This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Energy Industry Veteran W. Phillip Marcum Joins Recovery Energy’s Board Of Directors

Recovery Energy, Inc. (OTCBB: RECV), an independent oil and gas exploration and production company with operations and assets in the Denver-Julesburg (DJ) Basin, announces the appointment of W. Phillip Marcum to its Board of Directors. Marcum is a seasoned energy industry executive with nearly 40 years’ comprehensive experience.

“Phil’s extensive financial, operations and transactions experience in the oil and gas business, and energy sector, is a great addition to our Board,” said Roger A. Parker, Chairman and CEO of Recovery Energy. “We look forward to his contributions as we continue our exploration and production course in both conventional J Sand drilling and unconventional Niobrara horizontal drilling in the DJ Basin.”

Marcum’s successful industry track record includes taking part in more than 60 industry acquisitions, ranging in size from less than $5 million to $300 million. He has also raised in excess of $2 billion in debt and equity funds in more than 30 transactions. Marcum has extensive senior level management and corporate governance experience and currently serves on the Boards of other energy companies, including Key Energy Services, Inc. (NYSE: KEG) and Chairman of the Board of ADA-ES, Inc. (NasdaqCM: ADES). In 1991, he co-founded Metretek Technologies, Inc. (currently PowerSecure International, Inc.), a company specializing in energy services and technology, and served as its Chairman, President and CEO until his initial retirement in 2007. Marcum’s career includes serving as head of the Energy Corporate Finance department of Denver-based Boettcher & Company/Kemper Insurance Co. during the period of 1987 through 1991, and serving as a senior officer of Midland, Texas-based MGF Oil Corporation from 1976 through 1987, including serving as its Chairman, President and CEO during his last four years with the Company.

“I very much look forward to working with Recovery Energy’s experienced and highly motivated management team to achieve its corporate goals,” said Marcum.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs