Frank D. Bracken, III is our Chief Executive Officer. Mr. Bracken has served in
this position since January 2012 and has served as a director and Chief Executive
Officer of Lonestar Resources, Inc., our wholly-owned subsidiary, since January
2012. Mr. Bracken previously served as Senior Managing Director of Sunrise Securities
from September 2008 to December 2011 and as Managing Director of Jefferies LLC
from November 1999 to August 2008. During that time, Mr. Bracken led oil and natural
gas transactions, spanning from public and private equity and debt offerings to
joint ventures in the Haynesville Shale to one of the first purchases of a publicly-traded
oil & gas company by a private equity firm. As Chief Financial Officer and
a member of the board of directors at Gerrity Oil & Gas Corp, an NYSE-listed
exploration and production company, Mr. Bracken was responsible for corporate
budgeting and development, acquisitions, equity and debt financing in public and
private offerings, and acquisitions and divestitures. Mr. Bracken holds a Bachelors
of Arts degree from Yale University.
Barry D. Schneider is our Chief Operating Officer. Mr. Schneider has served
in this position since May 2014. Prior to joining us, Mr. Schneider held the
position of Vice President—Northern Region for Denbury Resources, Inc.
from January 2012 to May 2014. Mr. Schneider was at Denbury for 15 years and
held positions of increasing responsibility. After holding the positions of
Vice President, Production & Operations, Mr. Schneider was promoted to Vice
President-East Region in October 2009 and held that position until January 2012
when he became responsible for Denbury’s Northern Region business unit.
Prior to Denbury, Mr. Schneider was employed by Wiser Oil and Conoco-Philips.
Mr. Schneider received his B.S. in Natural Gas Engineering from Texas A&M—Kingsville
in 1985.
Douglas W. Banister is our Chief Financial Officer. Mr. Banister has served
in this position since January 2014 and previously served as Chief Accounting
Officer of Lonestar Resources, Inc., our wholly-owned subsidiary since August
2010. Mr. Banister is a Certified Public Accountant with 30 years of experience
in finance, planning, negotiating and business development. Mr. Banister began
his career in public accounting with Ernst & Young, where he served in various
accountant roles between June 1984 and December 1987. Between December 1987
and April 1990, Mr. Banister served as Corporate Controller for D.R. Horton,
Inc. and, between October 2004 and October 2005, served as VP of finance for
Richmond American Homes. Mr. Banister holds a B.B.A. from Texas Wesleyan University
with an emphasis in accounting.
Thomas H. Olle is our Senior Vice President-Operations. Mr. Olle has served
in this position since August 2010. Mr. Olle has over 35 years of oil and gas
industry experience in multiple facets of the business, such as reservoir management
and management of unconventional resource development projects including horizontal
well field development and tertiary recovery projects. Mr. Olle also has significant
experience with reserve evaluation and reporting, production engineering and
operations, and business development functions including acquisitions, divestitures
and new ventures. During his tenure at Encore Acquisition Company, Mr. Olle
served as Vice President-Strategic Solutions and also held executive positions
responsible for asset management and engineering. He also served as Senior Engineering
Advisor for Burlington Resources from December 1985 to March 2002 and District
Reservoir Engineer for Southland Royalty Company from May 1982 to December 1985.
Mr. Olle holds a Bachelor’s of Science in Mechanical Engineering with
Highest Honors from the University of Texas in Austin.
Jana Payne was appointed our Vice-President of Geosciences in November 2015,
bringing over 25 years of experience in the oil and gas industry. Prior to joining
us, Ms. Payne held the position of Senior Exploitation Manager and Geologist
at Halcon Resources, Inc. from November 2012 to May 2015. Ms. Payne spent eight
years at Petrohawk Energy Inc. from June 2004 to October 2012 (and subsequently
BHP Billiton following its acquisition of Petrohawk) as Geologic Manager and
Senior Geologist, where her initial mapping of the Eagle Ford shale led to the
discovery of the first commercial Eagle Ford Shale well and acquisition of over
300,000 acres by the Company. Ms. Payne’s early career was as a geologist
at Marathon Oil Co. and Petroleum Geo-Services, Inc. Ms. Payne has published
works in learned journals and holds an MSc and BSc in geology from the University
of Texas at Arlington.
John Pinkerton has served as a Director since August 2014 and became Chairman
of the Board in August 2016. He was a director of Range Resources Corporation
(NYSE: RRC) since 1989 and was Chairman of its Board of Directors from 2008
until January 2015. He joined Range as President in 1990 and served as Chief
Executive Officer from 1992 until 2012. Prior to joining Range, Mr. Pinkerton
served in various capacities at Snyder Oil Corporation for twelve years, including
the position of Senior Vice President. Mr. Pinkerton received his Bachelor of
Arts degree in Business Administration from Texas Christian University, where
he now serves on the board of trustees, and a Master’s degree from the
University of Texas at Arlington. During his 27-year tenure Range Resources
grew from its small cap origins to be a $13 billion dollar enterprise with a
pre-eminent position in the Marcellus Shale. As CEO of Range Resources, Mr.
Pinkerton established the technical expertise to enable a drilling-led strategy
complemented by bolt-on acquisitions where synergies would enhance growth. This
resulted in a rapid and impressive increase in the scale of the business, and
seven consecutive years of double-digit growth in both production and reserves
(adjusted for debt). Mr. Pinkerton has widespread skill in the management, acquisition
and divestiture of oil and gas properties—including related corporate
financing activities—hedging, risk analysis and the evaluation of drilling
programs. He has represented the industry in policy matters, serving on the
executive committee of America’s Natural Gas Alliance. We believe that
Mr. Pinkerton’s experience at oil and natural gas exploration companies
qualify him for service on our board of directors.
