Mr Smith has been involved in the oil and gas industry throughout his 25 year business career. He is currently the owner of SmithCo Properties and a partner in Smith Drummond. Prior to forming SmithCo and Smith Drummond, he was a partner in 410 Exploration. Although he will retain his existing business interests, he will devote full time to his responsibilities as Credo’s chief executive officer.
Mr Smith was elected to Credo’s board of directors in April, 2009. For the last 10 years, his companies have invested in the majority of Credo’s drilling projects in Oklahoma and Kansas. During that time, the companies participated in drilling about 75 wells operated by Credo.
James Huffman, chairman and CEO, said: “Following a lengthy search process, Credo seized a unique opportunity to recruit a seasoned oil and gas veteran who knows our company and will hit the ground running. Marlis is a proven entrepreneur with broad experience in the technical disciplines required to build and grow a successful oil and gas business.
“In addition, he brings an excellent knowledge of Credo’s business gained from participating in our drilling ventures and from serving as a director.”
