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From 1997 until the formation of Plexus, Mr. Williamson served as CFO for Aspect Energy, LLC, primarily involved in capital formation, providing the financial capability for Aspect to grow from a $20 million enterprise to $180 million. He created innovative non-conforming debt structures in addition to Aspect’s senior bank facility that funded an aggressive capital investment program. Each of the lenders received their maximum contractual return. These structures included a land bank for funding undeveloped property acquisitions for seismic acquisition; a guaranty by a gatherer/purchaser to enable mezzanine financing for drilling; and a structured financing for a SPE to purchase Aspect producing properties and transferring reserve risk while allowing Aspect owners to keep the upside of the properties in the SPE. In each case, deals were structured so that the interests of all parties participating were well aligned.
Prior to joining Aspect, Mr. Williamson was the CFO for General Atlantic Resources, Inc. and played a key role in its IPO in 1993 and subsequent merger with UMC Petroleum in 1994.
Mr. Williamson received a BSBA in management from the honors program at the University of Denver in 1975, and held various international and domestic accounting positions with Marathon Oil and Trend Exploration until joining General Atlantic in 1989. | 