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On February 10, 2003, the [http://www.apachecorp.com Apache Corporation], a large independent oil and gas exploration and production company with existing core operations in the United States, Canada, Egypt, Western Australia and China appointed Precourt to its board of directors. He had previously served on Apache's board from July 1992 to August 1995.
Precourt has been Chairman of the Board and CEO of [[Scissor Tail Energy, LLC]] (a natural gas pipeline company) since 2000 and Chairman of the Board of [[Hermes Consolidated, Inc.]], Denver, CO, since 1999. Both Scissor Tail and Hermes gather, transport, and process crude oil, natural gas and natural gas liquids. He was Vice Chairman and CEO of the [[Tejas Gas Corporation]] from 1986 to 1999 and its president from 1996 to 1998. He was also Chairman of the Board of [http://www.coral-energy.com/ Coral Energy L.P.] (an affiliate of Shell Oil Company)[http://www.coral-energy.com/default.asp?sub=yes&bg=ban_profile.jpg&pageid=55265&subnavid=none] from 1996 to 1999. Both Tejas and Coral primarily focused on transportation, processing, and marketing of natural gas.
He was re-elected as a director of The [[Timken Company]][http://www.steelnews.com/people/april02/people_april04.htm] in April 2002, and is currently chairman of its audit committee. He is Chairman of the Board and Director of [[Founders Funds, Inc.]] and a member of [http://www.tipro.org/ TIPRO] (Texas Independent Producers and Royalty Owners Association).
*'''Tejas Gas Corporation''', once part of the Tejas Arcadian Holding Company, is parent to Tejas Gas Corporation, Acadian Gas Corporation, and Transok, Inc. Tejas Gas Corporation was acquired by Shell Oil Company in January 1998.[http://www.magnumhunter.com/aboutmhr/officers.htm]
*[http://www.ftc.gov/os/1998/9810/9810166cmp.htm Shell Oil Company and Tejas Energy]: Federal Trade Commission Complaint re "to lessen competion .. to create a monopoly."
*[http://www.coral-energy.com/ '''Coral Energy'''] is "the marketer of Shell's North American natural gas production ...and aligned with InterGen, a joint venture of Shell and Bechtel and a 30-percent equity owner of Coral.[http://www.coral-energy.com/default.asp?sub=yes&bg=ban_whoarewe.jpg&pageid=29103&subnavid=none]
