Larry K. Smith
Senior Consultant

Larry began his career at Exxon Company, USA as a petroleum engineer. In late 1977, he moved to Atlantic Richfield where he enjoyed a 23-year career working in all phases of upstream and mid-stream operations. After varied engineering assignments in the Texas Gulf Coast, Permian Basin and Alaska North Slope, Larry directed the research organization responsible for supporting ARCO's world wide well completion activities. Later assignments included Asset Manager of an integrated tertiary recovery operation with two cryogenic processing units (a nitrogen rejection unit and an air separation unit) and Marketing Manager responsible for the trading and transportation of ARCO's lease production of oil, natural gas and natural gas liquids. Larry has experience in the design, construction, operation, HSE management and economic evaluation of oil and gas operations and facilities. Larry joined Barnes & Click, Inc. in February, 2002.

REPRESENTATIVE EXPERIENCE

• Lenders' Independent Engineer - Monitored construction compliance with lending agreements and advised lenders on all issues impacting their investments in a gas storage project.

• Financial Turnaround - Evaluated business opportunities of poor performing asset and implemented successful financial turnaround for major, integrated oil and gas operation.

• Commercial Development - Managed the trading and transportation of crude oil, natural gas, and natural gas liquids. Negotiated waterflood unitization agreements, including equity percentages, and gas processing, treating and transportation agreements.

• Economic Evaluations - Determined fair market values for gas processing plants and gas gathering systems for purposes of acquisition and divesture.

• Health and Safety - Implemented OSHA PSM programs in major oil and gas operations. Led audit team to assess overall safety performance of offshore operations.

PREVIOUS POSITIONS

1995-2001
Atlantic Richfield Company, Plano, TX
Marketing Manager

1989-1995
ARCO Permian, Midland, TX
Asset Manager - Block 31 Complex; Joint Venture Manager

1985-1989
Atlantic Richfield, Plano, TX
Director of Research and Technical Services

1983-1985
ARCO Alaska, Anchorage, AK
Staff Manager - Prudhoe Bay Operations; Engineering Manager - West Sak

1977-1983
Atlantic Richfield Company, Houston and Midland, TX
Petroleum Engineer

1975-1977
Exxon Company, USA
Petroleum Engineer

EDUCATION

B.S. Mechanical Engineering, Texas A&M University, 1975
M.B.A. Finance, University of Houston, 1980