New Western Energy Corp. (OTCBB: NWTR) announced the appointment of oil and gas industry veteran Terry L. Carroll to the company's board of directors.
Carroll currently serves as the operating manager for Carroll Energy LLC, a privately-owned Kansas limited liability company engaged in the exploration and development of coalbed methane gas in Kansas and Oklahoma.
Prior to founding Carroll Energy in 2001, Carroll served as president, CEO, and chief financial officer of a publicly traded oil and gas company. During his six-year tenure between 1990-96, Carroll stewarded the growth of the company from assets of approximately $4 million to over $14 million, while leading the company's up-listing from an over-the-counter exchange to the NASDAQ exchange.
Carroll founded Argas Inc., a privately-owned oil field development and operating company, which participated in the drilling of more than 100 oil and gas wells, and the operation of eight natural gas gathering systems. Argas Inc. also served as an operator for several public companies, limited partnerships, and private investors.
From 1984 to 1994, Carroll worked at T.L. Carroll Enterprises Inc., a privately owned exploration, development and oil field service company that provided geological evaluation, turnkey drilling and pipeline construction services to oil field producers in Kansas and Oklahoma. T. L. Carroll Enterprises Inc. drilled over 750 oil and gas wells and constructed seven separate natural gas gathering systems, encompassing over 80 miles of natural gas pipeline.
From 1981-86, Carroll worked at Windgate Oil Inc., a company he founded, engaged in the exploration and development of oil and gas properties, which served as the general partner for the drilling and completion of more than 75 oil and gas wells.
Carroll holds a bachelor of science degree in business administration and finance from California State University, Hayward.