As founder, director, and president of the North American Drilling Corporation since its inception, Texas-based Larry M. Koonce identifies and acquires investment offerings in the gas and oil sector. In addition, his membership with the Texas Alliance of Energy Producers allows him to stay compliant and up-to-date on changes made within the industry.
Formerly two separate entities called the North Texas Oil and Gas Association and the West Central Texas Oil and Gas Association, the Texas Alliance of Energy Producers formed due to low crude oil prices in the 1990s. This forced many independent producers out of business and led to the merger of the two associations, which occurred in the early 2000s.
To help its members network and learn more about the industry, the Texas Alliance of Energy Producers hosts an annual meeting and expo. The 2016 event, scheduled for April 19–20 in Wichita Falls, Texas, features more than 350 exhibitor booths, as well as technical seminars, industry speakers, and networking opportunities. Extracurricular activities include golf and a barbecue.