Ray Reid

Ray Reid is the President of Kentucky Downs Partners, LLC and Kentucky Downs Management, Inc. and a Partner in Richland Hills, Inc. He has 35 years of investment banking, financial advisory, investment and commercial banking experience, including 30 years focused on the oil and gas industry. Prior to forming Kentucky Downs Partners, LLC in 2007, Reid had served as President of R. Reid Investments, Inc. (“Reid Investments”), a private investment banking firm which exclusively served companies engaged in the energy industry. Reid Investments specialized in mergers, acquisitions and divestitures; traditional and non-traditional private placements of debt and equity; and financial reorganizations and recapitalizations. Reid managed each of the firm's principal areas of practice, and was responsible for existing investment banking relationships and the identification of new business opportunities.

Prior to organizing Reid Investments in 1985, Reid spent three years with R.R.Y. Partners in Dallas, eight years with Salomon Brothers in New York and Dallas and two years with Liberty National Bank in Oklahoma City. As the founder of R.R.Y Partners, Mr. Reid was responsible for that firm's oil and gas investment banking, financial advisory and investment activities. Mr. Reid began his career at Salomon Brothers in 1974 in the sales department where he established several significant relationships with Fortune 100 companies. In 1976, Mr. Reid joined Salomon Brothers' investment banking department with responsibilities for merger and acquisition activities. Mr. Reid moved to Dallas in 1978 to assume corporate finance responsibilities for corporations headquartered in the southwest and to manage Salomon Brothers' significant partnership investments in oil and gas. From 1978 to 1982, Mr. Reid was instrumental in developing several new methods to finance oil and gas projects, significantly increasing the size and scope of Salomon Brothers' oil and gas practice.

Mr. Reid received his undergraduate education at Oklahoma State University and his graduate business education at the Wharton School of the University of Pennsylvania.