Mr. Penney founded Sterling Energy Company in December 2000 and serves as Chief Executive Officer of Sterling Energy. Concurrently, during the period from 2003 to 2007, Mr. Penney served as Vice President and General Counsel of Cantera Natural Gas. Prior thereto, beginning in 1991, Mr. Penney served as Vice President and General Counsel for a series of midstream companies funded by Morgan Stanley Private Equity, including Mountain Gas Resources, Highlands Gas Corporation, and Canyon Gas Resources. Mr. Penney has previously held positions with Getty Oil, Texaco, Home Petroleum and Presidio Oil Company. Mr. Penney holds a B.S. in Business Administration from the University of Kansas, a J.D. from Washburn University, and is a member of the Colorado Bar Association.