press release

Texaco Press Release - Patrick J. Blough Appointed Vice President, Upstream Business


WHITE PLAINS, NY, May 22 - Patrick J. Blough has been appointed Vice President, Upstream Business Development for Texaco Worldwide Exploration and Production, effective immediately, it was announced today by John E. Bethancourt, Vice President of Texaco and President of Worldwide Production Operations.

In his new assignment, Blough will be responsible for acquiring and divesting producing properties, as well as interfacing with the other worldwide upstream business units to support all transactional activities associated with portfolio management. Additionally, Blough will work with the Corporate Development team to assess corporate-level merger and acquisition activities.

Commenting on the announcement, Bethancourt said, "A key element of Texaco's continued upstream success is our ability to meet our two major Upstream goals: grow the resource base with value-added production increases and improve capital efficiency. Under Pat's able leadership, our business development team will aggressively seek out, assess and capture those opportunities that provide a strategic fit with our overall upstream business plans."

Blough was graduated from Pennsylvania State University in 1979 with a bachelor of science degree in petroleum engineering. He joined Getty Oil Company that same year in Ventura, Calif. After holding positions of increasing responsibility with Getty and Texaco, he was appointed Financial Planning and Evaluations Manager in Bakersfield, Calif., in 1989. In 1990 he was named Senior Petroleum Engineer in TEPI and relocated to Houston. Blough was appointed Senior Coordinator in the Middle East/Far East Division in 1992 and relocated to Harrison, N.Y. In 1993, he became Yetagun Project Manager, and in 1997, he relocated to Houston as Myanmar Commercial Manager. In 1998, he moved to Denver as Director of Upstream Business Development, West Region United States/Canada, the position he held until this most recent appointment.

Blough succeeds John Bethancourt who was recently appointed President of Texaco's Worldwide Production Operations.

Updated: May 2000