Henry B. Ellis has served as a director since October 2016. Mr. Ellis presently
serves as managing director and Chief Executive Officer of Bassett California
Co. & The Bassett Company and previously served as a director of several
other boards including Bluebonnet Savings Bank and State National Bank and served
as President of Mbank, El Paso and Chairman and CEO of Grayson County Bank.
Mr. Ellis received his Bachelor of Arts degree in Business Administration from
Texas Christian University. We believe that Mr. Ellis’ financial experience
in the banking industry qualifies him for service on our board of directors.
Bernard Lambilliotte has served as a director since January 2013. Mr. Lambilliotte
served as Chief Investment Officer of Ecofin Limited, a specialist fund manager
in equity, utilities and infrastructure, from 1992 until June 2016. Mr. Lambilliotte
served as an investment manager with Pictet & Cie., private bankers, in
Geneva and London, where he was responsible for the development of sector funds,
having previously been an investment banker with Swiss Bank Corporation in London
and Paris, and with Drexel Burnham Lambert in London. He sits on the board of
directors of Hamon & Cie S.A., an international power engineering group
based in Belgium, and also served as a director of Ecofin Water & Power
Opportunities Plc from February 2002 to March 2014. He graduated from the Université
Libre de Bruxelles with a degree in engineering, and from INSEAD, Fontainebleau,
France where he received an M.B.A. degree. Mr. Lambilliotte is also a trustee
of the Ecofin Research Foundation, a UK-based registered charity, which aims
to promote the development of sustainable, low carbon solutions. We believe
that Mr. Lambilliotte’s background in investment banking and energy investing
qualifies him to serve on our board of directors.
Daniel R. Lockwood has served as a director since May 2014. He also serves
as Vice-President of New Tech Global and is responsible for overseeing and managing
NTG engineering and project management services. Mr. Lockwood is a graduate
of the Colorado School of Mines with a degree in Petroleum Engineering. Dan
joined New Tech Engineering in 2000, and brings with him more than 35 years
of engineering and management experience and is considered one of the industry’s
leading experts in Shale Operations. We believe that Mr. Lockwood’s engineering
and management experience in the oil and gas industry qualifies him for service
on our board of directors.
John H. Murray has served as a director since October 2016. Mr. Murray is Co-Founder,
Executive Chairman and Chief Compliance Officer of Ecofin Limited, roles he
has held since its incorporation in June 1991. Before founding Ecofin Limited,
John headed the corporate finance department and was a member of the management
committee of Swiss Bank Corporation’s London- based investment banking
business. Prior to joining Swiss Bank Corporation, he worked for Morgan Stanley
Group Inc. holding an office which he headed. John is a non-executive director
of the Ecofin Vista Long/Short Fund Limited and the Ecofin Global Renewable
Infrastructure Fund Limited and of the BlackRock Frontiers Investment Trust
plc. John earned his BA in Economics from Williams College and an MBA from Harvard
Business School. We believe that Mr. Murray’s financial experience in
the investment banking industry qualifies him for service in our board of directors.
Stephen H. Oglesby has served as a director since March 2017. Before joining
the company, Mr. Oglesby served as Head of Energy, US Commercial Bank at Citibank,
where he managed multiple offices and oversaw financial services provided to
various private and public companies in the oil and gas industry, from December
2003 to January 2017. Mr. Oglesby previously served on the board of directors
of various private companies, including Advanced Coiled Tubing, where he served
as Chairman of its board of directors, Blackwell Plastics, and Goodman Manufacturing.
Mr. Oglesby holds a Bachelor of Science in Accounting from Southern Illinois
University. We believe that Mr. Oglesby is qualified to serve on our board of
directors because of his extensive experience in financial services for diversified
corporate and energy clients, and his background in finance and accounting.
Dr. Christopher Rowland has served as a director of Lonestar since January
2013. He is also director of Special Situations for EF Realisation where he
is responsible for initiating and monitoring and realizing investments. Prior
to joining EF Realisation in 2006, Dr. Rowland formed and led equity research
teams over a 20-year period at several investment banks, including Merrill Lynch
and Dresdner Klienwort Benson. Apart from his career as a research analyst,
Dr. Rowland spent time setting up an alternative generator to buy coal-fired
power stations in 1993. He has a Ph.D. for his research into the economics of
UK oil taxation and holds a MSc (Econ) from the University of London and a BSc
in Economics from the University of Bath. We believe that Dr. Rowland’s
academic background in economics and his professional experience in finance
and energy investment qualify him to serve on our board of directors.
Randy L. Wolsey has served as a director since January 2017. Mr. Wolsey is
the founder and since February 2015 has been a co-owner of Lone Oak Minerals,
a private company involved in the acquisition and selling of oil and gas minerals.
Since January 2012, he has also been the owner of Solana, a private company
involved in oil and gas and real estate investments. He is also the founder
and since June 2006 has been a co-owner of Tanglewood Exploration, a private
company involved in oil and gas exploration and production. He previously held
management positions at companies including Glen Rose Oil & Gas and Justin
Exploration. Mr. Wolsey received his Bachelor of Arts degree in Political Science
from Midwestern State University. We believe that Mr. Wolsey’s experience
in the oil and gas industry qualifies him for service on our board of directors.
