Our Highly Qualified Board
Our experienced Board is committed to delivering on our potential.
Further strengthening our Board is a priority for us, and we have added four new independent directors since 2023.
nine proven leaders in the oil & gas industry
Independent Director
Age: 50
Service Commenced: 2016
Board Committees:
Audit (Chair)
Compensation
Other Public Company Directorships:
Energy XXI (April 2018 – October 2018 when merged with Cox Oil)
Royale Energy (January 2018 – July 2018)
Private Company Directorships and Other Organizations:
Director, ARM Energy Holdings, LLC (since 2023)
Director, Salt Creek Midstream LLC (2018 – 2020)
Mr. Ellisor is an experienced executive and director with financial expertise, especially in raising capital and advising on business opportunities for companies in the oil and gas industry.
Career Highlights:
- 3BAR Industries, LLC, a construction company focused on land clearing, excavation and reclamation services
- Managing Partner (since 2021)
- Three Rivers, private equity oil and gas acquisition vehicles focused on the Permian Basin and backed by Riverstone Holdings
- Chief Financial Officer, Three Rivers Operating Company II (2012 – 2015 when sold)
- Chief Financial Officer, Three Rivers Operating Company I (2010 – 2012 when sold)
- Rivington Capital Advisors, a boutique investment banking firm specializing in raising private capital and providing merger and acquisition advisory services for the energy and production sector
- Partner (2008 – 2010)
- Held various positions at First Interstate Bank, Wells Fargo and BNP Paribas
Qualifications:
- Accounting & Financial Reporting and Finance / Capital Allocation
Acquired significant financial experience and acumen through his close to 25 years in the finance sector of the oil and gas industry, strengthening the Board’s accounting, financial reporting and finance / capital allocation oversight efforts
- Business Development / Mergers and Acquisitions
Developed extensive expertise in executing strategic transactions throughout his career, including as a principal at Rivington Capital, where he was involved in M&A, capital raising and advisory services, and while serving as CFO at both Three Rivers I and II, which sold in less than five years for aggregate proceeds totaling over $2.25 billion, contributing to the Board’s ability to assess major business development and strategic transaction decisions
- E&P Industry
Served in financial and advisory roles within the oil and gas industry, resulting in a broad and valuable understanding of successfully raising capital for energy companies, enhancing the Board’s strategic perspective on the complex challenges of raising capital in the global marketplace
- Mr. Ellisor also brings to the Board:
- Executive leadership experience as a former chief financial officer
- Broad public and private company board service experience
Education:
- B.B.A., Finance, Texas Christian University
Independent Director
Age: 59
Service Commenced: 2023
Board Committees:
Audit (since May 2023)
Nominating and Strategy (since May 2023)
Other Public Company Directorships:
The Metals Company (since 2022)
Black Hills Corporation (since 2019)
Maersk Drilling (CPH) (2019 -2021)
Private Company Directorships and Other Organizations:
Director, Höegh LNG Partners LP (since 2017)
QMAX Solutions Inc. (2017 – 2019)
Ms. McAllister is an experienced public company executive and director with operational and financial expertise at companies in the energy value chain. Ms. McAllister retired as Chief Executive Officer at Transocean Partners LLC in 2016.
