Ivar Siem is the Chairman of American Resources, Inc. and a Managing Partner of Norexas, LLC. Mr. Siem served as Chairman and Chief Executive Officer of American Resources, Inc. from 2013 through July 2017.
Mr. Siem has broad experience from both the upstream and the service segments of the oil and gas industry. He has been the founder of several companies and involved in several roll-ups and restructuring processes throughout his career.
From 1990 to 2014 Mr. Siem served as Chairman of Blue Dolphin Energy Company (BDCO). Mr. Siem headed an investment group that acquired controlling interest in Blue Dolphin when it emerged from bankruptcy, replaced management, restructured and retired $12 million in debt, and rationalized the portfolio. In 2012 BDCO merged with a single purpose company which owned the Nixon refinery.
In 1999 Mr. Siem acquired a small distressed public company, American Resources Offshore, Inc. and worked with creditors and existing management to achieve a voluntary reorganization.
From 1995 to 2000 Mr. Siem served as Chairman and interim CEO of DI Industries/Grey Wolf Drilling while restructuring the company financially and operationally. Through several mergers and acquisitions, the company emerged as one of the leading land drilling contractors. The company was subsequently (2008) acquired by Precision Drilling.
From 1996 to 1997 Mr. Siem served as Chairman and CEO of Seateam Technology ASA. Prior to Seateam, Mr. Siem held various executive roles at multiple E&P and oil field service companies. Mr. Siem started his career at Amoco working as an engineer in various segments of upstream operations.
Mr. Siem is currently on the Board of Directors at Siem Industries, Inc., Siem WIS, Frupor SA, and the Drillmar Energy Group and has served on the board of several privately held and publicly traded companies including Avenir, ASA and DSND ASA. Siem Industries is a holding company which invests in shipping and offshore oil and gas construction services. Siem WIS is an indirect subsidiary of Siem Industries and is developing safety devices for drilling challenging wells. Frupor SA, is a Portuguese agricultural business, which Mr. Siem cofounded with his brother O. M. Siem in 1988.
Mr. Siem holds a Bachelor of Science in Mechanical Engineering with a minor in Petroleum from the University of California, Berkeley and an Executive MBA from the Amos Tuck School of Business, Dartmouth University.
J. Douglas Schick
J. Douglas Schick is the Chief Executive Officer at American Resources, Inc. (ARI) and a Managing Partner of Norexas, LLC and American Resources Fund I, LLC. Mr. Schick served as the Chief Financial Officer & Vice President of Business Development of American Resources, Inc. from 2013 through July 2017.
Prior to ARI, Mr. Schick worked for Drillmar Energy, Inc. (ARI’s predecessor) as a consultant managing the company’s M&A and business development functions through his personal Energy Consulting, Advisory and Merchant Banking business, J. Douglas Enterprises, LLC. Through J. Douglas Enterprises, Mr. Schick consulted and advised numerous E&P companies, oil field service companies and a public bio-fuel company on corporate finance matters, financings, valuations, business development and other general start-up related issues.
Prior to starting J. Douglas Enterprises in June 2011, Mr. Schick was Vice President of Finance for Highland Oil and Gas, a private equity backed E&P company that was sold in May 2011. In this role Mr. Schick was responsible for all finance, planning, treasury, and oil and gas marketing activities as well as coordination of the sale.
Mr. Schick served as Director of Planning for Mariner Energy, Inc. from 2006 until its sale to Apache Corp in 2010. In this role Mr. Schick created the planning department following the 2006 IPO and was responsible for all planning activities as well as management of Mariner’s capital program and partial responsibility for the treasury department (capital markets, rating agencies), investor relations and M&A.
From 1998 to 2006 Mr. Schick worked in various roles of increasing responsibility in planning, finance, M&A, treasury and accounting at The Houston Exploration Company, ConocoPhillips and Shell.
Mr. Schick currently serves on the Board of Directors at Rockdale Marcellus, LLC.
Mr. Schick holds a BBA in Finance from New Mexico State University and an MBA with a specialization in Finance from Tulane University.
D. Troy Vickers
Mr. D. Troy Vickers is the Chief Operating Officer of American Resources, Inc. (ARI). He has 37 years of experience in numerous energy related activities. His experience includes various oil and gas refining, exploration and production and alternative energy operations. His major areas of experience and expertise include: onshore and offshore production operations, all phases of drilling, engineering design, field operations, management, remediation, strategic and business planning, environmental and safety regulatory monitoring and integration of HSSE into daily operations and projects.
In 2010, Mr. Vickers started D. Troy Vickers, PE as a consulting firm that evolved when Mr. Vickers founded and served as President of VOGEHS Consulting, Inc. which provided engineering, environmental, health and safety services to the energy sector. Prior to joining ARI Mr. Vickers provided consulting services to the company, managing daily operations, providing asset management and delineating operational strategy.
Mr. Vickers was the Director, EHSS for C&J Energy Services where his responsibilities included HSE, DOT, Fleet Management and Security for C&J. Prior to C&J, Mr. Vickers was the Director of the Oil and Gas Sector for Shaw Environmental and Infrastructure, Inc., a division of The Shaw Group.
From 1999 to 2010, Mr. Vickers worked in various capacities at BP, including the Mad Dog and Thunder Horse projects. Prior to BP, from 1977 to 1999 while at Amoco, Mr. Vickers held various roles of increasing responsibility including production engineering, reservoir engineering and reporting, drilling engineering, drilling foreman, production foreman, HSSE advisor and manager, and Deputy Director of Regulatory Affairs for Amoco Corporation.
A graduate of Mississippi State University in Civil Engineering, he is a Registered Professional Engineer, licensed in 6 states, including Texas and is a Certified Environmental and Safety Compliance Officer. He is a member of the ASSE.
Clayton J. Riddle
Clayton Riddle is the Vice President of Development at American Resources, Inc. Mr. Riddle has extensive engineering experience as a reservoir, completions, and production engineer in: conventional and unconventional reservoirs, vertical and horizontal wells, primary and secondary recovery programs. He has a strong technical background with a proven track record of success in the exploitation of underdeveloped oil and gas assets throughout the continental U.S.
Mr. Riddle most recently served as Development and Production Engineer at Sheridan Production from 2013 – 2017. At Sheridan, he was responsible for technical engineering work, production and workover operations, risk management, and financial modeling at the well, field, and asset level. He was highly involved in the identification, development, and execution of the San Andres horizontal drilling program, vertical drilling programs, recompletion programs, and waterflood secondary recovery programs in more than two dozen reservoirs across the Permian Basin, East Texas, Powder River Basin, and Oklahoma.
Mr. Riddle began his career at Halliburton as a Production Enhancement Field Engineer in the DJ Basin. He earned his B.S. degree in Petroleum Engineering from Texas A&M University and is a member of SPE.