. While Bud’s forte is in drilling operations he has broad skills that have demonstrated his ability to manage at all levels. Bud grew up in West Texas and attended LeTourneau University where he now serves on the Board of Trustees. Bud is also active in his church.

pngwing.com 34

Paul Yan Shaw

Paul Yan Shaw brings over twenty-five years of oil and gas industry experience to APS and his expertise covers engineering, umbilicals, controls, hardware, installation and commissioning with over 150 offshore trips.

Paul is an Associate with Alpha Deepwater Services having over twenty-five years’ experience in the oil and gas industry. Paul currently fulfils the role of Subsea Projects Manager for all APS developments, responsible for project management and technical oversight of all subsea facilities covering trees, umbilicals, subsea control systems, gas lift systems and installation, from concept through to de-commissioning. Paul’s offshore installation experience covers more than 150 separate trips and remains the only individual to have worked directly for three of the world’s five main umbilical companies. Paul’s oil and gas industry experience includes a broad variety of activities:

In 2005 Paul joined APS as possibly the most experienced and versatile controls/umbilicals specialist in the industry. A recent example of this versatility had Paul and a very compact APS team directly responsible for design, engineering, procurement, manufacturing, testing and installation oversight of a groundbreaking subsea tieback offshore New Zealand. Paul managed a total of eight contracts (manifold, connector, umbilical, gas-lift, EFL, HFL, 3rd party verification and subsea controls) in addition to providing contract support and installation technical components of the project. With two supporting APS Lead Engineers the team managed almost $30-million of contracts and more than 100 engineering and manufacturing personnel. The team delivered and helped install a full single well subsea development for under $50-million (hardware and installation). All hardware contracts were executed on-time and within agreed budgets.

Before joining APS in 2005 Paul was the Technical and Commercial Manager for Kvaerner Oilfield Products (now Aker Solutions). He provided the technical, commercial and client interface focal point for the company’s umbilical business stream, plus technical oversight of several Gulf of Mexico projects.

From 2000 through 2003 Paul worked with INTEC Engineering in Houston as a Senior Engineering Specialist. His subsea knowledge expanded with sole responsibility as the client engineer for the design, manufacture, assembly, testing and installation of 135-miles (218-km) of umbilicals and associated control system hardware.

Paul worked with Nexans in Norway as a Lead Project Engineer (1995-99) before moving to Houston as Nexans first full time technical presence in the USA. Prior to this Paul held various positions with DUCO in Newcastle, UK (1991-95) which included more than 100 separate offshore visits.

From 1986-1991 Paul served in England’s Royal Navy as a Weapons Engineer completing a technical and practical education in electrical and mechanical engineering. Out of 86 entrants Paul was one of only thirteen graduates to successfully meet the Royal Navy’s strict physical and education requirements.

Although originally from the UK, Paul became U.S. citizen in 2017. He is widely traveled, and his leadership skills are broadly recognized amongst his peers. Paul and his family make their home in Houston and are active members of Lakewood Church.

pngwing.com 34

Randy Stewart

Randy Stewart brings over forty years of oil and gas industry experience to APS and his expertise covers field development, project management, operations management, planning and asset evaluation.

Mr. Stewart is a Principal with Alpha Petroleum Services having over forty years of experience in the oil and gas industry. Randy has worked with major, mid-size, and small independent operating companies, primarily in economics, planning, and engineering/line management positions.

Prior to forming Alpha Petroleum Services with L.V. McGuire in 2002, he was Group Vice-President with Kerr McGee, reporting to the CEO and responsible for K-M’s worldwide production operations, refining and marketing, and the K-M Coal Corp subsidiary. Experience within the oil and gas industry includes a broad variety of activities:

Randy spent 18 years with Exxon (initially with Humble Oil & Refining), working engineering positions in production and reservoir engineering in the East Texas, Mid Continent and South Texas Divisions, followed by operations and engineering management assignments. He was Exxon’s Western Division Production Engineer responsible for the Prudhoe Bay facilities development, the Mid-Continent Division Operations Manager in charge of the Sheep Mountain CO2 development project and the Means Field re-Drill project, and Esso Expro Operations Manager in the North Sea responsible for the Fulmar and North Cormorant field developments, and the Shell-Esso Joint Underwater Development Team. He also served in London as Esso Europe’s Corporate Planning Manager during 1980-81.