Career Highlights:
- Transocean Partners LLC, an offshore drilling contractor
- President, Chief Executive Officer and Director (2014 – 2016)
- Chief Financial Officer (2016)
- Vice President and Treasurer, Transocean Ltd. (2011 – 2014)
- Held roles of increasing responsibility in corporate and operations, finance, treasury, accounting and tax
- Served in various finance, treasury, accounting and tax roles at Baker Hughes Company, Helix Energy Solutions Group, Inc., Veritas DGC Inc. and Deloitte & Touche LLP
Qualifications:
- Accounting & Financial Reporting and Finance / Capital Allocation
Acquired significant financial experience and acumen throughout her career serving in executive and other senior roles supervising financial functions at large multinational companies, strengthening the Board’s accounting, financial reporting and finance / capital allocation oversight efforts
- Corporate Governance
Developed and maintains significant expertise in corporate governance practices and reporting to all stakeholders through extensive experience including leading the formation of Transocean Partners LLC, oversight of complex U.S. and international ownership structures, and contested situations, strengthening the Board’s understanding of best in class governance practices and reporting
- Strategic Planning and Risk Management
Served in executive leadership and management roles at capital-intensive global companies in the energy value chain, enhancing the Board’s strategic perspective on the complex challenges of operating a cyclical business and raising capital in the global marketplace
- Business Development / Mergers and Acquisitions
Developed extensive expertise in executing strategic transactions including energy mergers, acquisitions, divestitures and public securities transactions over her career, which included leading the initial public offering of Transocean Partners in 2014, contributing to the Board’s ability to assess major business development and strategic transaction decisions
- Ms. McAllister also brings to the Board:
- Executive leadership experience, as a former chief executive officer and chief financial officer
- Extensive public and private company board service experience
- Experience and expertise in operations, cybersecurity risk oversight and sustainability/ESG
Education and Recognitions:
- B.S., Accounting, University of Houston-Clear Lake
- Certified Public Accountant
- National Association of Corporate Directors (NACD)
- Directorship 100 Honoree (2023)
- Board Leadership Fellow (since 2018)
- Maintains CERT Certificate in Cybersecurity Oversight
Independent Director
Age: 69
Service Commenced: 2016
Board Committees:
Compensation
Nominating and Strategy (since May 2023)
Other Public Company Directorships:
Energy XXI (2016 – 2018 when merged with Cox Oil)
Private Company Directorships and Other Organizations:
Director, General Exploration Partners (2009 – 2012)
Director, Lewis Energy Group (2004 – 2007)
Mr. Wampler is an experienced executive and director with decades of operational experience in various facets of the oil and gas industry.
Career Highlights:
- Resource Rock Exploration II, LLC, a company focused on acquiring and developing oil and gas properties
- Chairman, CEO and President (since 2017)
- Aspect Holdings, LLC, a privately owned exploration and production company
- Chief Operating Officer (2007 – 2016)
- President, Aspect Energy (2007 – 2009)
- President of General Exploration Partners, Inc., a subsidiary of Aspect Holdings, engaged in the exploration, development and production of crude oil and natural gas reserves in Iraq (2009 – 2012)
- Lewis Energy Group, a privately owned exploration and production company
- Chief Operating Officer (2004 – 2007)
- EOG Resources, an energy company engaged in hydrocarbon exploration
- Division Operations Manager and Drilling Manager (1984 – 2004)
- Held several engineering positions with Valero Producing Company and Kerr-McGee
Qualifications:
- Operations
Acquired significant operational experience and knowledge throughout his career serving in executive and other senior roles supervising the day-to-day domestic and international operations of large multinational energy sector companies, contributing to the Board’s knowledge of operational risks and opportunities
- E&P Industry
Served for decades in executive leadership and management roles at companies in the oil and gas industry, broadening the Board’s understanding of the complex challenges of operating an exploration and production company
- Sustainability/ESG
Developed extensive expertise in overseeing employee safety and minimizing environmental impacts of operations while serving in roles with responsibility for managing all aspects of the domestic and international operations of oil and gas exploration and production companies, enhancing the Board’s ability to assess the Company’s health and safety and environmental management initiatives, including policies, processes and outcomes
- Mr. Wampler also brings to the Board:
- Executive leadership experience, as a current chief executive officer and former chief operating officer
- Broad public and private company board service experience
- Experience in corporate governance and accounting & financial reporting, complementing operational background
Education:
- B.S., Petroleum Engineering, University of Louisiana at Lafayette
Independent Director
Age: 67
Service Commenced: 2023
Board Committees:
Nominating and Strategy (since February 2024)
Other Public Company Directorships:
Plains All American Pipeline (since 2022)
Ms. DeSanctis is an experienced public company executive and director with over four decades of diverse E&P industry experience and a strategic, stakeholder-focused background. Ms. DeSanctis retired after approximately 45 years in the oil and gas industry in 2022.
