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 [[Coral Energy LP]] 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).
*'''Coral Energy''' Crossing borders without a passport, Coral Energy buys, stores, and moves natural gas. A Shell Oil subsidiary, Coral Energy (a combination of Coral and pipeline operator Tejas Energy) is the sole marketer of Shell Oil's daily production of 2.1 billion cu. ft. of gas. Coral's 6,100 miles of pipeline run along the Gulf Coast in Texas and Louisiana. It's also building a 100-mile pipeline in northern Mexico with that country's national oil company, PEMEX. Coral designs, constructs, and operates natural gas storage facilities in Texas, Lousiana, and Mexico, and is seeking to corral new profits through electricity marketing. Shell has decided to transfer most of Coral's assets to its InterGen joint venture with Bechtel.
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