Patrick J. Blough Appointed Vice President, Upstream Business Development for Texaco Worldwide Exploration and Production.Business Editors & Energy Writers WHITE PLAINS, N.Y.--(BUSINESS WIRE)--May 22, 2000 Patrick J. Blough has been appointed Vice President, Upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger Business Development for Texaco Worldwide Exploration and Production, effective immediately, it was announced today by John E. Bethancourt, Vice President of Texaco and President of Worldwide Production Operations. In his new assignment, Blough will be responsible for acquiring and divesting producing properties, as well as interfacing with the other worldwide upstream business units to support all transactional activities associated with portfolio management. Additionally, Blough will work with the Corporate Development team to assess corporate-level merger and acquisition activities. Commenting on the announcement, Bethancourt said, "A key element of Texaco's continued upstream success is our ability to meet our two major Upstream goals: grow the resource base with value-added production increases and improve capital efficiency. Under Pat's able leadership, our business development team will aggressively seek out, assess and capture those opportunities that provide a strategic fit with our overall upstream business plans." Blough was graduated from Pennsylvania State University Pennsylvania State University, main campus at University Park, State College; land-grant and state supported; coeducational; chartered 1855, opened 1859 as Farmers' High School. in 1979 with a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in petroleum engineering. He joined Getty Oil Getty Oil is an oil company founded by J. Paul Getty. In 1984, Texaco bought Getty Oil. On November 19, 1985, Pennzoil won a US$10.53 billion verdict from Texaco in the largest civil verdict in US history. Company that same year in Ventura, Calif. After holding positions of increasing responsibility with Getty and Texaco, he was appointed Financial Planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and Evaluations Manager in Bakersfield, Calif., in 1989. In 1990 he was named Senior Petroleum Engineer in TEPI TEPI Training Equipment Planning Information and relocated re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. to Houston. Blough was appointed Senior Coordinator in the Middle East/Far East Division in 1992 and relocated to Harrison, N.Y. In 1993, he became Yetagun Project Manager, and in 1997, he relocated to Houston as Myanmar Commercial Manager. In 1998, he moved to Denver as Director of Upstream Business Development, West Region United States/Canada, the position he held until this most recent appointment. Blough succeeds John Bethancourt who was recently appointed President of Texaco's Worldwide Production Operations. |
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