Since 2001, Loeffler has worked for Encana Oil and Gas, Inc., and was lead member of the Southern Rocky Mountain Exploration Team. Among his many accomplishments while with Encana, his team designed a 1,200 well development program in the Piceance Basin of Colorado, and he supervised the growth of the annual program budget from $4 million to $320 million over a four year period. Loeffler has over 30 years of oil and gas experience, and holds a B.A. in Geology from the University of Minnesota and an M.S. in Geology from the University of North Dakota. He began his professional career in 1977 with Kerr McGee Corporation in Casper, WY and has worked for Exxon Company USA and El Paso/Coastal Corporation.
Pat O'Brien, CEO of American commented, "We are pleased that Peter has decided to join American. Peter's extensive experience and expertise is a valuable addition to our team as we work toward transitioning our existing core projects from the science and research drilling phase into developmental drilling programs. He will also assist and expedite our efforts in moving forward other project areas both within and outside our existing acreage positions where we have identified the potential for additional oil and gas exploration and developmental activities."
American Oil & Gas, Inc. is an independent oil and natural gas company engaged in exploration, development and production of hydrocarbon reserves primarily in the Rocky Mountain region.
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