Career Highlights:
- ConocoPhillips, a global, diverse, large cap upstream oil and gas company
- Senior Vice President of Corporate Relations (2012 – 2022)
- Prior to ConocoPhillips, held various positions relating to investor relations, corporate communications, strategic planning and stakeholder engagement for several upstream energy companies, including Petrohawk Energy Corporation, Rosetta Resources, Burlington Resources, Vastar Resources and ARCO
- Began her career with Shell Oil Company, where she held various production engineering and operations positions
Qualifications:
- E&P Industry
Gained extensive knowledge and experience through her career in the oil and gas industry, serving in diverse leadership and executive roles responsible for operations, financial reporting and budgeting, investor relations, strategic planning, corporate communications and stakeholder engagement functions, contributing valuable industry insights to the Board
- Strategic Planning and Risk Management
Developed extensive expertise in strategic development and planning, enhancing the Board’s ability to assess the Company’s business development plans and decisions to create sustainable value for shareholders
- Corporate Governance
Acquired significant expertise in overseeing and communicating about governance practices through her substantial experience developing and implementing communications strategies across broad stakeholder groups on issues related to corporate strategy, governance, corporate social responsibility, compensation, and DEI, strengthening the Board’s understanding of best in class governance practices, engagement and disclosure
- Finance/Capital Allocation
Developed expertise through her executive leadership roles that included responsibilities for supporting financial communications focused on financial reporting and capital allocation strategies, and financial roles held at the start of her career
- Sustainability/ESG
Developed the environmental, social and governance (“ESG”) brand and programs at both ConocoPhillips and Burlington, maintaining an integral role in publishing and engaging on ESG matters internally and externally
- Ms. DeSanctis also brings to the Board:
- Executive leadership and public company board service experience
- Expertise in accounting & financial reporting and business development / mergers and acquisitions
- Extensive experience in shareholder engagement and communication
Education:
- B.A., Geological and Geophysical Sciences, Princeton University
- M.B.A., UCLA
Independent Director
Age: 58
Service Commenced: 2016
Board Committees:
Audit
Nominating and Strategy (Chair)
Public Company Directorships:
Madagascar Oil Limited (LSE) (2015 – 2016)
Private Company Directorships and Other Organizations:
Sentinel Peak Resources (since 2015)
Mr. Duginski is an experienced public company executive and director with operational industry-related expertise.
Career Highlights:
- Sentinel Peak Resources, a company focused on the acquisition and development of oil and gas assets
- Co-Founder, President and Chief Executive Officer (since 2015)
- Berry Petroleum Company, a company focused on production, development and acquisition of oil and gas assets
- Chief Operating Officer and Executive Vice President (2007 – 2013 when sold to Linn Energy)
- Vice President, Corporate Development (2002 – 2007)
- Texaco, an oil and gas company
- Held various positions including included Production Manager, Director of New Business Development, Gas and Power Operations Manager, and engineering and leadership roles for several U.S. heavy oil fields (1988 – 2002)
Qualifications:
- Strategic Planning and Risk Management
Acquired an in-depth understanding of the planning and oversight necessary for growing an organization in the cyclical oil and gas industry over his more than 35 years in the sector, with responsibility for corporate strategic planning, strengthening the Board’s ability to assess the Company
- Operations
Gained significant experience while serving in executive leadership and management roles leading all operations, including overseeing production, reserves and drilling at oil and gas companies, contributing to the Board’s ability to redefine its long-term strategies while providing effective oversight of management
- Business Development / Mergers and Acquisitions
