MIAMI--(BUSINESS WIRE)--
Nopetro,
Florida's leading compressed natural gas (CNG) fueling infrastructure
provider, announces that Tom L. Ward has joined the Board of Directors
and completed an equity investment in Nopetro.
Tom L. Ward is Chairman and Chief Executive Officer of Tapstone Energy,
LLC, an Oklahoma City-based oil and gas company that launched in
September 2013. Prior to that, Ward co-founded Chesapeake Energy (NYSE: CHK) serving as President and Chief Operating Officer, and founded
SandRidge Energy (NYSE: SD) serving as Chairman and Chief Executive
Officer.
"We are privileged to announce the addition of Tom L. Ward to Nopetro's
Board of Directors," said Jorge Herrera, co-founder and CEO of Nopetro.
"It is an honor to have someone of his professional caliber lending his
expertise as we expand Nopetro's presence across the U.S."
Comprised of seven members, Nopetro's Board of Directors consists of
Jorge Herrera, Co-Founder and CEO of Nopetro; Jonathan "Jack" Locke,
Co-Founder, President and Chief Operating Officer of Nopetro; Walter
Bussells, Chief Financial Officer of Nopetro; Jay Demetree of Demetree
Brothers; Hawley Smith of H. Smith Inc.; the aforementioned Tom L. Ward;
and Daniel Reineke of TLW Trading.
"I am pleased to have an investment in Nopetro," said Ward. "Nopetro has
proven itself as an innovator in making CNG more readily available to
the public. I look forward to supporting the company in its growth."
Established in 2007, Nopetro has solid prowess in developing and running
successful CNG fueling operations. The company currently operates the
nation's first public-private partnership for CNG fueling - a P3 in the
state's capital, with the City of Tallahassee, Leon County and Leon
County Schools. Nopetro's facility has far surpassed expectations,
exceeding initial projected usage by 300 percent and now dispensing
nearly 1 million gallons per year.
Nopetro is currently implementing CNG P3 projects with the Central
Florida Regional Transportation Authority (LYNX), St. Johns County and
Charlotte County Public Schools, to complement Nopetro's existing
facility in Leon County and growing network throughout the Southeast.
Nopetro is also collaborating with Karsan, one of the world's leading
bus manufacturers, on an innovative multi-faceted proposal to convert
Miami-Dade County trucks and buses to CNG.
For more information about Nopetro, please visit www.nopetro.com.
About Nopetro
Established in 2007, Nopetro is Florida's leading natural gas fueling
infrastructure provider with offices in Coral Gables and Tallahassee,
Fla. The company owns and operates the most expansive, and
state-of-the-art compressed natural gas (CNG) fueling operation in the
Southeast U.S., and is developing a network of publicly accessible CNG
fueling stations in partnership with government agencies. Nopetro is
committed to the displacement of foreign oil in the transportation
sector with cheaper, cleaner and domestic natural gas fuels.
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