David Dally grew up in Midland; though he has lived the last 32 years in Houston. He graduated from Midland High in 1976. He attended Texas A and M University, receiving a BBA Finance in 1979, an MBA Finance in 1981, and MS Geology in 1983. David is a member of AAPG, DPA (certified), EMD, WTGS, PBS-SEPM, HGS, PBPA, and is a Texas licensed geologist. David is the fourth generation in his family to work in the petroleum industry. Like his father before him, David is a prospect generating geologist. He is president and owner of Ring Exploration Inc. For the last 20 years he has partnered with Mr. T. Grant Johnson. They are best known as the two principle partners of Lone Star Production Company. Lone Star has always focused exclusively on the Permian Basin.