Developed extensive expertise in identifying and executing corporate development initiatives over his more than 35-year career in positions with responsibility for growing organizations and serving in a leadership role at Berry Petroleum during its acquisition by Linn Energy, enhancing the Board’s ability to assess major business development and strategic transaction decisions
- Mr. Duginski also brings to the Board:
- Executive leadership experience, as a current chief executive officer and former chief operating officer
- Experience and expertise in corporate governance, sustainability/ESG, cybersecurity risk oversight, and accounting & financial reporting
- Extensive E&P industry and public and private company board service experience
Education:
- B.S., Mechanical Engineering, University of Arizona
- M.B.A., California State University, Bakersfield
Independent Director
Age: 55
Service Commenced: 2023
Board Committees:
Audit (since May 2023)
Compensation (since May 2023)
Public Company Directorships:
Superior Plus Corp. (since 2023)
CrossFirst Bankshares, Inc. (since 2013)
Private Company Directorships and Other Organizations:
Director and member of the Investment Committee (since 2022) and Audit Committee Chair (since 2024), CompSource Mutual Insurance Company
Certarus Ltd. (2022 – 2023, when sold to Superior Plus)
Member, Oklahoma Society of Certified Public Accountants
Member, American Institute of Certified Public Accountants
Ms. Grigsby is a professional accountant with more than 30 years of progressive senior management experience in accounting, treasury, risk management, corporate governance and corporate finance, primarily in the oil and gas exploration and production industry. Ms. Grigsby is currently a principal at Amethyst Investments, a passive financial investment company.
Career Highlights:
- Amethyst Investments, LLC, a passive financial investment company
- Co-Founder and Principal (since 2014)
- State of Oklahoma
- Secretary of Economic Administration (2021 – 2022)
- Ascent Resources, LLC, an oil and gas exploration and production company
- Executive Vice President and Chief Financial Officer (2015 – 2020)*
- American Energy Partners, an oil and gas exploration and production company
- Chief Financial Officer, American Energy – Woodford, LLC and CEO and Chief Financial Officer, American Energy Minerals, LLC (February 2015 – July 2015)
- Chesapeake Energy Corporation, an exploration and development oil and natural gas company
- Served in various executive roles including Senior Vice President, Treasurer and Corporate Secretary and Senior Vice President – Corporate and Strategic Planning (1995 – 2014)
Qualifications:
- Accounting & Financial Reporting and Finance / Capital Allocation
Acquired expertise in accounting, treasury, and corporate finance over her career serving in executive and other senior roles supervising the financial functions at companies such as Ascent Resources, where she was responsible for the corporate finance, financial planning and budgeting and accounting functions of the organization, strengthening the Board’s accounting, financial reporting and finance / capital allocation oversight efforts
- E&P Industry
Served for more than 30 years in senior financial management roles, primarily in the oil and gas exploration and production industry, contributing to the Board’s understanding of the industry, its customers and potential challenges
- Strategic Planning and Risk Management
Developed extensive expertise in strategic planning and risk management through her career in financial roles, including as Secretary of Economic Administration for the State of Oklahoma, where she oversaw more than 20 state agencies and was an integral part of Governor J. Kevin Stitt’s 15-member cabinet with a collective goal to make Oklahoma a top-ten state for business and deliver taxpayers more for their money, strengthening to the Board’s ability to assess the strategic plans and management of risk of the Company. Additionally, at Chesapeake, Ms. Grigsby was responsible for the organization’s risk management function as Senior Vice President, Treasurer and Corporate Secretary and for the financial and strategic planning functions as Chesapeake’s Senior Vice President – Corporate and Strategic Planning
- Business Development/Mergers and Acquisitions
Gained through extensive experience overseeing corporate transactions through her role as Chief Financial Officer at several oil and gas companies, including a series of asset acquisitions completed during her tenure at Ascent Resources that transformed the company into one of the largest privately-held exploration and production companies in the U.S.
