The founder and chairman of Moncrief Oil International (“MOIL”), Richard W. Moncrief, is a Petroleum Engineering graduate of the University of Texas, at Austin. In addition to family philanthropic and civic activity, Mr. Moncrief serves on the Development Board of the University of Texas and is the current Chairman of the ALL AMERICAN WILDCATTERS, a 100 member organization of American oil and gas explorationists and producers.

Mr. Moncrief's grandfather, W.A. (Monty) Moncrief founded the Moncrief family oil and gas business in 1935 which remains, today, one of the nation’s most successful independent, privately owned oil and gas producers, working regularly with all of the major oil producers in the United States.

In the late 1930’s, Monty Moncrief was responsible for the discovery of the northern portion of the giant East Texas Oil Field. This field was instrumental in establishing the presence of large hydrocarbon reserves in the United States and will have an ultimate total recovery of six billion barrels.

For the past 70+ years, as leading oil and gas explorers and producers, the Moncrief family has discovered or played a prominent role in the development of numerous major oil fields in Texas, Louisiana, Alaska, Oklahoma, New Mexico, Utah, California, Florida, Colorado, Montana, Wyoming, North Dakota, Alabama, and Mississippi.