homepage logo

David Freshwater Named West Virginia Oil & Gas Man of the Year

By Staff | Sep 12, 2018

For outstanding achievement and leadership in the West Virginia Oil and Gas Industry, Mr. David A. Freshwater has been chosen for the 2018 “West Virginia Oil and Gas Man of the Year.”

During the 50th West Virginia Oil and Gas Festival, Mr. Freshwater will be honored at a special luncheon to be held at the historic First Presbyterian Church, Saturday, Sept. 15. Immediately following the luncheon, he will serve as Parade Marshal for the “Grand Oil and Gas Trophy Parade.” Due to anticipated river flooding, all Oil & Gas Festival happenings scheduled for the park have been canceled. The luncheon, parade, and art exhibits will still take place.

David A. Freshwater grew up in Reedy, W.Va. and was introduced to the oil and gas industry by his father, who worked for Hope Gas and its predecessors, at a very young age. He graduated from Spencer High School in 1963, enlisted in the United States Army and served in Vietnam. Upon discharge from the US Army, he began his search for his work career. After working for Viscose, Purity Bakery, Hope Gas, Ayward Pursley Well Services and others, he began to recognize his career path would be in the oil and gas industry.

In 1970, at the age of 25, Freshwater founded David A. Freshwater Well Service (later known as Petro Services), a conventional well servicing company.

In 1974, Freshwater was approached by Reeves Lewenthal, a U.S. Art pioneer turned oil and gas developer, to lease and develop oil and gas properties. Between 1975 and 1981, Lewenthal, Freshwater, and his partner Richard L. Mann – backed by New York Investment Bank, Allen & Company – drilled several hundred wells throughout the Appalachian Basin. In 1981 they merged entities to create Allegheny & Western Energy Corporation (A&W), a publicly held company. In addition to being a major shareholder, Freshwater became vice president of operations. The company later expanded with their purchase of Columbia Gas of West Virginia which today is known as Mountaineer Gas Company. With over 6,000 miles of pipeline, Mountaineer Gas became the largest gas utility company in West Virginia. Freshwater had the opportunity and re-purchased the majority of the Petro Services assets, and today continues the company as ConServ. Today, ConServ provides contracting services to a number of oil and gas related companies throughout the entire U.S.

From 1975 to present, Freshwater invested and drilled oil and gas wells throughout west central West Virginia. In 1998 he consolidated his various oil and gas holdings and co-founded, with his son, Reserve Oil & Gas , Inc. – which continues to produce and drill new oil and gas wells in West Virginia.

In addition to ConServ and Reserve, Freshwater is president of Essex Energy Investments, Inc. and is a managing member of Spencer Handimart, LLC convenience stores, Arbor Holdings, LLC real estate, United Gas Pipeline Company, LLC and Ajax Pipeline Company, LLC gathering pipeline companies, and Apollo Air, LLC. Freshwater served as a Board Member of the First Neighborhood Bank of Spencer for 21 years and as a governor appointed commissioner to the West Virginia Parkways, Economic Development and Tourism Authority. Freshwater is a member of the Sons of the American Revolution (SAR) and a recipient of the Boy Scouts of America’s Silver Beaver Award. He was named Roane County (W.Va.) Citizen of the Year in 2008. Mr. Freshwater’s hobbies are: traveling, motorcycling, flying in his Cessna King-Katmai and is an avid reader.

David resides at Maple Hills Farm in Spencer, W.Va. with his wife of 50 years, Suzanne. He has three children – Scott Freshwater (Sara) of Spencer, Amy Childress (Brett) of Charleston and Andrea Keaton (Quinton) of Spencer and eight grandchildren.