Possessing a degree in business administration from Texas Tech University, Larry Koonce has almost two decades of experience in the oil and gas industry. Building on that experience, Larry M. Koonce serves as the president and CEO of North American Drilling Corporation (NADC), which he also founded.
Established in 2006, the Plano, Texas-based NADC maintains natural gas and oil operations in areas across the state and is exploring for well sites up to 10,000 feet in depth. Licensed as an independent producer of oil and gas by the State of Texas Railroad commission, NADC is also a member of the Texas Alliance of Energy Producers and the Wildcatters Club.
To best serve the industry and its investors, it is active in every step of the prospecting and production process. A full-service corporation, NADC uses two- and three-dimensional seismic technology to scout for prospective drilling locations, obtains the necessary funding and mineral leases for each project, and sells the product. For investors, the company also sends out monthly revenue checks and handles tax preparation for each venture, in addition to executing regular reporting activities.
Established in 2006, the Plano, Texas-based NADC maintains natural gas and oil operations in areas across the state and is exploring for well sites up to 10,000 feet in depth. Licensed as an independent producer of oil and gas by the State of Texas Railroad commission, NADC is also a member of the Texas Alliance of Energy Producers and the Wildcatters Club.
To best serve the industry and its investors, it is active in every step of the prospecting and production process. A full-service corporation, NADC uses two- and three-dimensional seismic technology to scout for prospective drilling locations, obtains the necessary funding and mineral leases for each project, and sells the product. For investors, the company also sends out monthly revenue checks and handles tax preparation for each venture, in addition to executing regular reporting activities.