Energy Consultant Gas Producers

Fred A. Steele

*** ********** ***** **** *** Concord, Ohio 43762

(C) 336-***-**** **************@*****.***

PROFESSIONAL SUMMARY

Senior level executive with 40 years of experience working in national and regional corporations specializing in the energy sector.

Critical thinking and analytical decision maker with extensive experience in leading companies regulated by federal and state utility commissions.

Experience in operative management and strategic planning with impressive track record in improvement of asset utilization and surpassing financial and compliance targets.

Expertise in financial analysis, accessing capital, transaction structuring and reducing gaps between performance and optimum efficiency.

Excellent communicator with focus on team building and customer satisfaction.

PROFESSIONAL EXPERIENCE

Frontier Natural Gas Company – March 2014-Current

President of North Carolina subsidiary of Hearthstone Utilities, Inc.

Serving as the President for one of the fastest growing divisions of Hearthstone. Identified expansion opportunities and new business development for the natural gas distribution system that meet economic feasibility models internally and regulatorily. Providing regulatory testimony before the North Carolina Utility Commission. Developing financial and operational budgets and forecasts for division. Developed natural gas procurement policies. Served as chairman for parent company Environmental, Social, and Governance (ESG) Committee. Profit and Loss Accountability. Member of the Hearthstone Executive Leadership Team presenting in Hearthstone Board of Directors meetings.

Energy Consultant May 2011- January 2014

Assisted natural gas distribution company with the sale of its natural gas assets. Assisted steel fabricating company with the sale of its assets. Worked with energy producers, landowners and service companies in Ohio, West Virginia, and Pennsylvania with finance and accounting related to the development of the Utica and Marcellus Shale formations. Assisted Texas company with the divesture of its Tennessee oil and gas assets.

Select Energy Services, LLC Canonsburg, Pennsylvania September 2010-May 2011

Operations Manager Northeast USA

Oilfield services company providing wellsite solutions to oil and gas producers in the Appalachian Basin. Cultivate and focus on being a solutions provider for upstream and midstream natural gas producing companies. Prepare budget for Northeast Pipeline Division. Assess capital equipment recommendations for capital expenditures. Liaison with senior management and field operations. Manage the daily operations of numerous pipeline construction projects. Oversee the hiring of operational management.

Notable Accomplishments

Launched daily tracking system of revenues and costs for pipeline division projects.

Diversified customer base from one primary to numerous customers.

Upgraded the management team at field supervisory level.

Identified weakness in customer project pricing and implemented new pricing parameters for customers.

Gasco Distribution Systems, Inc., Zanesville, Ohio 1987-2010

President and Chief Executive Officer 1997-2010

Chief Financial Officer 1997-1997

Regulated natural gas distribution company to supply natural gas to retail customers in five states and oil and gas production company formed to produce oil and gas. Annual revenues $18M. Author and review preparation of annual, quarterly, and monthly filings and present reports and testimony to regulatory authorities in Pennsylvania, Ohio, Tennessee, West Virginia, and Kentucky. Assess capital projects made by division managers in each state of operations. Facilitate communication with supplier credit departments and lenders regarding lines of credit. Manage cash position daily and address consumer issues, landowners, taxing authorities, or regulatory commissions. Formed a natural gas marketing company to sell natural gas to large industrial accounts and utilities. Serve as Subject Matter Expert for tariffs and transportation rates.

Increased utility assets worth from $380K to $1.9 M in 13 years.

Developed natural gas assets, purchased for $1.9M and sold for $4.4M in 9 years.

Boosted value of a 500 customer utility by $550K within 7 years.

Career Notes:

1982- 1986 -Formed an accounting firm as a Sole Practitioner. Firm is still active.

1979-1982 – Controller, The Benatty Corporation.

1975-1979 – Staff accountant for oil and gas exploration company.

Details furnished upon request.

EDUCATION, LICENSES, CERTIFICATIONS, MEMBERSHIPS

Bachelor of Science – Accounting

Ohio University, Athens, Ohio

Licensed Certified Public Accountant in Ohio and North Carolina

Sustainability Accounting Standards Board FSA Level I Certification

National Association of Regulatory Utility Commissioners - Rate School

Energy Solutions Center

American Institute of Certified Public Accountants

Ohio Society of Certified Public Accountants

North Carolina Society of Certified Public Accountants

American Gas Association

American Public Gas Association

Southern Gas Association

Carolina Public Gas Association

Mount Airy, North Carolina, Chamber of Commerce Board Member

Elkin Rescue Board Member

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