- Ms. Grigsby also brings to the Board:
- Executive leadership experience, as a former chief financial officer
- Extensive public and private company board service experience
- Experience and expertise in corporate governance and cybersecurity risk oversight
Education:
- B.S., Accounting, Oklahoma State University
- M.B.A., Oklahoma City University
- Certified Public Accountant and Chartered Global Management Accountant
- National Association of Corporate Directors (NACD) Directorship Certified
Independent Director
Age: 66
Service Commenced: 2024
Board Committees:
To be assigned
Other Public Company Directorships:
PROS Holdings, Inc. (since June 2021)
Private Company Directorships and Other Organizations:
Advisory Board, Pulsely, Inc. (since 2021)
Advisor, FTI Consulting (since 2021)
Advisory Board, Ally Energy (2021 - February 2024)
Director, SEARCH Homeless Services (2019 – February 2024)
Mr. Jourdan is an accomplished oil & gas industry leader with more than four decades of experience in identifying and capitalizing on growth opportunities in the energy sector and leading teams in global commercial and business development, trading, marketing and engineering functions. He also contributes to the Board his expertise and deep insights related to scaling businesses, transforming operations in response to market dynamics and advancing a more diverse and inclusive corporate culture.
Career Highlights:
- Chevron Corporation, a multinational oil and gas company
- Chief Diversity and Inclusion Officer (2018 – 2021)
- Senior Management Sponsor (2016 – 2018)
- Vice President, Commercial and Business Development, IndoAsia, Indonesia (2010 – 2015)
- Vice President and General Manager, Commercial and Business Development, Asia South, Thailand (2005 – 2010)
- General Manager, LNG Business Development and Director, Origination (2003 – 2005)
- Board of Directors, Amata Natural Gas Company, Chevron joint venture company (2005 - 2010)
- Board of Directors, Electricity Generating Public Company Limited, Chevron joint venture company (2005 - 2010)
- El Paso Corporation, a former leading natural gas producer that was acquired by Kinder Morgan in 2012
- Managing Director, Global Liquefied Natural Gas (2001 – 2003)
- Director, Natural Gas Trading (1999 – 2001)
- PG&E Corporation, a public utility holding company whose primary operating subsidiary is Pacific Gas and Electric Company
- Director, Natural Gas Trading, Energy (1997 – 1999)
- Held various management, business development and marketing roles at Consolidated Natural Gas Company (acquired by Dominion Energy Inc. in 2000)
- Started his career in the United States Army, obtaining the rank of Captain (1978 - 1983)
Qualifications:
- Business Development / Mergers and Acquisitions
Obtained throughout his career in commercial development and marketing roles, including during his more than 15-year career at Chevron where he oversaw the closing of several multibillion dollar projects, including a successful closure of a ten-year concession extension with a foreign government in Southeast Asia and supply agreements with its national oil company. He also led cross-functional commercial and technical teams in IndoAsia overseeing the divestiture of a major capital project that generated significant above-target investment returns.
- E&P Industry Experience
Developed throughout his many leadership roles with oil & gas companies, including as Managing Director of El Paso Corporation, where he was responsible for the successful closure of the company’s 20-year capacity contract and winning of a competitive bid to provide commodity and transportation management services to a multi-national independent power producer. Additionally, while serving as Vice President, CNG/Sabine Market Center at Dominion Energy, Mr. Jourdan led the start-up of the largest at that time physical natural gas hub on the continent.
- Sustainability/ESG Experience
Acquired through his service and with a human capital focus as Chief Diversity and Inclusion Officer of Chevron, a Fortune 10 company, where he oversaw the company-wide diversity, equity and inclusion strategy, in addition to his prior responsibility for leading organizational development for all enterprise functions at the senior management level.
