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.
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.