The Texas Independent Producers and Royalty Owners Association named Fred Yates, of Yates Energy Corporation in Roswell, Best CEO of a Small Independent Oil and Gas Company.
Yates was selected based on several elements. First, Yates’ demonstrated record of growth and success and good return for stockholders, investors and partners. Next was his recognition within the oil and gas industry as well as his involvement in the community. Next was his solid record of improvement of operational efficiency and profitability and finally, his enforcement of sound environmental and public safety policies.
Yates and other winners were listed in the August 2012 edition of Texas Monthly and honored at an awards ceremony in Houston earlier this month.
He is a graduate of New Mexico Military Institute and earned his B.A. and M.B.A. at the University of Arizona.
Yates got his start in the oil and gas industry as a teenager working as a roustabout and tool dresser. After obtaining his graduate degree, he joined HEYCO of Roswell and served as chief operations officer and chief financial officer until 1981.
He founded Yates Energy in 1981 and expanded his operations beyond southeastern New Mexico into west and south Texas. After purchasing and developing south Texas properties, Yates became the leading natural gas producer in Gonzales Co. and held that title from 1992 until 2009.
Within the community, Yates served as president of the Board of Regents of NMMI from 2002 to 2003 and is currently president of the Zia Girl Scout Council Foundation Board. He is a member of the Independent Petroleum Association of America and the New Mexico Oil and Gas Association.
He and his wife of 46 years Roxanne, have three daughters and three grandchildren.