About Us

Freestone Resources is a Technology Development Company that focuses on innovative solutions for unconventional and conventional oil recovery in economic and environmentally responsible ways.

Freestone is constantly exploring new and innovative technologies. New technology leads to increased revenues by utilizing state of the art products such our revolutionary oil sand extraction and oil remediation technology. We are able to offer these advantages to both our customers and to our own holdings.

After years of research we have introduced Petrozene™ , a revolutionary solvent that is making an impact on many aspects of the gas and oil industry.

Our Team

Michael McGhan
President, CEO, Director
From 1991 to August 2002, Mr. McGhan was a co-founder, President and Chief Executive Officer of Hanover Compressor Co. (now ExterranHoldings, Inc.).Hanover became the largest natural gas compression company in the world with approximately 7,000 compression rental units in the field, and annual revenues over $1.1 billion. In August 2004, Mr. McGhan along with his partners co-founded Valerus Compression Services LLP. Mr. McGhan served as co-CEO and ultimately Vice-Chairman of the company until December 2009. Mr. McGhan and his partners built Valerus into one of the world’s leading providers of natural gas treatment and compression equipment and services to the global oil and gas industry

Don Edwards
Chief Investment Office, Director
Don Edwards is a graduate from Texas Christian University with a BBA degree concentrating in Finance and Economics. Mr. Edwards started his business career with E. F. Hutton where he was a regional OTC Coordinator. He also ran a trading desk for OTC stocks. He later served as either President, CFO, CEO and director for four securities firms as well as a director for two savings and loans. He has been responsible for managing many public and private companies. He has raised start up capital for dozens of both private and public companies. Don also has a background in the Oil and Gas Industry. His family has run a successful Drilling Co. in West Texas for over half a century.

Paul Babb
Chief Financial Office, Director
Paul E. Babb, age 59 is a CPA and served as the Company’s Controller and Director of Financial Reporting since July, 2015 until his appointment as C.F.O. He received his B.S. and M.S. degrees in accounting from Oklahoma State University. He has over thirty years of financial reporting experience in both industry and public accounting. Prior to his employment with Freestone Mr. Babb worked as a consultant for the Thomas Edwards Group & an audit manager for The Hall Group CPAs. His previous experience included ten years as controller for Mapsco, Inc.

Contact Us

Inquire about Freestone
[email protected]
Freestone Resources
101 W. Avenue D
Ennis, TX 75119

Ph: 572-875-8427
Contact: Paul Babb - 214-476-5480
email contact: [email protected]

Investor Relations

Don Edwards
[email protected]