I'm not sure of Lou's oil & gas connections that he will utilize with Bayport/EXTO, but below is his resume which is very impressive which reflects that he has some connections within the industry in my opinion:
Mr. Louis Porter of Tulsa, Oklahoma is CEO and Board Chairman of Bayport Corp. He received a B.S in Petroleum and Natural Gas Engineering from Texas A&I in Kingsville, Texas 1970, now affiliated with Texas A&M. He was a member of the Sigma Tau and Alpha Chi honor societies – Sigma Tau Honor Engineer Alpha Chi Honor Scholastic. He worked five years with Arco as a Petroleum Engineer, Drilling, Gasoline Plant, Reservoir Engineering and Sales of LPG’s. Then Mr. Porter spent 5 years with Thermogas as its Transportation Director, as well as Operations Manager for purchasing wholesale and the retail selling of propane and butane for the entire network. Thermogas was the largest LPG distributor of LPG’S in the nation at that time until merged with Mid America Pipeline.
He started NGL Supply (Natural Gas Liquids) which later became Dalco Petroleum a Public Company in the United States and was 87% owner of Dynex Petroleum a Public Company across Canada and headquartered in Calgary Alberta. He was CEO & Major Owner of 87% of stock in the Canadian operation & CEO and President with 90% stock in Dynex USA. Dynex was very strong in Canada with sales reaching approximately 1 Billion dollars Canadian in oil and gas. Dynex successfully engineered a $75 Million revolving line of credit with Bank of Montreal.
Dalco Petroleum had thirty three separate divisions in various areas of sales, drilling & production of oil and gas, (500+ oil wells in the Oklahoma Sooner Trend) built and owned 3 underground fuel storage units… one in Canada and two in Kansas holding millions of barrels of propane on an ongoing basis. Dalco also owned two steel companies. Utility Steel built sub-stations and Jem Engineering made octagon lighting and traffic poles. Mr. Porter has been a Director, part owner and partner in two regional banks; American Bank of Tulsa and Riverside Bank in Jenks, Oklahoma.
Overall, the parent company employed 1000 employees and drilled over 1500 wells in Canada and the United States. Dalco also manufactured and sold rock wool insulation in Wisconsin and surrounding areas.
Dalco owned and financed Tulsa Polyfilm, (Saran Wrap) which later did a thirty million-dollar public offering for fifteen percent of the company stock. Louis sold fifteen percent of Dynex Petroleum for seventeen million dollars via Bache-Halsey Financial. Mr. Porter was CEO & Chairman of Allied Exploration Corporation a public company which he sold for an undisclosed sum.
Presently he is owner, CEO, President and Board Chairman of Bayport Corporation which is active in company owned gold mines, oil and gas production, senior life insurance, seafood sales and a shrimp processing plant in Louisiana.
Lou has written and sold five full-length novels; he’s beaten former President Gerald Ford out of $14 playing Gin after arranging for his speech to the Canadian Oil Association in Calgary; and he’s defeated Ex-Governor David Hall of Oklahoma in some very serious games of backgammon. Lou is a conservationist and avid hunter and fisherman who loves to photograph grizzly bear by horseback.
Mr. Porter was one of ten industry men picked to successfully put Propane on The Cotton Exchange in Chicago as a commodity.
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