Mr. James C. (Jim) Musselman founded Dallas-based Caelus in January 2011. He brings an impressive track record of leading successful oil and gas ventures to the company.
Prior to establishing Caelus, Mr. Musselman was one of five founding partners of Kosmos Energy, where he was chairman and chief executive officer until December 2010. Under Mr. Musselman‘s leadership, Kosmos experienced tremendous growth and success. Kosmos’ Mahogany-1 exploration well discovered the Jubilee Field offshore the Republic of Ghana in 2007. The Jubilee Field is regarded as one of the most important oil discoveries offshore West Africa during the last decade, and one of the largest finds in the world. Kosmos and its company partners developed the Jubilee Field and delivered its first oil in late November 2010.
Before leading Kosmos Energy, Mr. Musselman was president and chief executive officer of Triton Energy, an independent international oil and gas exploration and production company. Mr. Musselman secured a $350-million private equity infusion for Triton that enabled the company to pursue oil and gas ventures offshore West Africa. The company made several significant oil discoveries offshore Equatorial Guinea, including the Ceiba oil field, which was developed in record time. The company also discovered and developed several major natural gas fields in the Malaysia/Thailand Joint Development Area in the Gulf of Thailand. Triton was sold to Hess Corporation in 2001 for $3.2 billion. After the sale, Mr. Musselman served as a senior advisor to Hess Chairman and CEO John Hess.
Previously, Mr. Musselman was founder and operator of JM Petroleum Corporation, a crude oil gathering and purchasing company with more than $1 billion in annual sales. He later sold the company to Wesray Capital Group.
Following the sale of JM Petroleum Corporation, Mr. Musselman assembled an influential investor coalition that secured the first Class 1 horserace license in the Dallas/Fort Worth area. After the license award, Musselman led the design, construction, and initial operation of the Lone Star Park racetrack facility in Grand Prairie, Texas.
Mr. Musselman began his career practicing law at Strother, Davis, Musselman and Hill with responsibility for oil and gas financing. He is a graduate of Duke University and the University of Texas School of Law.