Milestones

1981 Torch Energy Advisors Incorporated formed under the guidance of Torchmark Corporation.  Torch was a subsidiary of Torchmark until 1996.
1982 to 1992 Torch formed over 25 institutional partnerships and ventures for the acquisition and exploitation of oil & gas reserves. Total invested capital exceeded $2 Billion.
1986 Torch assumed management of a group of US partnerships for several UK Institutions.  These partnerships were merged into a shell public company to form Bellwether Exploration.
1987 Torch acquired Energy Assets International Corporation.  EAIC was the General Partner of the EF Hutton Energy Completion Fund Limited Partnerships.
1990 Torch formed Nuevo Energy Company through the roll-up of 10 public and private partnerships.  These partnerships included the EAIC EF Hutton Energy Completion Fund partnerships. Torch managed acquisitions in excess of $1 Billion for Nuevo.
1993 Torch Royalty Trust was formed to monetize Section 29 Tax credits for certain Torch investors.  The Trust was capitalized with over $160 Million. The Trust currently trades on the NYSE.
1995 Torch assumed managerial control of Gulf Canada Resources, Ltd., a major Canadian public oil & gas producing company, at the request of major institutional investors.  A corporate restructuring, acquisition and recapitalization plan was implemented which resulted in transactions exceeding $4 Billion. In 1998, Torch transitioned out of active management of Gulf Canada.
1995 Torch originated and negotiated Nuevo's acquisition of the majority of Unocal's California onshore and offshore oil and gas properties with a total consideration in excess of 500 Million.
1995 Torch Institutional partnerships affected a planned exit strategy through a merger and asset sale with Bellwether.
1995 Torch negotiated the purchase of the Alberta government's 11.7% interest in Syncrude Canada, Ltd., the world's largest producer of high-quality, synthetic crude oil.  This entity was later converted into the Athabasca Oil Sands Trust (a royalty trust) and sold to the public in Canada and the United States. To date, Athabasca (now Canadian Oil Sands Trust) remains one of Canada’s most successful oil and gas trusts.
1996 JP Bryan and a group of key management members acquired Torch through a management buyout.  Over the next nine years, Mr. Bryan acquired all of the equity interests owned by these individuals.
1996 to 1999 Torch initiated a planned exit strategy of the company’s overall relationship with Nuevo. Nuevo assumed complete control of all affairs through its independent Board of Directors and executive management group. Nuevo has since been acquired by Plains Exploration & Production Company.
1999 Torch initiated a planned exit strategy of the company’s overall relationship with Bellwether. Bellwether assumed complete control of all affairs through its independent Board of Directors and executive management group. Bellwether later merged with Bargo Energy, Inc. to form Mission Resources, Inc. Mission subsequently merged with Petrohawk Energy.
2000 Torch's IT subsidiary, Novistar, acquired the Oracle upstream oil and gas software applications through a stock and cash transaction. Novistar provided accounting and administrative support to mid-size to large independent oil and gas producers.
2001 Torch acquired three well servicing companies in the California market. These were merged together to form Torch Rig Services. Upon formation, TRS maintained the third largest well servicing fleet in California.
2002 Torch merged Novistar with Paradyme and susequently changed the name to P2 Energy.  In 2004, P2 Energy merged with The Oil and Gas Clearinghouse and Tristone Capital to form Tristone Energy Services.
2004 Torch formed Live Oak Energy, LLC to acquire substantially all of the producing properties in the Persons Panna Maria Wilcox Field in Karnes County, Texas. In conjunction with this transaction, Live Oak acquired 88.485% of the PPM LLC gas gathering system. These properties were sold in 2005.
2004 Torch formed Big Energy, LLC to acquire a package of oil and gas properties owned by a financial institution. A significant redevelopment and exploitation program was immediately commenced by Torch Energy Services. These properties were sold in 2005.
2004 Torch formed Quivira Midstream Services to pursue the acquisition of natural gas midstream assets. To date, Quivira has made four acquisitions resulting in interests in fifty natural gas pipelines.
2005 Torch formed Permian Basin Well Services. The Permian Basin fleet includes five workover rigs and two reverse units, as well as related support equipment. These units were completely refurbished to meet the requirements of working in the Permian Basin.
2006 Torch sold the assets of Torch Rig Services, Inc. and exited the California market.
2006 Torch formed Resaca Exploitation, LP to facilitate the acquisition of certain Permian Basin oil and gas properties.
2007 Torch formed Torch Renewable Energy, LLC
2008 Torch sold it investoment in P2 Energy Solutions
2008 Torch listed Resaca Exploitation, Inc. on the Alternative Investoment Market of the London Stock Exchange and raised a total of $105.5 million in the IPO.