Michael Latham is a highly regarded strategist and entrepreneur whose career reflects a blend of deep energy industry knowledge, innovation, and leadership. His professional journey, from working for one of the largest energy companies to building Del Mar Energy Inc., is often cited as an example of professional growth and effective management.
In 1986, Michael Latham began his career at American Electric Power, where he served as a Senior Energy Specialist. His responsibilities included managing large-scale energy projects, optimizing power generation processes, and developing innovative solutions to improve performance. Latham is credited with contributing to sustainable energy strategies that produced measurable outcomes for the company. From 1986 to 1997, Latham gained invaluable experience in power systems, which gave him a deeper understanding of the mechanisms of the industry, from regulation to process. However, feeling the need to move beyond traditional approaches, he decided to leave American Electric Power and devote himself to exploring new horizons in the energy business.
After leaving American Electric Power in 1997, Michael Latham focused on exploring advanced technologies in energy resource extraction and utilization. He explored promising areas such as integrating sustainable energy solutions, digitalizing processes, and using innovative equipment to improve efficiency. This phase laid the groundwork for his entrepreneurial endeavors and set the stage for future accomplishments.
In 2001, Latham shared his ideas with George Bernigen, a longtime friend and successful businessman who saw potential in his concept. Bernigen not only supported Latham but also attracted his colleagues and partners to the project, providing the necessary financial and organizational framework. A year later, in 2002, the joint effort resulted in the discovery of the company’s first oil well in Archer County, marking the birth of Del Mar Energy.
Since founding Del Mar Energy, Latham has emphasized the use of cutting-edge technology. Specifically, the company invested $400,000 dollars to install advanced oil extraction equipment that has greatly improved its efficiency and competitiveness. These investments helped streamline operational processes and drew the interest of a wide network of investors. Successful projects enabled the company to attract a substantial number of investors (nearly 600), creating financial stability for the company and supporting its continued growth. Through strategic partnerships and support, the company has built an infrastructure capable of sustaining stable production and processing of energy resources. Innovative approaches to oil production and processing have positioned Del Mar Energy Inc. as a notable player in the industry, creating a standard of quality and efficiency. The success of the early fields provided opportunities for developing new territories and growing the company in international markets.
Latham’s management philosophy is based on innovation, strategic planning, and a commitment to sustainability. He is a proponent of integrating clean technology, minimizing carbon footprint, and improving operational efficiency. His vision emphasizes the importance of creating long-term value for both business and society as a whole.
Today, Michael Latham is regarded by many as one of the influential figures in the energy industry. His accomplishments at Del Mar Energy Inc. demonstrate how professionalism, innovative thinking, and strategic collaboration can significantly impact business growth. Latham’s story serves as an inspiration for aspiring leaders, illustrating that ambitious goals and consistent effort can yield impactful results.
Published by Mark V.