He left Exxon to become Vice-President of Production for Hamilton Oil Corporation in Denver, subsequently returning to the North Sea to serve as Sr. VP-Technical where he led Hamilton’s efforts in unitization of the Bruce gas condensate field, chaired the Ravenspurn Operating Committee, and managed Hamilton’s field development activities and their Economics and Planning Group.

In 1990, he joined Kerr McGee Corp as Sr. Vice-President of Production responsible for worldwide production activities. In 1993, he added management of K-M Coal Corp and K-M’s refining and marketing activities to his portfolio.

Over his career, Randy has managed directly, or furnished oversight of project management teams that developed fields ranging from marginal to world-class in size. His skill set is strong in planning and economic evaluation, but he also has led negotiating efforts with other operators and governments, and has managed efforts to secure regulatory/governmental approvals. He also has managed large (1,000+) production organizations. He is adept at solving unstructured problems.

Randy grew up in Arkansas, USA and attended the University of Arkansas on an athletic scholarship where he graduated summa cum laude with a degree in mechanical engineering and was named Academic All-American and an All-Southwest Conference footballer.

pngwing.com 34

Paul Yan Shaw

Paul Yan Shaw brings over twenty-five years of oil and gas industry experience to APS and his expertise covers engineering, umbilicals, controls, hardware, installation and commissioning with over 150 offshore trips.

Paul is an Associate with Alpha Deepwater Services having over twenty-five years’ experience in the oil and gas industry. Paul currently fulfils the role of Subsea Projects Manager for all APS developments, responsible for project management and technical oversight of all subsea facilities covering trees, umbilicals, subsea control systems, gas lift systems and installation, from concept through to de-commissioning. Paul’s offshore installation experience covers more than 150 separate trips and remains the only individual to have worked directly for three of the world’s five main umbilical companies. Paul’s oil and gas industry experience includes a broad variety of activities:

In 2005 Paul joined APS as possibly the most experienced and versatile controls/umbilicals specialist in the industry. A recent example of this versatility had Paul and a very compact APS team directly responsible for design, engineering, procurement, manufacturing, testing and installation oversight of a groundbreaking subsea tieback offshore New Zealand. Paul managed a total of eight contracts (manifold, connector, umbilical, gas-lift, EFL, HFL, 3rd party verification and subsea controls) in addition to providing contract support and installation technical components of the project. With two supporting APS Lead Engineers the team managed almost $30-million of contracts and more than 100 engineering and manufacturing personnel. The team delivered and helped install a full single well subsea development for under $50-million (hardware and installation). All hardware contracts were executed on-time and within agreed budgets.

Before joining APS in 2005 Paul was the Technical and Commercial Manager for Kvaerner Oilfield Products (now Aker Solutions). He provided the technical, commercial and client interface focal point for the company’s umbilical business stream, plus technical oversight of several Gulf of Mexico projects.

From 2000 through 2003 Paul worked with INTEC Engineering in Houston as a Senior Engineering Specialist. His subsea knowledge expanded with sole responsibility as the client engineer for the design, manufacture, assembly, testing and installation of 135-miles (218-km) of umbilicals and associated control system hardware.

Paul worked with Nexans in Norway as a Lead Project Engineer (1995-99) before moving to Houston as Nexans first full time technical presence in the USA. Prior to this Paul held various positions with DUCO in Newcastle, UK (1991-95) which included more than 100 separate offshore visits.

From 1986-1991 Paul served in England’s Royal Navy as a Weapons Engineer completing a technical and practical education in electrical and mechanical engineering. Out of 86 entrants Paul was one of only thirteen graduates to successfully meet the Royal Navy’s strict physical and education requirements.

Although originally from the UK, Paul became U.S. citizen in 2017. He is widely traveled, and his leadership skills are broadly recognized amongst his peers. Paul and his family make their home in Houston and are active members of Lakewood Church.

pngwing.com 34

Randy Stewart

Randy Stewart brings over forty years of oil and gas industry experience to APS and his expertise covers field development, project management, operations management, planning and asset evaluation.

Mr. Stewart is a Principal with Alpha Petroleum Services having over forty years of experience in the oil and gas industry. Randy has worked with major, mid-size, and small independent operating companies, primarily in economics, planning, and engineering/line management positions.

