David G. Ownby
- Managing Director
- Economic Consulting
- T: +1 713 353 5412
- F: +1 713 353 5456
- First City Tower
- 1001 Fannin, Suite 3950
- Houston, TX, 77002
- United States
- T: +1 800 349 9990
- F: +1 713 353 5459
- Bachelor of Commerce, Rice University
- Expert Testimony
- Litigation Support & Analytical Services
- Energy, Power & Products
David Ownby is a Managing Director in the Oil and Gas Energy practice of FTI Consulting and is based in the Houston office. During his 46-year career in the oil and gas industry, Mr. Ownby has had senior level responsibility for downstream-refined products supply, distribution, and marketing. With in-depth knowledge of oil and gas marketing, trading and processing, and front and back-office management systems, Mr. Ownby has successfully started companies to gather and trade crude oil, refined products, NGLs, natural gas, and coal. His skills include project development management, litigation support, and testimony on FERC regulatory matters. Mr. Ownby was the principal co-founder of Chalkboard, the energy industry’s first electronic trading platform for crude, refined products, and natural gas liquids (NGLs).
From 2006 to 2011, Mr. Ownby was a director at LECG, LLC providing expert witness, litigation support and energy consulting services. From 2004 to 2006, Mr. Ownby was a managing director for FTI Consulting/Lexecon providing mergers and acquisitions (M & A) expertise in the downstream energy sector, in addition to expert witness, energy consulting and trustee services.
From 1990 through 2003, Mr. Ownby owned and operated Ownby & Associates, The Ownby Companies and Ownby Energy Inc., all boutique hands-on energy consulting and marketing firms that specialized in providing services to large and small energy firms to support negotiation of energy contracts, market analysis, master limited partnership strategy, business development, mergers and acquisitions, energy risk management, financial analysis, energy trading, electronic trading platforms and strategy, fuels management and acquisitions, retail marketing, petroleum management systems, and energy sector development. These companies also provided expert witness services and litigation support to both law and energy firms.
In the mid 1990’s Mr. Ownby was the chairman of the board and owner partner of VOG Energy Inc, which with an agreement with The Williams Companies developed Chalkboard the first online electronic trading system for crude oil, refined products, and NGL’s. The Chalkboard platform was the standard in the industry for the electronic physical and paper trading of propane and NGL’s and is now part of the ICE Intercontinental Exchange energy electronic trading platform.
Mr. Ownby began his career in 1971 with Texaco Inc. in retail gasoline marketing in Houston, Texas. At the outset of the Arab embargo in 1974, he moved to OKC Corp., a small refiner, and was responsible for crude and product supply as well as federal regulations compliance. As vice president of marketing, Mr. Ownby was responsible for all sales, purchases and exchanges, scheduling of refined products and acquisitions of feedstock for the refinery. He was additionally responsible for all scheduling, exchange accounting, preparation and analysis of monthly DOE forms, and commercial allocation of the refinery’s production.
Upon leaving OKC Corp. in 1978, Mr. Ownby became executive vice president of Petroleum Trading & Transport, then the largest and oldest reseller and wholesaler of fuels in the mid-continent area. Mr. Ownby performed scheduling and had senior management responsibility for all trading, purchases & exchanges, futures & hedging, scheduling and distribution, legal, financial and credit analysis, data processing, new accounts, and acquisitions including all banking relationships and negotiations. Mr. Ownby had profit and loss responsibility for marketing and was successful in reaching a goal of one billion dollars in wholesale sales.
Mr. Ownby was also a partner in Saddleback Oil and Vance Private Drilling Company in Tulsa Oklahoma in the early 1980's which both successfully drilled and explored for oil & gas in Oklahoma and Texas. In the early 1980's Mr. Ownby was also a partner in Resource System Company, small private oil & gas well logging services company.
Mr. Ownby joined Enron Oil Trading & Transportation (“EOTT”) in 1987 as vice president of refined fuels. He started the refined product trading and wholesale marketing operations for the US and worldwide. EOTT became a shipper in all the major pipeline systems in the US, including the Colonial Pipeline System. His responsibilities included trading, negotiating long and short term supply and exchange agreements, as well as leasing and acquiring pipeline space and terminal and storage facilities. He managed the schedulers and worked with the pipeline companies on nominations and allocations. He also organized the refined products physical and futures trading desk and managed the traders with offices in Houston, West Coast, East Coast, Europe, and Far East. Additionally, he developed and managed Enron’s first alternate fuels division, “Enron Marketing Company”.