Management

Frank A. Lodzinski has served as President and Chief Executive Officer of Earthstone Energy, Inc. since December 2014. Previously, he served as President and Chief Executive Officer of Oak Valley Resources, LLC from its formation in December 2012 until the closing of its strategic combination with the Company in December 2014. Prior to his service with Oak Valley, Mr. Lodzinski was Chairman, President and Chief Executive Officer of GeoResources, Inc. from April 2007 until its merger with Halcón Resources Corporation in August 2012. He has over 43 years of oil and gas industry experience.

In 1984, he formed Energy Resource Associates, Inc., which acquired management and controlling interests in oil and gas limited partnerships, joint ventures and producing properties. Certain partnerships were exchanged for common shares of Hampton Resources Corporation in 1992, which Mr. Lodzinski joined as a director and President. Hampton was sold in 1995 to Bellwether Exploration Company.

In 1996, he formed Cliffwood Oil & Gas Corp. and in 1997, Cliffwood shareholders acquired a controlling interest in Texoil, Inc., where Mr. Lodzinski served as CEO and President. In 2001, Mr. Lodzinski was appointed CEO and President of AROC, Inc., to direct the restructuring and ultimate liquidation of that company. In 2003, AROC completed a monetization of oil and gas assets with an institutional investor and began a plan of liquidation in 2004.

In 2004, Mr. Lodzinski formed Southern Bay Energy, LLC, the general partner of Southern Bay Oil & Gas, L.P., which acquired the residual assets of AROC, Inc., and he served as President of Southern Bay Energy, LLC since its formation. The Southern Bay entities were merged into GeoResources in April 2007.

Mr. Lodzinski has served as a director and member of the audit committee of Yuma Energy, Inc. since September 2014. He holds a BSBA degree in Accounting and Finance from Wayne State University in Detroit, Michigan.

Robert J. Anderson is a petroleum engineer with over 30 years of diversified domestic and international experience. He has served as Executive Vice President, Corporate Development and Engineering of Earthstone Energy, Inc. since December 2014. Previously, he served in a similar capacity with Oak Valley Resources, LLC from March 2013 until the closing of its strategic combination with Earthstone in December 2014.

Prior to Oak Valley, he served from August 2012 to February 2013 as Executive Vice President and Chief Operating Officer at Halcón Resources Corporation. Mr. Anderson was employed by GeoResources, Inc. from April 2007 until its merger with Halcón Resources in August 2012, ultimately serving as a director and Executive Vice President, Chief Operating Officer – Northern Region. He was involved in the formation of Southern Bay Energy in September 2004 as Vice President, Acquisitions until its merger with GeoResources in April 2007. From March 2004 to August 2004, Mr. Anderson was employed by AROC, a predecessor company to Southern Bay Energy, as Vice President, Acquisitions and Divestitures. From September 2000 to February 2004, he was employed by Anadarko Petroleum Corporation as a petroleum engineer. In addition, he has worked with major oil companies, including ARCO International/Vastar Resources, and independent oil companies, including Hunt Oil, Hugoton Energy, and Pacific Enterprises Oil Company.

His professional experience includes acquisition evaluation, reservoir and production engineering, field development, project economics, budgeting and planning, and capital markets. His domestic acquisition and divestiture experience includes Texas and Louisiana (offshore and onshore), Mid-Continent, and the Rocky Mountain states, and international experience includes Canada, South America, and Russia. Mr. Anderson has a B.S. degree in Petroleum Engineering from the University of Wyoming and an MBA from the University of Denver.

Mark Lumpkin has over 20 years of experience including over 13 years of oil and gas finance experience.  He has served as Executive Vice President and Chief Financial Officer of Earthstone since August 2017.  Immediately prior to joining Earthstone, he served as Managing Director at RBC Capital Markets in the Oil and Gas Corporate Banking group, beginning in 2011 with a focus on upstream and midstream debt financing.  From 2006 until 2011, he was employed by The Royal Bank of Scotland in the Oil and Gas group within the Corporate and Investment Banking division, focusing primarily on the upstream subsector.  Prior to RBS, he spent two years focused on capital markets and mergers and acquisitions primarily in the upstream sector at a boutique investment bank.

Mr. Lumpkin graduated with a B.A. degree in Economics from Louisiana State University and graduated with a Master of Business Administration degree with a Finance concentration from Tulane University.

Christopher E. Cottrell has over 33 years of oil and gas industry experience. He has served as Executive Vice President, Land and Marketing of Earthstone Energy, Inc. since December 2014. Previously, he served in a similar capacity with Oak Valley Resources, LLC from its formation in December 2012 until the closing of its strategic combination with Earthstone in December 2014.

Prior to employment by Oak Valley, he was employed by GeoResources from April 2007 until its merger with Halcón Resources in August 2012, ultimately serving as Vice President of Land and Marketing, responsible for land and operating contract matters including oil and gas marketing, land and lease records, title and division orders. In addition, he was actively involved in due diligence associated with business development matters.

