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Banking Fort Worth's Goff invests in Denver-based energy firm

Fort Worth’s Goff invests in Denver-based energy firm

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Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Fort Worth-based businessman and investor John C. Goff has purchased 5.7 percent or 4.44 million shares of stock in Resolute Energy Corp. of Denver.

The investment was disclosed in an SEC filing that listed Goff and several associated firms as making various stock purchases.

Resolute Energy is an independent oil and gas company engaged in the exploitation, development, exploration and acquisition of oil and gas properties. The company’s asset base consists primarily of properties in Aneth Field located in the Paradox Basin in southeast Utah, the Permian Basin in West Texas and southeast New Mexico, and the Powder River and Big Horn Basins in Wyoming. Approximately 86 percent of its estimated net proved reserves were oil and approximately 92 percent were oil and natural gas liquids (NGL).

Resolute Energy announced in early June that it received a letter dated June 1, 2015, from the New York Stock Exchange informing the company it has regained compliance with the NYSE’s continued listing standards. The company was notified in February that it had fallen out of compliance with the requirement that the company’s common stock be above $1 per share over 30 consecutive trading days. Resolute Energy’s stock closed at $1.02 at close of the day on Monday.

Real estate investor Goff co-founded Crescent Real Estate Equities with Richard Rainwater in the early 1990s, eventually taking the company public. He sold the company in 2007, but then reacquired Crescent in a joint venture with Barclays Capital. Goff now serves as chairman and CEO of Crescent Real Estate Holdings. He is also founder and managing principal of Goff Capital Partners, a private equity firm that invests in real estate debt and equity. Goff’s family office, Goff Capital, invests in public equities and debt, distressed debt, oil and gas, and private equity. Goff was also a producer behind the Academy Award-nominated movie, Albert Nobbs, that starred Glenn Close.


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