Exterra Energy announced that Todd R. Royal has become the new Chief Executive Officer and President of the company. He replaces Robert Royal as CEO who will remain Chairman of the company.
Todd R. Royal was elected Director and Vice President of I.G.E. in 1990. Mr. Royal served as an officer with I.G.E. for 10 years. Mr. Royal helped establish ROYALCO Oil & Gas Corporation in 1995. He served as an Officer and Director from 1995 until 2009. Mr. Royal has also worked with start-up companies from 1997 until 2007, while carrying out his duties of President of ROYALCO Oil & Gas Corporation. He was instrumental in helping three startup companies take their companies public.
Mr. Royal is a 1994 Texas Tech University Graduate with a Bachelor of Science degree.
Mr. Todd Royal commented, "With over fifty years of combined experience in the oil & gas industry, Robert and I have laid the foundation for Exterra Energy in becoming a highly successful oil and gas company with interests in the Permian Basin and Barnett Shale areas of Texas."
Commenting further, Mr. Todd Royal, said, "Now that The Company has a solid foundation, it is time to build upon that foundation and increase our interests in the Permian Basin and Barnett Shale areas of Texas. In doing so, The company will increase shareholder value which is management's main focus."
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