- Mr. Jourdan also brings to the Board:
- Executive leadership experience as former chief diversity and inclusion officer
- Public and private company board service experience
- Experience and expertise in E&P Industry, international and domestic LNG markets, natural gas trading and business development and as a DEI leader and adviser
Education and Recognitions:
- B.S., National Security and Foreign Affairs with concentration in General Engineering, United States Military Academy at West Point
- Business Insider Recognition as One of 100 People Transforming Business in North America (2020)
- Washington Post Contributor (since 2021)
- Harvard Business Review Contributor (since 2021)
Independent Director and Chairman of the Board
Age: 71
Service Commenced: 2016
Board Committees:
None
Other Public Company Directorships:
Warrior Technologies Acquisition Company (2021 – 2022)
Key Energy Services, Inc. (2020 – 2022)
MIND Technology, Inc., formerly Mitcham Industries, Inc. (2015 – 2022)
Hi-Crush, Inc. (2020 – 2021)
Chaparral Energy, Inc., Chairman (2019 – 2020)
Warren Resources, Inc. (2012 – 2014)
Chesapeake Midstream Partners (2010 – 2011)
Private Company Directorships and Other Organizations:
Director, SAExploration Holdings, Inc. (2020 – 2022)
Investment Committee and National Advisory Council, Wichita State University (since 2017)
Director, Arts Council of Forth Worth (2011 - 2014)
Director, United Way of Central Oklahoma (2003 - 2010)
Mr. Rowland is a seasoned oil and gas corporate executive, director and investment manager with more than 40 years of experience in all aspects of upstream and midstream business segments.
Career Highlights:
- IOG Capital, LP, an energy investment firm
- Founder and a Director (since 2021)
- Senior Managing Director (2014 – 2021)
- FTS International, Inc. (Frac Tech Services, LLC and Frac Tech International, LLC), one of the largest well completion companies in North America and providers of hydraulic fracturing services
- Chief Executive Officer (2011 – 2012)
- President and Chief Financial Officer (2010 – 2011)
- Chesapeake Energy Corporation, an exploration and development oil and natural gas company
- Chief Financial Officer or equivalent positions, including Executive Vice President and Chief Financial Officer (1993 when the company became publicly traded – 2010)
- Anglo-Suisse Capital Limited, an international investment banking firm
- Chief Operating Officer (1990 – 1992)
- Owned his own operating company earlier in his career
Qualifications:
- Accounting & Financial Reporting and Finance / Capital Allocation
Acquired significant financial experience and acumen over his career serving in executive roles supervising all financial functions at oil and gas companies and holding senior positions as an investment manager, strengthening the Board’s accounting, financial reporting and finance / capital allocation oversight efforts
- E&P Industry
Gained in-depth knowledge and valuable insights about the industry through his more than 40 years of experience in all aspects of upstream and midstream business segments, enhancing the Board’s strategic perspective on the industry
- Business Development / Mergers and Acquisitions
Developed extensive expertise in energy mergers, acquisitions, divestitures, public securities transactions and derivatives facilities over his career, contributing to the Board’s ability to assess major business development and strategic transaction decisions
- Mr. Rowland also brings to the Board:
- Executive leadership experience, as a former chief executive officer and chief financial officer
- Extensive public and private company board service experience
- Expertise in corporate governance, sustainability/ESG, operations, and strategic planning and risk management
Education:
- B.A., Wichita State University
Employee Director
Age: 54
Service Commenced: 2017
Board Committees:
None
Other Public Company Directorships:
Ranger Energy Services (since 2024)
Mr. Woolverton is an experienced public company executive with operational expertise, a deep understanding of the upstream industry and a proven ability to execute on strategic development initiatives.
