Robert Foss

Experience

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  FOSS Farms

  Jan 1980 - Jan 1988

  Farm Operator

  • Worked with a 250 head cow calf operation as well as the planting of over 1000 acres of grain in the Bottineau county area of ND

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  El Paso Companies

  Jan 1988 - Jan 1996

  Manager

  Manager Gas Transportation Services • Responsible for the following functions within 1/2 billion cubic foot per day interstate natural gas pipeline operationo gas control, scheduling, nominations, volume accounting regulatory compliance, marketing lost and unaccounted for and measurement A/R and A/P, Invoicing and annual operating plan• Developed and received approval for the first park and loan tariff on a pipeline• Responsible for implementation of FERC order 636• Responsible for rate case negotiations with customers and FERC staff• Developed, negotiated, financed and implemented a $42MM new business in LNGCorporate Internal Auditor• Responsible for operational and financial audits Show less

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  GPU International

  Jan 1996 - Jan 1998

  Business Manager

  • Full P&L responsibility for three partnerships and a closely held corporationo combined EBITDA of roughly $35MM o responsible for annual budgeting, bank covenants, contractual obligations and O&M contracts with third party providerso responsible for all partnership, bank and customer relationshipso within the operating units a comprehensive program on safety and compliance was institutedo education program developed teaching each person how their respective duties impacted the bottom line• Charged with optimization of all fuel-related contracts, covering 10 domestic and 2 international plants, totaling 300MMMBTu/d in gas demand• Renegotiated $1B in gas contracts during the Niagara Mohawk Restructuring achieving 12% project returns• Led the successful completion and commercialization of a 304 MW generation facility including Show less

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  Shell

  Jan 1998 - Jan 2001

  Vice President

  Vice President of Supply• Responsible for the development, negotiation and execution of supply strategies used in retail business serving 750,000 residential customers • Responsible for budgeting and cash management of the business and development of a staff of 30• Responsible for monitoring federal and state regulatory rules to ensure their implementation and compliance • Development and implementation of a Risk Management policy which governed the trading and optimization activities of the retail business unit • Was a member of the Board of Directors of Shell Energy Services Company Director of Market Development• Successfully negotiated over $50MM in comprehensive transactions with key commercial parties• Enhanced trading results through contract optimization, team development and efficiencies in mid & back office • Analyzed, developed strategy and managed all regulatory risk at the state and federal level for all gas and power projects• A key member of the commercial team responsible for Shell’s Mexico and North American LNG strategies Show less

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  AGL Resources

  Jan 2001 - Jan 2003

  Vice President

  • Responsible for day to day operations of wholesale gas business of 100 employees including o real time gas control over the high pressure distribution and transmission system o optimizing the operational and commercial aspects of peak shaving LNG facilities, o optimize contractual relationships with third party providers o negotiations of upstream interstate pipeline transportation and storage agreements• Responsible for Federal Energy Regulatory Commission compliance and rate case settlement negotiations• Interdepartmental cooperation on Public Service Commission cases ensuring cost recovery of the wholesale business Show less

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  Iberdrola Renewable Energy Services Company

  Aug 2004 - Jan 2011

  • Drove earnings from $5MM to $145MM in three years • Optimized financial performance of existing assets through contract reviews, mid and back office execution improvements and enhanced education in the field and main office• Responsible for integrating front, mid and back office ensuring compliance with policies and regulatory obligations• Responsible for cash management at the trade floor level• In coordination with Iberdrola created physical optionality by entering into re-gas agreements in the US and UK • Negotiated $555MM in term structured transactions Show less

  • Managing Director Compliance & Risk Managment

    Oct 2008 - Jan 2011

  • Director Business Development/Asset Optimization

    Aug 2004 - Oct 2008
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  NorTex Midstream Partners, LLC.

  Dec 2010 - Sept 2012

  President and CEO

  • Responsible for the operation and strategic direction of a natural gas midstream company with $35-70MM in annual revenue • Top down reorganization and optimization of field and office resources resulted in exceeding EBITDA targets by roughly 14% for two consecutive years; delivering a 10% cash yield to the company’s investors in the face of the worst gas storage market in the past thirty years • During my tenor we executed o a financing package with highly favorable terms to ownerso professionalized field operations, including implementing a formalized maintenance, safety and compliance programo cleaned up land and accounting records o Transformed corporate culture from silo’s and barriers to one of selfless service to team members • Established and executed risk management programs mitigating commodity exposure in oil, natural gas liquids and storage • Doubled oil production focusing on pressure management, debottlenecking, targeted work overs and education • Grew the NGL business from $500K to $3MM• Developed and implemented a 5-year Strategic Growth Plan with an eye to MLP within 3-5 years Show less

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  Quaestus Trading LLC

  Jan 2012 - Dec 2017

  Board of Advisors

  Active member of the Board of Advisers for a privately held trading and marketing company. Member of the risk and audit committees.

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  Channel Midstream Partners

  Oct 2012 - now

  General Manager/CEO

  Top Leader responsible for the development and growth of a midstream startup company focused on asset management and acquistion opportunities in N.A.

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  Hinds Feat Advisors

  Jan 2013 - now

  Partner
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  Missilinda Of Canada LTD

  Jan 2014 - now

  Member Board of Directors

  Board Member and Corporate Secretary

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  Murex Petroleum Corporation

  Jan 2014 - Dec 2015

  Vice President & CFO

  Managed P&L for approximately $65M EBITDAX upstream company, responsible for marketing oil and natural gas, midstream development, finance, accounting, land and land administration, and general corporate management.

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  New Horizon Resouces

  Jan 2016 - now

  President & CFO