Elite Group Inc. Management
ELITE Group, Inc. is a Nevada corporation established to acquire assets in the oil field service sector. ELITE Group, Inc. specializes in the acquisition of assets related to the oil field services. Management’s objective is to acquire and consolidate oil field service assets in the prolific oil and gas exploration areas – primarily in the Permian and Eagle Ford Basins.
Management believes it will accomplish its goal to maximize shareholder value through strategic acquisitions, effective business model design and economies of scale to a expanding industry. Elite’s management currently has relationships with a substantial number of oil and gas operators in the Permian and Eagle Ford basins. ELITE Group, Inc. will use the most environmentally friendly procedures and processes available to the industry.
Currently ELITE Group, Inc. is acquiring oil and gas service companies that are operating in both of these basins. The principals of ELITE Group, Inc. have over 50 years of combined experience providing financial and operational management support to numerous companies in the oil and gas industry.
As a result, they have identified several companies that complement each other through the services they offer. ELITE Group, Inc. will be able to provide substantial growth opportunities for these companies through their relationships with these companies.
Terrance A. Tecco – CEO
Mr. Tecco’s market and management experience began as a registered representative for Merrill Lynch in the Canton, Ohio office holding a Series 7 and Series 22 licenses. After his tenure with Merrill Lynch, he became Vice President of Buckhorn Oil Company with offices in Houston, Texas and Columbus, Ohio; where his duties included raising capital for drilling and land acquisitions.
Jeffrey M Lightsey (Operations)
Mr. Lightsey is a Veteran that has over 10 years’ experience working as a Petroleum Engineer for different oil and gas companies all over the world as well as his families previously owned oil and gas lease. He started his working career after the Army for NASA as the Johnson Space Center Mission Control Computer Security Executive and advancing to the U. S. Security Representative for the International Space representing the U.S. to all foreign agencies involved.
J. Mark Fox,(CPA)
Mr. Fox has over 25 years of oil and gas industry experience. He has over 20 plus years of executive management experience in various corporate positions. Responsibilities included managing oil and gas assets of over $250 MM in Texas, Louisiana, Montana, Michigan and Pennsylvania with an E&P budget of $80+ MM. He has held CFO positions in several companies.
Craig DeArmond ( Carter County Resources )
Mr. DeArmond has over 30 years of oil and gas experience providing consulting, engineering and operational support to numerous major oil and gas companies as well as private companies.
Michael Ramos ( Pirate Field Operations)
Mr. Ramos founded TMR Services in 2006 located in Rankin, TX and operated in a 200 mile radius. TMR provided a variety of services to its customers in the oil and gas industry, they included Roustabout, Dirt Work (drill pads, frac pits, pipeline construction) and maintenance, production and facilities work along with general construction and maintenance.
Pirate Oilfield Services, Inc.
ELITE Group, Inc. (ELITE) has acquired Pirate Oilfield Services, Inc. The company has executed a purchase and sale agreement for the company and closed the transaction September 12, 2017.
Pirate Oilfield Services, Inc. is an oil and gas service company located in Midland, Texas. Pirate provides multiple services to oil and gas companies including roustabout services, equipment rental, welding services, and many others.
Pirate Oilfield Services, Inc. is the initial acquisition for ELITE and will serve as the platform entity for future acquisitions.
Current Joint Venture Partners
Carter County Resources, Inc.
Carter County Resources, Inc. (CCR) was established in 2009 in the Permian Basin as a roustabout, hydro-excavation, and production services company. CCR has remained profitable during the downturn and is positioned for exponential growth over the next few years.
The current owners of CCR have been in the Permian area for over 25 years and have built and continue to build a stellar reputation as they grow their customer base. CCR has focused on 100% customer satisfaction and has an excellent Health, Environmental, and Safety record with a TRIR rating of 0.0.
Their MSA portfolio is diversified and they are currently being sought after by new customers due to their reputation. CCR has an established 5 acre yard and office compound in Odessa strategically located with access off the main highway. The current management will continue to remain with the company and will continue to grow revenue with the business management support that Elite Group will provide.