Board of Directors
P. Lourcey Sams
P. Lourcey Sams is a co-founder of Pennant Development and Production, LLC (“PDP”). He has served as the President of the PDP since inception in 1998 and currently serves as CEO, Chairman and President.
In addition to his positions with PDP, Sams has served as President of Banner Energy, Inc., an administration entity for numerous limited partnerships and joint ventures engaged in exploration and production. He is also involved in many ventures involving municipal water, real estate, oil and gas, and finance.
Sams is Past Chairmen of the City of Midland Parks and Recreation Advisory Board, and formerly served as a board member of the West Texas Multiple Sclerosis Society. He was previously a member of the Interstate Oil and Gas Compact Commission, the Midland Chamber of Commerce Government Affairs Committee, and the West Texas Hunting Retriever Club and Midland United Girls Softball Association. He currently serves as a member of the City of Midland Managed Competition Committee, the American Association of Petroleum Geologists, the West Texas Geological Society, the Financing Exploration and Production Association, and the American Association of Professional Landmen.
Sams graduated from Austin College in Sherman, Texas in 1977, and currently resides in Midland, Texas.