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[STK] NYSE:REN
[IN] OIL UTI GAS
[SU] PER
TO BUSINESS, AND ENERGY EDITORS:
Resolute Energy Corporation Announces Changes To Board Of Directors
DENVER, April 28, 2014 /PRNewswire/ -- Resolute Energy Corporation
("Resolute" or the "Company") (NYSE: REN) announced that its Board of
Directors has approved the appointment of William K. White to the
Board.
Nicholas J. Sutton, Chairman of the Board of Directors and Chief
Executive Officer of Resolute, commented: "I am pleased to announce
the appointment of Bill White to the Resolute Board of Directors.
Bill has had a long and distinguished career in the oil and gas
industry and his extensive background in the finance area will be
extremely valuable to our Board over the coming years."
Mr. White, a retired oil and gas executive, has been an Independent
Director of the General Partner of Eagle Rock Partners, L.P. since
October 2006, and currently serves as Chairman of the Audit Committee,
serving as the Audit Committee financial expert, and as a member of
the Compensation Committee. Since December 2012, Mr. White has also
served as an Independent Director on the Board of NGP Capital
Resources Company, and serves on the Audit, Compensation and
Governance committees. From May 2005 to September 2007, he served as
an Independent Director and member of the Audit and Compensation
committees of the Board of Directors of Teton Energy Corporation.
Mr. White served as an Independent Director, Audit Committee Chairman
and member of the Compensation Committee of CRC-Evans
International, Inc., an affiliate of a portfolio company of Natural
Gas Partners, from July 2008 until December 2008. CRC-Evans was
subsequently sold. From September 1996 to November 2002, Mr. White
was Vice President, Finance and Administration and Chief Financial
Officer for Pure Resources, Inc., a successor to Titan Exploration,
Inc. During his career, Mr. White served as Vice President, Finance
for Mitchell Energy & Development Corp., as Senior Vice President,
Finance and Administration for Ensource Inc. and as Senior Vice
President, Finance and a Director for Eastex Energy, Inc. He
completed a commercial banking career in 1978 as Senior Vice President
and head of the U.S. Corporate Banking Division of Bank of the
Southwest, Houston, Texas. He attended the United States Air Force
Academy in Colorado Springs, Colorado, the University of Missouri in
Columbia, Missouri, and, in 1966, received a BS in Business
Administration from The Defiance College in Defiance, Ohio.
Resolute also announced that Richard L. Covington will leave the Board
of Directors when his current term ends on May 27, 2014, the date of
the Company's 2014 Annual Meeting. Mr. Covington has served on the
Board of the Company and its predecessor entities since its founding
in 2004. He informed the Board that he would not stand for
re-election when his term expired so that he may more effectively meet
the growing requirements and portfolio duties for the various
investments and business commitments of Natural Gas Partners.
Mr. Sutton commented: "Dick has been a valued member of our Board for
more than ten years. With his business acumen and insight, and the
breadth and depth of his industry knowledge, Dick has been a major
contributor to the Company's success. The entire Resolute Board of
Directors and management team extends to Dick our most sincere thanks
and all the best wishes for his continued success."
About Resolute Energy Corporation
Resolute is an independent oil and gas company focused on the
acquisition, exploration, exploitation and development of oil and gas
properties, with a particular emphasis on liquids-focused, long-lived
onshore U.S. opportunities. Resolute's producing properties are
located in the Paradox Basin in Utah, the Permian Basin in Texas and
New Mexico and the Powder River Basin in Wyoming. The Company also
owns exploration properties in the Permian Basin of Texas and the Big
Horn and Powder River Basins of Wyoming.
Contact:
HB Juengling Vice President - Investor Relations Resolute Energy
Corporation 303-534-4600 hbjuengling@resoluteenergy.com
SOURCE Resolute Energy Corporation
-0- 04/28/2014
(NYSE:REN) /
CO: Resolute Energy Corporation
ST: Colorado
IN: OIL UTI GAS
SU: PER
PRN
-- LA13642 --
0000 04/28/2014 11:00:00 EDT http://www.prnewswire.com
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