David Philllips Email & Phone Number

Houston, Texas Area

• Develop new customer relationships for the BB&T Energy Group. Market the Bank's energy lending expertise and other bank products to independent oil and gas exploration & production companies.• Manage customer portfolio on a daily basis. Respond to customer requests on a timely basis with respect to semi- annual borrowing base reviews, amendment and waiver requests, etc.• Review credit/financial analyses on customers and prospects, as well as oil & gas reserve evaluations prepared by third-party petroleum engineering consultants. Prepare corporate cash flow projections for credit requests.• Underwrite credit application packages for submittal to line management, credit officers, and Loan Committees. Present loan requests and respond to loan committee questions regarding credit requests.• Cross-sell other bank products (Treasury Management, Derivatives, and Depository Products) to customers.• During first twelve months of tenure, closed credit facilities totaling $300MM million in new bank commitments.

Houston, Texas

• See job responsibilities described previously.• During employment tenure, closed credit facilities totaling over $300 million in new bank commitments.

Houston, Texas Area

• See job responsibilities described previously.• During employment tenure, closed credit facilities totaling over $225 million in new bank commitments.

Houston, Texas Area

• Planned, analyzed, and implemented strategies related to debt/capital markets, and capital structuring.• Negotiated the terms and conditions of financing agreements and implemented financing transactions.• Worked with tax, accounting, and operating groups in developing recommendations for capitalizing operations.• Responsible for the oversight of $400 million in defined benefit plan investments.

Houston, Texas Area

• Managed a loan portfolio totaling over $100 million in energy-related loan commitments. Interacted directly with customers regarding credit-related issues and routine operational requests.• Prepared financial analyses and corporate cash flow projections for credit requests (new loans and renewals).• Underwrote credit application packages for submittal to senior management and the loan approval group. Recommended loan structure, covenants, etc. Responded to questions regarding specific loan requests.• Negotiated loan documentation with customers and worked with legal counsel to close loan transactions.

Houston, Texas Area

• Evaluated and approved debt/equity transactions for oil & gas production companies.• Established credit terms for U.S. and Canadian independent oil & gas company counterparties which transacted crude oil and natural gas swaps with Enron Risk Management Services.• Approved oil & natural gas derivative transactions negotiated by Enron’s trading desk.

Dallas/Fort Worth Area

• Managed a portfolio of non-performing energy, corporate and commercial loans. Developed an appropriate strategy for each loan in the portfolio.• Collected $70 million while managing this portfolio and reduced unfunded letters of credit by $45 million. Negotiated loan restructures, note sales, and settlements. Closed transactions after receipt of credit approval.• Managed three large credits involved in bankruptcy proceedings and testified in U.S. Bankruptcy Court.• Acted as the Bank’s lead representative in its role as agent in a $100 million, four-bank syndicated credit.

Dallas/Fort Worth Area

• Prepared engineering appraisals on oil & gas properties and evaluated natural gas processing plants securing domestic and international energy loans.• Made recommendations in internal engineering reports regarding appropriate loan amount and structure based on collateral review and cash flow projections.• Marketed the Bank’s energy lending expertise by making joint marketing calls with account officers.• In January 1989, successfully completed the Bank’s six- month Credit Training Program.

Midland, Texas And Houston, Texas

• Performed engineering analyses on ARCO’s oil & gas properties in specific geographic areas leading to recommendations for development drilling, well workovers, recompletions, etc.• Successfully completed ARCO’s two-month Reservoir Engineering School.

Master Of Business Administration (Mba), Finance Concentration

Bachelor Of Science (Bs), Chemical Engineering

Activities and Societies: Tao Beta Pi (National Engineering Honor Society), Omega Chi Epsilon (National Chemical Engineering Honor Society)