DENVER, March 14, 2017 /PRNewswire/ -- Jagged Peak
Energy Inc. (NYSE: JAG) ("Jagged Peak" or the "Company") announced
today that Mr. Gregory S. Hinds, Jagged Peak's Executive Vice
President, Development Planning & Acquisition, has voluntarily
resigned from the Company, as of March 13, 2017, in order
to pursue other opportunities.
Joseph N. Jaggers, Chairman of
the Board of Directors (the "Board"), President and Chief Executive
Officer of the Company commented, "On behalf of the Board, I would
like to express our sincere appreciation for the leadership and
dedication provided by Greg in co-founding the Company with me.
Greg has been instrumental in identifying, acquiring and developing
the strong asset base that allowed us to successfully complete our
initial public offering earlier this year. We are very appreciative
of his efforts and commitment to the Company during his tenure. We
wish him success in future years."
Mr. Hinds commented, "It has been an honor and a privilege
to help found Jagged Peak. I am committed to assist the management
team in making this a smooth transition. I wish to express my
heartfelt appreciation to the Board, management, employees and
investors for their support over the years and I wish them and the
Company all the best."
Mr. Jaggers continued, "We are in a fortunate position to have
an experienced group of professionals within the organization that
have already begun to assume greater roles and are committed to the
continued development of our top-tier assets in the heart of the
Delaware Basin."
Mr. Hinds' business development responsibilities will be
transitioned to Mark R. Petry,
Executive Vice President, Land & Acquisitions, while his
development planning responsibilities will be assumed by
John G. Roesink, Vice President,
Development Planning & Geoscience. Mr. Jaggers, along with
Chris R. Bairrington, Vice
President, Operations, and other members of our operations team,
will also assist in the transition.
Mark R. Petry was appointed as
the Company's Executive Vice President, Land in November 2016, and served as the Company's
predecessor's Vice President, Land since inception. Prior to
that, he served as Vice President, Business Development and Land
Administration for Laramie Energy II, LLC since September
2007. His prior experience includes Rocky Mountain Land
Manager at Anadarko Petroleum Corporation, various positions,
including Vice President, Land, at Western Gas Resources, Inc.
and various land and accounting positions at Ladd Petroleum
Corporation. Mr. Petry graduated with honors from the
University of Wyoming with a Bachelor
of Science Degree in Finance and is a Certified Professional
Landman.
John G. Roesink was recently
named the Company's Vice President, Development Planning &
Geoscience. He joined Jagged Peak's predecessor in 2014 as
our Senior Exploration Geologist. Prior to that, he was a
Geologic Advisor at Bill Barrett Corporation where he developed the
East Bluebell assets in the Uinta
Basin and helped formulate and execute that company's Niobrara development plan in the DJ
Basin. From 2005 until 2011, he was a geologist and team lead
at Noble Energy Inc. where he explored and developed Noble's
Green River, Piceance, western
Williston, Wind River and DJ Basin assets. Prior to that, he
was a research scientist at the University of
Colorado, Boulder studying the sequence stratigraphy of
deepwater deposits. Mr. Roesink holds a B.A. and a M.S. in
Geology from the University of Colorado,
Boulder.
Chris R. Bairrington was named
Jagged Peak's Vice President, Operations in November 2016. He
previously served as Engineering Manager of the Company's
predecessor. Prior to that, he was the Senior Operations
Engineer of Ute Energy. He also has experience as a Senior
Operations Engineer of Bill Barrett Corporation and Production
Engineer of Anadarko Petroleum Corporation. Mr. Bairrington
holds a B.S. in Petroleum Engineering from Texas A&M University.
About Jagged Peak Energy Inc.
Jagged Peak Energy Inc. is an independent oil and natural gas
company focused on the acquisition and development of
unconventional oil and associated liquids-rich natural gas reserves
in the Southern Delaware Basin, a
sub-basin of the Permian Basin of West
Texas.
Cautionary Statement Concerning Forward-Looking
Statements
Certain statements contained in this press release
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements represent Jagged Peak's expectations or
beliefs concerning future events, and it is possible that the
results described in this press release will not be achieved. These
forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside of Jagged Peak's control,
that could cause actual results to differ materially from the
results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date
on which it is made, and, except as required by law, Jagged Peak
does not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. New factors emerge from time to time,
and it is not possible for Jagged Peak to predict all such factors.
When considering these forward-looking statements, you should keep
in mind the risk factors and other cautionary statements in the
prospectus filed with the SEC in connection with Jagged Peak's
initial public offering. The risk factors and other factors noted
in Jagged Peak's prospectus could cause its actual results to
differ materially from those contained in any forward-looking
statement.
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SOURCE Jagged Peak Energy Inc.