David G. Ownby
- Managing Director
- Forensic & Litigation Consulting
- T: +1 713 353 5412
- F: +1 713 353 5459
- 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 at FTI Consulting and is based in Houston. Mr. Ownby is a member of the Forensic & Litigation Consulting segment. 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, and natural gas and coal.
Mr. Ownby’s 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.
The Ownby Companies managed and negotiated crude oil and gas contracts for Coho Resources production sales in Oklahoma, Mississippi and Louisiana as well as assisted in evaluation of acquisitions of reserves. Coho Resources, a public company, was the largest independent producer in Mississippi and one of the largest in Oklahoma. Mr. Ownby provided crude oil trading and marketing services to Adams & Affiliates and Birdcreek Resources, a crude producer in Oklahoma, Texas, and New Mexico throughout the 1990’s.
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 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”.