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Professional Resume’ Of

John M. Martineck

Work Address & Phone:                                                      

Summit Resource Management, Inc.                                        

P. O. Box 797467                                                                                                  

Dallas, TX  75379        

(214) 697-8802 (Direct)

(972) 771-0584 (FAX)

John M. Martineck is the president of Summit Resource Management, Inc. He is a petroleum business manager by background with specific expertise in crude oil marketing, commodities trading, petroleum accounting, financial evaluation, and general management. Mr. Martineck holds a BBA degree in accounting. In his current position with Summit, Mr. Martineck develops and evaluates marketing arrangements and general business management of natural resource operations for locations around the United States. His firm, Summit, has been hired by several state governments and the US Department of the Interior to assist in evaluation of previous crude oil payment practices and to re-write new federal crude oil royalty payment regulations. Mr. Martineck has served as a consultant in over 20 lawsuits involving valuation of crude oil, natural gas, and carbon dioxide from US locations, and his firm is currently recognized as one of the leading experts in natural resource marketing within the United States.

 

Prior Professional Work Experience:

 

12/90-12/93:       ARCO Oil and Gas Company - Central US Crude Oil Marketing Manager

                           Dallas, TX

From December 1990 to December 1993, Mr. Martineck was ARCO Oil and Gas Company’s Crude Oil Marketing Manager for AOGC’s Central District. Mr. Martineck managed a staff of marketing personnel and contract administrators to maximize the value obtained on ARCO Oil and Gas Company’s equity crude oil production in West Texas, New Mexico, Oklahoma, Kansas, and Rocky Mountain states. As a senior-level manager in ARCO’s Marketing Department, Mr. Martineck was part of the senior management team who developed and managed specific goals, strategies, and specific projects to maximize ARCO’s value for oil, gas, and NGL’s. This included regular reviews of ARCO’s overall Marketing Department results and development of ARCO’s price forecasts for oil, gas and NGL’s. Mr. Martineck’s crude oil marketing responsibilities included negotiating the differentials on the buy/sell exchanges, arranging  for transportation to other locations, scheduling of pipeline deliveries, balancing of volumes for buy/sell exchange contracts, and negotiation and execution of final sales arrangements at market centers. Final sales at market centers included execution of NYMEX futures contracts, posting-plus sales, and cash market sales and grade trades. The contract administration functions included maintenance of contract exhibits referencing leases associated with buy/sell exchanges and input of Lease Transaction Memo’s to supply ARCO’s Land and Revenue Accounting systems with the specific terms of each lease contract. Mr. Martineck’s Central District organization handled the crude oil marketing functions for all of ARCO’s EOR projects in the Permian Basin. Mr. Martineck voluntarily left ARCO, together with ARCO’s crude oil marketing manager for the Eastern US, to form Summit Resource Management, Inc.

 

4/88-11/90:         ARCO Oil and Gas Company - S/SE US Crude Oil Marketing Manager

                           Dallas, TX

From April 1988 to November 1990, Mr. Martineck was ARCO Oil and Gas Company’s Crude Oil Marketing Manager for AOGC’s Southern and Southeastern Districts. This position held essentially the same responsibilities as the Central District Manager, but his geographic area of concern included the Offshore Gulf of Mexico, Louisiana, Mississippi, South Texas and East Texas. When appointed to this position, Mr. Martineck became one of the youngest members of ARCO’s senior management team. He was consistently recognized as one of ARCO’s managers with the highest career potential in the company.

 

4/86-3/88:           ARCO Oil and Gas Company - Area Lease Manager, Crude Oil Marketing

                           Dallas, TX

From April 1986 to March 1988, Mr. Martineck was ARCO Oil and Gas Company’s Area Lease Manager of Crude Oil Marketing for AOGC’s Southern and Southeastern Districts. Mr. Martineck managed a staff of marketing personnel and contract administrators to maximize the value obtained on ARCO Oil and Gas Company’s equity crude oil production.  The marketing responsibilities included negotiating the differentials on the buy/sell exchanges and arranging  for transportation to other locations where it was ultimately sold. The contract administration functions included maintenance of contract exhibits referencing leases associated with buy/sell exchanges and input of Lease Transaction Memo’s to supply ARCO’s Land and Revenue Accounting systems with the specific terms of each lease contract. His geographical area of responsibility included Offshore Gulf of Mexico, Louisiana, Mississippi, South Texas and East Texas. While in this position, Mr. Martineck was awarded an Exceptional Contribution Award by ARCO’s senior management for results achieved in renegotiating the exchange differential in a large offshore exchange with another oil company. This exchange had been structured with no cash value assigned to either the purchase or sale, except for recognition of the difference in value between the two locations.

