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James C. Musselman brings an impressive record of leading successful oil and gas ventures to Kosmos.
As Chairman and CEO of Triton Energy, Musselman engineered a dramatic company turnaround that thrust Triton into the ranks of leading international independents, which culminated in the company's sale to Amerada Hess for $3.2 billon, a three-year IRR for investors of 50%.
Musselman arranged a $350 million private equity infusion for Triton by Hicks, Muse, Tate and Furst Inc. Then, under his leadership, Triton sharpened its exploration focus, reduced G&A costs by 45% in one year, and restored relations with Wall Street. Financially strong and infused with a new entrepreneurial culture, Triton made a series of significant oil discoveries offshore Equatorial Guinea and developed the initial Ceiba Field discovery in record time. Following the sale of Triton to Amerada Hess Corporation in 2001, Musselman served as a senior advisor to Hess chairman and CEO John Hess.
Earlier in his career, Musselman was founder and operator of JM Petroleum Corporation, a crude oil gathering and purchasing company with more than $1 billion in annual sales. After selling the company to Wesray Capital Group, he assembled an influential investor coalition and led the successful effort to secure the first Class 1 horserace license in the Dallas/Fort Worth, Texas, area. After the license award, he led design, construction and initial operation of the new Lone Star Park racetrack facility in suburban Grand Prairie.
Musselman also practiced law at Strother, Davis, Musselman and Hill, with responsibility for oil and gas financing. He is a graduate of Duke University and the University of Texas School of Law. | 