Career Highlights:
- SilverBow Resources
- Chief Executive Officer (since 2017)
- Samson Resources Company, a private oil and natural gas company
- Chief Operating Officer (2016 – 2017)
- Vice President, Texas and Louisiana Operations (2013 – 2016)
- Chesapeake Energy Corporation, an exploration and development oil and natural gas company
- Held a series of positions of increasing responsibility, including Vice President of its Southern Appalachia business unit (2007 – 2013)
- Encana Corporation, a North American oil and natural gas producer
- Oversaw the company’s Fort Worth Basin development and shale exploration teams in North Texas (2006 – 2007)
- Burlington Resources, an oil and gas exploration, production, and development company
- Held multiple engineering and management roles (1993 – 2006)
Qualifications:
- Operations
Acquired vast operational leadership experience and expertise from serving in senior roles supervising the operations of oil and gas companies and his petroleum engineering background, strengthening the Board’s operations oversight efforts
- E&P Industry
Gained a deep understanding of the upstream industry serving in executive leadership and management roles in the industry, enhancing the Board’s strategic perspective on the industry
- Business Development / Mergers and Acquisitions
Developed a proven track record in business development and project execution over his career, contributing to the Board’s ability to advance strategic priorities and value creation initiatives at the Company
- Mr. Woolverton also brings to the Board:
- Executive leadership experience, as a current chief executive officer and former chief operating officer
- Public company board service experience
- Expertise and experience in accounting & financial reporting,sustainability/ESG and strategic planning and risk management, and has demonstrated leadership through times of change
Education:
- B.S., Petroleum Engineering, Montana Tech
Important Additional Information and Where to Find It
This communication includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent management’s expectations or beliefs concerning future events, and it is possible that the results described in this communication will not be achieved. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this communication, including those regarding our strategy, the benefits of the acquisitions, future operations, guidance and outlook, financial position, prospects, plans and objectives of management are forward-looking statements. When used in this report, the words “will,” “could,” “believe,” “anticipate,” “intend,” “estimate,” “budgeted,” “guidance,” “expect,” “may,” “continue,” “potential,” “plan,” “project,” “positioned,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Important factors that could cause actual results to differ materially from our expectations include, but are not limited to, the following risks and uncertainties: risk related to recently completed acquisitions and integrations of these acquisitions; volatility in natural gas, oil and natural gas liquids prices; cash flow and liquidity, including our ability to satisfy our short- or long-term liquidity needs; general economic and political conditions, including inflationary pressures, further increases in interest rates, a general economic slowdown or recession, instability in financial institutions, political tensions and war (including future developments in the ongoing conflicts in Ukraine and the Gaza Strip); the severity and duration of world health events, including health crises, and related economic repercussions, including disruptions in the oil and gas industry, supply chain disruptions, and operational challenges; our ability to execute on strategic initiatives; effectiveness of our risk management activities, including hedging strategy; counterparty and credit market risk; actions by third parties, including customers, service providers and shareholders; current and future governmental regulation and taxation of the oil and natural gas industry; developments in world oil and natural gas markets and in oil and natural gas-producing countries; uncertainty regarding our future operating results; and other risks and uncertainties discussed in the Company’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including its annual report on Form 10-K for the year ended December 31, 2023.
All forward-looking statements speak only as of the date of this communication. You should not place undue reliance on these forward-looking statements. The Company’s capital budget, operating plan, service cost outlook and development plans are subject to change at any time. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements we make in this communication are reasonable, we can give no assurance that these plans, intentions or expectations will be achieved. The risk factors and other factors noted herein and in the Company’s SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement. These cautionary statements qualify all forward-looking statements attributable to us or persons acting on our behalf.
All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by the foregoing. We undertake no obligation to publicly release the results of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events, except as required by law.
Important Additional Information and Where to Find It
The Company, its directors and certain of its executive officers and employees are or will be participants in the solicitation of proxies from shareholders in connection with the 2024 Annual Meeting. The Company has filed the Definitive Proxy Statement with the SEC on April 9, 2024 in connection with the solicitation of proxies for the 2024 Annual Meeting, together with a WHITE proxy card.
The identity of the participants, their direct or indirect interests, by security holdings or otherwise, and other information relating to the participants are available in the Definitive Proxy Statement available here in the section entitled “Security Ownership of Board of Directors and Management” and Appendix F. To the extent holdings of the Company’s securities by the Company’s directors and executive officers changes from the information included in this communication, such information will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are available free of charge as described below.
SHAREHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER DOCUMENTS TO BE FILED BY THE COMPANY WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Shareholders are able to obtain, free of charge, copies of all of the foregoing documents, any amendments or supplements thereto at the SEC’s website (http://www.sec.gov). Copies of the foregoing documents, any amendments or supplements thereto are also available, free of charge, at the “Investor Relations” section of the Company’s website (https://www.sbow.com/investor-relations).