David Ownby is a director in the petroleum and chemical industry services practice of LECG, in Houston. During his 35 year career in the oil and gas industry, Mr. Ownby has had senior level responsibility for downstream refined products supply, distribution, and marketing. With in-depth knowledge of oil and gas marketing, trading and processing, and front and back-office management systems, he has successfully started companies to gather and trade crude oil, refined products, NGLs, natural gas, and coal. His skills include project development management, litigation support, and testimony on FERC regulatory matters. Mr. Ownby was the principal founder of "Chalkboard," the energy industry's first electronic trading platform for crude, refined products, and natural gas liquids (NGLs).
From 1990 through 2003, Mr. Ownby owned and managed boutique hands-on energy consulting firms that specialized in master limited partnership strategy, business development, mergers and acquisitions, energy risk management, financial analysis, energy trading, fuels management, retail, petroleum management systems, litigation support, and energy sector development.
Mr. Ownby began his career in 1971 with Texaco Inc. in retail gasoline marketing in Houston, Texas. At the outset of the Arab embargo in 1974, he moved to OKC Corporation, a small refiner, and was responsible for crude and product supply as well as federal regulations compliance. As vice president of marketing, Mr. Ownby was responsible for all sales, purchases and exchanges of refined products and acquisitions of feedstock for the refinery. He was additionally responsible for all scheduling, exchange accounting, preparation and analysis of monthly DOE forms, and commercial allocation of the refinery's production.
Upon leaving OKC Corporation in 1978, he became executive vice president of Petroleum Trading & Transport, the largest reseller and wholesaler of fuels in the mid-continent area. He had senior management responsibility for all trading, purchases & exchanges, futures & hedging, scheduling and distribution, legal, financial and credit analysis, data processing, new accounts, and acquisitions including all banking relationships and negotiations. He had profit and loss responsibility for marketing and was successful in reaching a goal of one billion dollars in wholesale sales.
Mr. Ownby joined Enron Oil Trading & Transportation in 1987 as vice president of refined fuels. He headed refined product marketing operations worldwide, which included crude processing arrangements and starting Enron's first alternate fuels division "Enron Marketing Company."