Lynn Elliott - Owner and President
Lynn Elliott grew up near Goldthwaite, Texas, in the 1950s and 60's. He served in the United States Army and returned to Texas to attend Texas A&M University where he received a BS degree in Economics in 1972. Upon graduation Mr. Elliott was employed by Commodity Credit Corporation for five years after which he decided to seek his future in the Oil and Gas Industry.
He served as a title analyst and landman for various companies primarily in Texas. Beginning with Raymond Oil and Gas as a title analyst and lease negotiator, Mr. Elliott worked with company geologists, engineers and attorneys in title examination, lease acquisition and lease availability checks in geological prospect areas. After several years with Raymond in this limited capacity he moved on to Reata Oil and Gas to assume expanded responsibilities and financial participation opportunities in drilling, production, operation and investor relations. Lometa was formed in late 1986 and operations in Lometa began in early 1987 from continuing revenue from overriding royalties generated at Reata. Lometa has been active in developing geological prospects and participating in developmental drilling. Currently Lometa is active in generating drilling prospects in the Permian Basin.
Lynn currently serves on the Board of Directors of The Bank and Trust of Bryan/College Station. Lynn serves as Trustee/General Partner for Millican Land and Royalty Trust, Elliott Interests, LTD., the Walker Estate Trust II, and the F.L. Pool Family Trust.
Texas Governor Clements appointed Mr. Elliott to the Texas Real Estate Commission in 1988. Governor George Bush appointed Lynn to the Brazos River Authority in 1995. Governor Rick Perry appointed Lynn to an additional term on the Brazos River Authority in 2002. Lynn served on the Board of Directors of Wellborn Water Supply Corporation (late Wellborn Special Utility District) for 17 years, 12 of those years as Board President. He currently serves as Board Chairman of the Board of Commissioners of the South Brazos County Emergency Services District.
He was recently recognized by Texas A&M University by being inducted into the Tyrus R. Timm Honor Registry whose purpose is to recognize and honor those graduates who have distinguished themselves by achieving "the highest standards of integrity and character as recognized by their peers and will reflect positively on the Department of Agricultural Economics and Texas A&M University."
Lynn and his wife Marsha reside on a ranch in southern Brazos County. They have been happily married for 53 years.
About Lometa Petroleum Corporation