Gulftex Operating says Patrick E. Lee has joined Gulftex Operating, Inc. as Senior Acquisitions and New Business Manager. Patrick E. Lee will also serve as adviser to TBX Resources, Inc.

"Patrick Lee's addition to Gulftex Operating, Inc. represents a commitment to growth in 2009 and beyond. We recognize the opportunities to build reserves and expand our portfolio. Patrick has the experience to help us navigate asset values and evaluate potentials in targeted assets. As a professional engineer with strong petroleum and environmental background, Patrick brings years of experience in acquisition and divestiture of reserves, field development studies and economic evaluation of business opportunities." according to Gulftex Operating, Inc. President, Tim Burroughs.

With over 32 years experience Patrick Lee has, most recently been active in capital acquisition, marketing and strategic alliances at Brownfields Capital, LLC in Denver Colorado where he was Managing Director and Partner. His experience in assessment of environmental risk related to mergers, divestiture and acquisition guided clients in his role as Principal with EMC2 and Strategic Environmental Management, LLC. While Manager of Environmental Engineering for Phelps Dodge and Cyprus Amax he provided technical direction and program management for the nation-wide remedial operations budgeted at $100 million covering 17 states and over 50 sites. He successfully negotiated and sold the CERCLA Superfund site removing a $17 million liability from the balance sheet.

Patrick Lee holds a Bachelor of Engineering Science (Mechanical) from the University of Western Ontario and Master of Business Administration from the Richard Ivey School of Business, University of Western Ontario.

Tags: Gulftex Operating