Management
William Matthaei, President
Mr. Matthaei is responsible for day-to-day operations as well as the sourcing of new opportunities for Red Tank Resources and its partners. Prior to forming the company in 2011, he spent 12 years in energy finance where he gained experience in investment banking, international lending and private equity.
Mr. Matthaei began his career in New York with Salomon Brothers working in the Energy and Equity Capital Markets groups. He subsequently joined the Oil & Gas Division of the World Bank/International Finance Corporation in Washington DC, which finances companies operating in emerging markets. Mr. Matthaei most recently served as a Vice President for Energy Trust Partners, an oil and gas private equity firm with offices in New York and Dallas.
Mr. Matthaei holds a Bachelor of Arts degree from Bucknell University and a Master of Business Administration degree from the Tuck School of Business at Dartmouth.
Randy Gillit, Director of Operations
Mr. Gillit is an oil and gas field expert who has spent more than 30 years in the energy industry. He began his career working for several oil companies in West Texas, and subsequently progressed through the ranks at various oilfield service companies while gaining knowledge of production and general oilfield operations. He ultimately served as regional manager for a large service company where he supervised crews responsible for solving oil and gas production problems and enhancing production from existing wells.
In addition to his employment at a number of service companies, Mr. Gillit also founded a contract pumping and oilfield construction business that prospered for more than 15 years. At its peak, the company employed 15 people charged with maintaining oil and gas wells for clients and building and/or installing tank batteries, pipelines, compressors and wells.
Mr. Gillit currently consults for private oil and gas companies active in the Permian Basin of Texas on various aspects of their drilling and production operations. He also owns interests in oil and gas properties throughout Texas.
