HOUSTON,
April 14, 2021 /PRNewswire/ -- Oasis Petroleum Inc.
("Oasis" or the "Company") (NASDAQ:OAS) today announced that it has
appointed Daniel E. "Danny" Brown as Chief Executive Officer
effective April 13, 2021. At the same time,
Mr. Brown was also appointed to the Oasis Board of
Directors.
Mr. Brown has 23 years of experience in the oil and natural
gas industry having spent his career with Anadarko Petroleum
Corporation, or one of its predecessors, until Anadarko was
acquired by Occidental Petroleum in August 2019. From
October 2017 to August 2019, Mr. Brown served as
Anadarko's Executive Vice President, U.S. Onshore Operations.
Prior to that position, he served as Executive Vice
President, International and Deepwater Operations beginning in
May 2017; Senior Vice President, International and Deepwater
Operations beginning in August 2016; Vice President,
Operations (Southern and Appalachia) beginning in August 2013;
and Vice President, Corporate Planning beginning in
May 2013.
Mr. Brown joined Anadarko in August 2006 upon the
acquisition of Kerr-McGee Corporation, where he began his
career. In addition to those positions mentioned above,
Mr. Brown held positions of increasing responsibility with
Anadarko and Kerr-McGee throughout his career in U.S. onshore and
Gulf of Mexico segments, as well
as internationally. Mr. Brown was also a director of
Western Gas Equity Partners, LP and Western Gas Partners, LP from
November 2017 to February 2019. After the
February 2019 simplification of those two MLPs, he served on
the board of Western Midstream Partners, LP until August 2019,
when the Anadarko-Occidental transaction was completed. Since
January 2020, Mr. Brown has served on the board of Beacon
Offshore Energy LLC, a private-equity sponsored exploration and
production company that is focused on the deepwater Gulf of Mexico.
Mr. Brown is a registered Professional Engineer in the
state of Texas and serves on the
board of Junior Achievement of Southeast Texas.
Mr. Brown holds a Bachelor of Science in Mechanical
Engineering from Texas A&M
University and an MBA from Rice
University, where he was a Jones Scholar Award
recipient.
Douglas E. Brooks, Oasis's Board
Chair, commented, "On behalf of our Board of Directors, we are
extremely pleased to welcome Danny
Brown to assume our senior leadership role at Oasis.
Danny's impeccable reputation and extensive industry experience in
a variety of leadership and operational positions at Anadarko and
Kerr-McGee make him the perfect fit for our Company. His
skills are also highly complementary to our existing senior
leadership team: Taylor Reid,
President and Chief Operating Officer; Michael Lou, Executive Vice President and Chief
Financial Officer; and Nickolas
Lorentzatos, Executive Vice President and General
Counsel. The Board is excited to have such a strong
leadership team at Oasis as we develop and execute strategies to
maximize shareholder value in a responsible fashion with a strong
focus on our ESG values.
"Since I will now be serving only as Board Chair, the role of
Lead Independent Director is no longer required under our
bylaws. Samantha Holroyd, who
has served in that role, will continue as a director, including in
her role as Chair of the Nominating, Environmental, Social and
Governance Committee. Samantha and the other members of that
committee conducted a thorough and comprehensive search for our new
CEO, and we believe the result is a strong endorsement of Oasis'
future with Mr. Brown becoming our CEO."
Danny Brown, Chief Executive
Officer, remarked, "I greatly appreciate the confidence shown by
the board of directors in asking me to lead this exceptionally well
positioned company with its well-respected management team and
board, talented professionals, premier assets, pristine balance
sheet, commitment to ESG and new strategic vision. I look
forward to working with our board, senior management, and our full
complement of dedicated team members as we plan and execute our new
path forward to maximize value for our stakeholders."
Forward-Looking Statements
This press release contains forward-looking statements that
involve a number of risks and uncertainties, including those
detailed in the Company's filings with the SEC, including the
Company's 2020 Annual Report on Form 10-K. These risks and
uncertainties are incorporated by this reference as though fully
set forth herein. There is no assurance that the goals,
expectations, and timing herein can or will be met. In
addition, any forward-looking statements represent the Company's
estimates only as of today and should not be relied upon as
representing its estimates as of any future date. Oasis
assumes no obligation to update its forward-looking
statements. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are
forward-looking statements.
About Oasis Petroleum Inc.
Oasis Petroleum, Inc. is an independent exploration and
production company with quality and sustainable long-lived assets
in the Williston and Delaware Basins. The Company is uniquely
positioned with a best-in-class balance sheet and is focused on
rigorous capital discipline and generating free cash flow by
operating efficiently, safely and responsibly to develop its
unconventional onshore oil-rich resources in the continental United
States. For more information, please visit the Company's
website at www.oasispetroleum.com.
View original
content:http://www.prnewswire.com/news-releases/oasis-petroleum-appoints-daniel-e-brown-as-chief-executive-officer-and-board-member-301268525.html
SOURCE Oasis Petroleum Inc.