 

7/85-3/86:           ARCO Oil and Gas Company - Area Coordinator, Crude Oil Marketing

                           Dallas, TX

From July 1985 to March 1986, Mr. Martineck worked for ARCO Oil and Gas Company as a Crude Oil Marketing Area Coordinator. In this position, his objective was to maximize the value obtained on ARCO Oil and Gas Company’s equity crude oil production. This was accomplished by negotiating the differentials on the buy/sell exchanges and arranging  for transportation to other locations where it was ultimately sold. His geographical area of responsibility included Offshore Gulf of Mexico, Louisiana, Mississippi, South Texas and East Texas. This position involved daily communications and negotiations with representatives of other oil companies.

 

2/85-6/85:           ARCO Petroleum Products - Area Coordinator, Crude Oil Marketing

                           Dallas, TX

From February 1985 to June 1985, Mr. Martineck worked for ARCO Petroleum Products Company as a Crude Oil Marketing Area Coordinator. In this position, his objective was to market ARCO Oil and Gas Company’s equity crude oil production to obtain refinery supply volumes for ARCO Petroleum Products Company’s Houston Refinery. This was accomplished by developing and implementing crude oil exchange differentials and intra-company transfers to take ARCO equity production and third party purchase acquired to ARCO’s Houston refinery at the lowest cost possible.  This included the negotiation of differentials for buy/sell exchanges and the arrangement for transportation where necessary to maximize ARCO’s corporate assets.  These assets included ARCO Pipeline Company’s transportation facilities, ARCO Petroleum Products Company’s Houston Refinery and ARCO Oil and Gas Company’s equity crude oil production. This position involved daily communications and negotiations with representatives of other oil companies.

 

10/83-1/85:         ARCO Oil and Gas Company - Revenue Analyst

                           Dallas, TX

From October 1983 to January 1985, Mr. Martineck worked as a Revenue Analyst in ARCO Oil and Gas Company’s Revenue Accounting department. His responsibilities included the establishment and maintenance of the accounting master files for the West Texas and New Mexico properties, including all of ARCO’s Enhanced Oil Recovery projects. These master files contained the information concerning all revenue and served as the basis for further revenue distributions, including royalty interest, working interest and taxes.

 

5/82-9/83:           ARCO Oil and Gas Company - Associate Revenue Analyst

                           Dallas, TX

From May 1982 to September 1983, Mr. Martineck worked as an Associate Revenue Analyst in ARCO Oil and Gas Company’s Revenue Accounting department. His responsibilities included the analysis of revenue recordings, review of master file setups, coordination between accounting and other departments for all West Texas and New Mexico properties including all of ARCO’s EOR projects. Those departments included the Land/DOI, Tax, Marketing, and Accounting Departments.

 

5/81-5/82:           ARCO Oil and Gas Company - Accounting Development Program

                           Dallas, TX

From May 1981 to May 1982, Mr. Martineck worked for ARCO Oil and Gas Company in its Accounting Development Program. This position was designed to train new hires in the Accounting Department and to familiarize ARCO’s accountants with responsibilities in all oil and gas accounting functions.  Mr. Martineck’s responsibilities in Oil Revenue Accounting  included recording oil revenues, reviews of master file setups. His responsibilities in Lease Rentals included  payment of lease rentals and accounts payable. His responsibilities in Denver District Accounting was to develop a new system for processing invoices.

 

Education:

B.B.A. - Accounting, The University of Oklahoma

1976-1980

Overall GPA: 3.2/4.00

Honors/Awards:

Attended on wrestling scholarship all four years, OU Varsity Wrestling Team, Accounting Club.

 High School    Buffalo, New York

1972-1976

Honors/Awards:

New York State Wrestling Champion in 1975-76 season, varsity football and wrestling, named “High School All American” athlete, asked to address his own graduating class on “Goal Setting and Accomplishments”

 

Litigation Testimony:

  1. Videotaped deposition testimony by Mr. Martineck given August 4, 1998 in United States of America, ex rel J. Benjamin Johnson, Jr., et al. v. Shell Oil Company, et al., (Civil Action No. 9:96CV66) in the United States District Court for the Eastern District of Texas Lufkin Division. Testimony regarding Qui Tam relator standing issues.
  2. Videotaped deposition testimony by Mr. Martineck given July 7 & 8, 2000 in United States of America, ex rel J. Benjamin Johnson, Jr., et al. v. Shell Oil Company, et al., (Civil Action No. 9:96CV66) in the United States District Court for the Eastern District of Texas Lufkin Division. Testimony as Qui Tam relator and expert witness.

 

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