Experience

Cost Management Solutions LLC - Dale G. Delay, President

Biographical Overview

An industry veteran with over 22 years experience in the oil and gas industry. Broad and intuitive background of the gas liquids marketplace developed from experience as a gas liquids trader, marketing manager of merchant fractionation facilities, and director/manager of wholesale operations.

El Paso / PG&E

Manager/Director of Wholesale Marketing

Established new wholesale propane marketing business line which was embraced by El Paso during purchase of PG&E's NGL assets. Managed risk associated with propane inventories, established marketing strategies, and managed the business for profit. Incorporated Hattiesburg propane storage leasing into business line. Exceeded profit plan in every year while bringing expenses in under budget. Developed risk management seminars for propane retailers.

Warren Petroleum / Dynegy

Manager of Asset Marketing and Raw Supply

Directed the supply purchase and tolling arrangements associated with Warren's fractionation assets which converted raw NGL's into finished components. Managed and generated revenues for the internal transportation and pipeline groups.

Gas Liquids Trader

Managed the sales of gas liquids production including the use of propane futures contracts. Developed term and spot contracts with major petrochemical and major oil and gas producers.

Wholesale Propane Marketer

Active in propane markets in Florida, Georgia, Texas, New Mexico, and Oklahoma.

Gulf Oil Corporation

Finance and Accounting

Held supervisory and financial reporting roles.

Awards and Recognitions

Propane Education and Research Council 1999-2003
Vice Chairman Producers Section PERC 2002-2003
PERC Council Secretary 2001-2002
Salesman of the Year - Warren Petroleum 1992
Magna cum Laude Graduate of Hardin Simmons University 1980

Awards from Hardin Simmons University:

Outstanding Accomplishment in School of Management
Outstanding Accomplishment in School of Business and Finance