Prior to forming Alpha Petroleum Services with L.V. McGuire in 2002, he was Group Vice-President with Kerr McGee, reporting to the CEO and responsible for K-M’s worldwide production operations, refining and marketing, and the K-M Coal Corp subsidiary. Experience within the oil and gas industry includes a broad variety of activities:

Randy spent 18 years with Exxon (initially with Humble Oil & Refining), working engineering positions in production and reservoir engineering in the East Texas, Mid Continent and South Texas Divisions, followed by operations and engineering management assignments. He was Exxon’s Western Division Production Engineer responsible for the Prudhoe Bay facilities development, the Mid-Continent Division Operations Manager in charge of the Sheep Mountain CO2 development project and the Means Field re-Drill project, and Esso Expro Operations Manager in the North Sea responsible for the Fulmar and North Cormorant field developments, and the Shell-Esso Joint Underwater Development Team. He also served in London as Esso Europe’s Corporate Planning Manager during 1980-81.

He left Exxon to become Vice-President of Production for Hamilton Oil Corporation in Denver, subsequently returning to the North Sea to serve as Sr. VP-Technical where he led Hamilton’s efforts in unitization of the Bruce gas condensate field, chaired the Ravenspurn Operating Committee, and managed Hamilton’s field development activities and their Economics and Planning Group.

In 1990, he joined Kerr McGee Corp as Sr. Vice-President of Production responsible for worldwide production activities. In 1993, he added management of K-M Coal Corp and K-M’s refining and marketing activities to his portfolio.

Over his career, Randy has managed directly, or furnished oversight of project management teams that developed fields ranging from marginal to world-class in size. His skill set is strong in planning and economic evaluation, but he also has led negotiating efforts with other operators and governments, and has managed efforts to secure regulatory/governmental approvals. He also has managed large (1,000+) production organizations. He is adept at solving unstructured problems.

Randy grew up in Arkansas, USA and attended the University of Arkansas on an athletic scholarship where he graduated summa cum laude with a degree in mechanical engineering and was named Academic All-American and an All-Southwest Conference footballer.

corey collins jKv4 6zXUBw unsplash

Loyd Hayton

Loyd Hayton brings over twenty-five years of oil and gas industry experience to APS and his expertise covers strategic development, contracts, economic evaluation, cost control and logistics management.

Loyd is an Associate with Alpha Petroleum Services having over twenty-five years’ experience in
the energy and chemical industries. For the majority of his career Loyd has worked with client
teams as a management consultant to identify and implement profitable business solutions in the
areas of strategic development, business creation and process management. Loyd’s wide ranging
responsibilities within APS include contract negotiation, contract administration, cost control,
economic evaluation and logistics management. Highlights of Loyd’s experience include:
 On a $430 million offshore development for an Australian independent oil company, Loyd
managed the commercial and administrative aspects of all equipment and service contracts.
He developed procedures for contract administration, invoice processing, cost control and
reporting and implemented these procedures with client management and accounting
personnel. In addition, Loyd developed the project economic model and performed economic
analysis in support of joint venture partners’ project sanction decision.
 For multiple independent oil companies Loyd performed scoping studies to identify the
preferred field development approach. For each development alternative, Loyd obtained
budgetary quotes and schedule estimates from vendors, using this data to identify the optimal
development scenario. Loyd produced management level reports for each study, for use by the
clients to support their project investment decisions.
 In his consultation with a Latin American National Oil Company, Loyd developed a business
plan to cover a US$2 billion petrochemical complex. The business plan identified attractive
market and product opportunities, defined preferred ownership and financing structures and
assessed financial comparison of alternative project concepts. The client used Loyd’s plan to
secure business partners and investors.
 As a consultant Project Manager for an independent U.S. refiner, Loyd lead a team to develop
a petrochemical industry outlook, assessing the client’s capabilities in petrochemicals and
identifying potential petrochemical strategies. The team then prioritized each strategic option
based on financial merits, aligning them with the client’s capabilities, their overall strategies
and implementation risk tolerance.
 In his role as consultant Project Manager, Loyd led teams to identify and prioritize acquisition
targets for a U.S. electric utility. The teams prepared a business plan and financial model to
evaluate a $250 million acquisition of a major oil company.
 Loyd consulted for an international major energy company where he developed their basic
chemicals business strategy. He identified potential growth strategies and characterized
financial attractiveness, risk and implementation alternatives for each option studied.
Loyd holds degrees in chemical engineering from Vanderbilt University and an MBA from Rice
University. Prior to joining APS Loyd held positions with Interox America, Shell Chemical,
Arthur D. Little and Charles River Associates.

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