It has also improved the company's debt-position and made Cazalot an immensely wealthy man. He earned a reported $6.5 million in compensation in 2008, making him nominally one of the highest paid executives in Houston. He is a member of the board of Baker Hughes and the Oil and Natural Gas Industry Labor-Management Committee. He is a general member of the Council on Competitiveness, the exclusive All-American Wildcatters Association, a number of other industry associations, and several local business groups in the Greater Houston area.
