Chairman and Chief Executive Officer
Robert Ravnaas is Chairman of the Board and Chief Executive Officer of our general partner, Kimbell Royalty GP, LLC. Previously, Mr. Ravnaas served as President of Cawley, Gillespie & Associates, Inc., a petroleum engineering firm, since 2011. Prior to joining Cawley, Gillespie in 1983, he worked as a Production Engineer for Amoco Production Company from 1981 to 1983. Mr. Ravnaas received a BS degree in Chemical Engineering from the University of Colorado at Boulder and a MS degree in Petroleum Engineering from the University of Texas at Austin. He is a registered professional engineer in Texas and a member of the Society of Petroleum Engineers, the Society of Petroleum Evaluation Engineers and the American Association of Petroleum Geologists.
Executive Vice Chairman and Director
Brett G. Taylor is Executive Vice Chairman of the Board of our general partner, Kimbell Royalty GP, LLC. Mr. Taylor began his career as a petroleum landman at Texas Oil and Gas Corporation in 1982 and joined Fortson Oil Company in 1985, where he served as Land Manager and Vice President-Land until 1998. Mr. Taylor then co-founded, with Joe B. Neuhoff, Neuhoff-Taylor Royalty Company to acquire producing royalties and minerals. He has also served as President and Chief Executive Officer of various Taylor Companies since 1998. In 1999, Mr. Taylor co-founded the Fort Worth Royalty Partners group, which is led by the Kimbell Art Foundation, with Robert Ravnaas and Ben Fortson. He holds a BBA-Petroleum Land Management degree from the University of Texas at Austin and is a member of the American Association of Professional Landmen.
Ben Fortson was appointed as a director of our general partner in November 2015, with six decades of experience in the oil and gas industry. Mr. Fortson has served as President and Chief Executive Officer of Fortson Oil Company since 1986, and he has served as Chief Investment Officer of the Kimbell Art Foundation since 1975 and as a member of the Board of Trustees of the foundation since 1964. Mr. Fortson holds a BA degree from the Texas Christian University.
Mr. Wynne has been engaged in the oil and gas industry since 1980. Since that time, and over the course of his career, Mr. Wynne’s activities have included the formation and management of privately held companies and partnerships, directly engaged or investing in oil and gas exploration and development operations, oil and gas royalty and mineral property acquisitions, management and divestiture, and oil and gas leasehold activities and divestiture.
Mr. Wynne has served as president/owner of Exploration Investments, LLC, Wynne Petroleum Co., Wynne Operating Co., and MSW Royalties, LLC. Mr. Wynne has served on the boards of the Fort Worth Zoological Association, Millers Mutual Insurance, Inspire Insurance Solutions, Union Gospel Mission of Fort Worth, and the Board of Trustees of All Saints’ Episcopal School. Mr. Wynne received a BA degree from Washington and Lee University in 1980.
Benny D. Duncan was appointed as a director of our general partner, Kimbell Royalty GP, LLC, in November 2016. Mr. Duncan currently manages the property portfolio of Vaughn Petroleum Royalty Partners, Ltd., which he helped form in 1994 and sold in 2004. From 2005 to 2009, Mr. Duncan also formed Trunk Bay Royalty Partners, Ltd.; Bitter End Royalties, LP; Oil Nut Bay Royalties, LP; Nail Bay Royalties, LLC; and Gorda Sound Royalties, LP. Earlier, he served in various operational and executive positions with Vaughn Petroleum, Inc., where he began his career in oil and gas. He also worked for First National Bank of Dallas as Land Manager and Engineering Technician and later as Assistant Vice President-Trust Oil and Gas Division. Mr. Duncan studied Business Administration at Arlington State College (now the University of Texas at Arlington). He is an active member of the American Association of Professional Landman and the Dallas Petroleum Club.
T. Scott Martin was appointed a director of our general partner, Kimbell Royalty GP, LLC, in November 2015. He has served as Chief Executive Officer of our predecessor, Rivercrest Royalties, LLC, since July 2014 and Chief Executive Officer and Chairman of EE3 LLC since 2011. Mr. Martin founded Ellora Energy LLC in 1995 and served in senior management roles until 2010. Earlier, he held senior executive positions with Alta Energy Corporation, TPEX Exploration, Inc., and was a consulting engineer at BWAB, Inc. He began his career in 1979 at Amoco Production Company. Mr. Martin holds a BA degree in Biology from Colorado College and a degree in Chemical Engineering from the University of Colorado at Boulder. He is a member of the Society of Petroleum Engineers and the Independent Petroleum Association of America.
Ted Collins was appointed as a director of our general partner, Kimbell Royalty GP, LLC, in January 2017. Mr. Collins has been an independent oil and gas operator since 2000. He served as President of Collins & Ware Inc. from 1988 to 2000, when its assets were sold to Apache Corporation. From 1982 to 1988, he was President of the predecessors of EOG Resources and HNG Oil Company, HNG InterNorth Exploration Co. and Enron Oil and Gas Company. From 1969 to 1982, Mr. Collins served as Executive Vice President of American Quasar Petroleum Company.
He is a director of Energy Transfer Equity, L.P. and of the general partner of Energy Transfer Partners, L.P. He also serves on the boards of CLL Global Research Foundation and Oasis Petroleum Inc.
Mr. Collins is a past President of the Permian Basin Petroleum Association, the Permian Basin Landmen’s Association, the Petroleum Club of Midland and has served as Chairman of the Midland Wildcat Committee since 1984. He holds a BS degree in Geological Engineering from the University of Oklahoma.
Craig Stone was appointed as a director of our general partner, Kimbell Royalty GP, LLC, in January 2017. He was an audit partner at Ernst & Young until his retirement in 2015. During his 30 year-career with Ernst & Young, he also served as the Fort Worth Office Managing Partner and led the firm’s North Texas Energy practice. His experience includes numerous initial public offerings, mergers and acquisitions, divestitures and financing transactions in both the equity and debt markets.
Mr. Stone is a licensed Certified Public Accountant in Texas and graduated from Abilene Christian University.
Bill Adams was appointed as a director of our general partner, Kimbell Royalty GP, LLC, in January 2017. He has served as chairman and a principal owner of Texas Appliance Supply, Inc., a wholesale and retail distribution company, since 2007. Previously, Mr. Adams had a 25-year career in commercial and energy banking, most recently as Executive Regional President of Texas Bank in Fort Worth, before retiring in 2006. He also served as President of Frost Bank-Arlington.
Mr. Adams currently serves on the Board of Directors of Morningstar Partners, a private oil and gas company based in Fort Worth, Texas. Prior to its sale to Exxon Mobil Corporation in 2010, he served on the board of directors of XTO Energy Inc., where he chaired the Compensation, Corporate Governance and Nominating committees. Mr. Adams received a BBA degree in Finance from Texas Tech University.