Overview –
Mr. Ogle is a senior advisor of the Claro Group located in Houston, Texas. Mr. Ogle brings more than 35 years of experience working with troubled companies, insolvencies, turnarounds and workouts representing debtors, creditors, investors and governmental agencies. He has extensive experience in the upstream and downstream oil and gas industries, as well as the retail, airline and service industries. In addition, Mr. Ogle has personally handled Chapter 11 trustee assignments, chief restructuring officer roles, and advised Official Creditor Committees, debtors and secured lenders in and out of bankruptcy.
Prior to joining the Claro Group, Mr. Ogle served as the chief financial officer of Ute Energy, Inc., owned by the Ute Indian Tribe, a director in the corporate recovery services practice for Huron Consulting, and a partner at Arthur Andersen LLP, where he started their corporate recovery services practice in Houston.
Experience +Served as the Chapter 11 trustee for Wave Energy an oil and gas company in Texas. The founder and president of this company plead guilty to mail fraud. Additionally, responsibilities include: controlling of the assets and records of the company, managing operations and production, investigating fraudulent conveyances and preferences, mediating mineral ownership disputes, prosecuting and defending against litigation, claims objections, and currently in the process of selling remaining production and leases in South Texas.
Served as the Liquidating Trustee for multiple public oil and gas companies post-Chapter 11 after selling all of its operating assets, managing claims and claims objections, winding down the public companies and making a final distribution to creditors.
Served as the Hold Separate Trustee appointed by the Federal Trade Commission (FTC) for the assets to be divested from Kinder Morgan until they are sold. His duties include the review and monitoring of the transaction to confirm that the assets are maintained and operated consistent with the Consent Decree and Hold Separate Orders.
Served as the Receiver for a Federal District Court receivership, including investigating the failure to remit over $104 million in payroll taxes, fraudulent conveyances, selling operating businesses, liquidating assets and bringing law suits to collect receivables and diversion and transfers to insiders and others.
Served as the Chief Restructuring Officer for AtinumMidcon I LLC an oil and gas production company which included negotiations and litigation with land owners and royalty owners, a sale of all of the operating assets and the confirmation of a Plan of Reorganization.
Served as the financial and industry advisor to multiple Official Unsecured Creditor Committees in the oil and gas industry and a large convenience store business. These services included monitoring the debtor’s post-petition activities and investigating pre- petition activities, negotiation of a Plan of Reorganization and valuation services.
B. S., Accounting, Southern Illinois University – Edwardsville, 1971
M. S., Accounting, University of Missouri – Columbia, 1975
Certified Public Accountant, Texas, 1975
Certified Turnaround Professional, Turnaround Management Association, 1995
Certified Insolvency and Restructuring Accountant, 1997
American Institute of Certified Public Accountants
Texas Society of Certified Public Accountants (TSCPA) and former secretary
Houston Chapter of the TSCPA and former president
American College of Bankruptcy, Fellow
Association of Insolvency and Reorganization Accountants
American Bankruptcy Association
Turnaround Management Association, founder of the Houston Chapter and past president
National Association of Corporate Directors
