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In page Bill Flores:

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In 2006, a group of five oil and gas industry executives, led by Flores as president and CEO, formed Phoenix Exploration Company with $350 million of capital commitments from a group of private equity firms that included Riverstone Holdings and Pinebrook Partners. The company was engaged in oil and gas exploration along the Gulf Coast and the Gulf of Mexico.[2] Flores also served as a director of that company from its formation until he retired in December 2009 to run for public office.[citation needed]