He has held previous roles at AROC, Texoil, Williams Exploration, Ashland Exploration, American Exploration, Belco Energy, and Citation Oil & Gas. Mr. Cottrell graduated with a B.B.A. degree in Petroleum Land Management from the University of Texas.

Steven C. Collins is a petroleum engineer with over 28 years of operations and related experience. He has served as Executive Vice President, Completions and Operations of Earthstone Energy, Inc. since December 2014. Previously, he served in a similar capacity with Oak Valley Resources, LLC from its formation in December 2012 until the closing of its strategic combination with Earthstone in December 2014.

Prior to employment by Oak Valley, he served from August 2012 to November 2012 as a consultant to Halcón Resources. Mr. Collins was employed by GeoResources from April 2007 until its merger with Halcón Resources in August 2012 and directed field operations, including well completion, production, and workover operations.

Prior to employment by GeoResources, he served as Vice President of Operations for Southern Bay, AROC, and Texoil, and as a petroleum and operations engineer at Hunt Oil Company and Pacific Enterprises Oil Company. His experience includes Texas, Louisiana (onshore and offshore), North Dakota, Montana, and the Mid-Continent.

Mr. Collins graduated with a B.S. degree in Petroleum Engineering from the University of Texas.

Timothy D. Merrifield has over 37 years of oil and gas industry experience. He has served as Executive Vice President, Geology and Geophysics of Earthstone Energy, Inc. since December 2014. Previously, he served in a similar capacity with Oak Valley Resources, LLC from its formation in December 2012 until the closing of its strategic combination with Earthstone in December 2014.

Prior to employment by Oak Valley, he served from August 2012 to November 2012 as a consultant to Halcón Resources upon its merger with GeoResources in August 2012. From April 2007 to August 2012, Mr. Merrifield led all geology and geophysics efforts at GeoResources. He has held previous roles at AROC, Force Energy, Great Western Resources and other independents. His domestic experience includes Texas, Louisiana (onshore and offshore), North Dakota, Montana, New Mexico, Rocky Mountain states, and the Mid-Continent. In addition, he has international experience in Peru and the East Irish Sea.

Mr. Merrifield attended Texas Tech University.

Francis M. Mury has over 42 years of oil and gas industry experience. He has served as Executive Vice President, Drilling and Development of Earthstone Energy, Inc. since December 2014. Previously, he served in a similar capacity with Oak Valley Resources, LLC from its formation in December 2012 until the closing of its strategic combination with Earthstone in December 2014.

Prior to employment by Oak Valley, he was employed by GeoResources from April 2007 until its merger with Halcón Resources in August 2012, ultimately serving as an Executive Vice President, Chief Operating Officer–Southern Region.

He has held prior roles at AROC, Texoil, Hampton Resources, Wainoco Oil & Gas Company, Diasu Exploration Company, and Texaco, Inc. His experience extends to all facets of petroleum engineering, including reservoir engineering, drilling and production operations, petroleum economics, geology, geophysics, land, and joint operations.

Geographical areas of experience include Texas and Louisiana (offshore and onshore), North Dakota, Montana, Mid-Continent, Florida, New Mexico, Oklahoma, Wyoming, Pennsylvania, and Michigan.

Mr. Mury graduated from Nicholls State University with a degree in Computer Science.

Ray Singleton is a petroleum engineer with over 37 years of experience. He has been a director of Earthstone Energy, Inc. since July 1989 and served as its President and Chief Executive Officer from March 1993 until December 2014. Mr. Singleton joined Earthstone in 1988 as a Production Manager/Petroleum Engineer.

From 1983 until 1988 and prior to joining Earthstone, Mr. Singleton was the principal of Singleton & Associates, an engineering consulting company serving the operational and engineering needs of approximately 40 small oil and gas clients. During this period, he was engaged by the Company on various projects in south Texas and the Rocky Mountain region.

Mr. Singleton began his career with Amoco Production Company in 1973 as a production engineer in Texas. He was subsequently employed by the predecessor of Union Pacific Resources as a drilling, completion and production engineer from 1980 to 1983. From 1974 to 1980, Mr. Singleton served in the U.S Air Force, where he was a combat qualified fighter pilot in the F-4 Phantom with both nuclear and conventional delivery responsibilities. He attained the rank of captain

As the CEO of a small public company Mr. Singleton gained extensive experience in SEC reporting, compliance, treasury and SOX, along with budgeting and planning, implementing growth initiatives and developing survival strategies through numerous downturns. As a petroleum engineer, his professional experience includes acquisition evaluation and economics, reserve engineering and drilling, completion and production engineering in both Texas and the Rocky Mountain region. In addition, he possesses over 20 years of executive experience and has an intimate knowledge of the Company’s legacy Rocky Mountain and south Texas properties. Mr. Singleton received a B.S. degree in Petroleum Engineering from Texas A&M University in 1973 and received an MBA from Colorado State University’s Executive MBA Program in 1992.

Mr. Oviedo has over 30 years of professional experience with both private and public oil and gas companies.  Prior to joining Earthstone, he was employed by GeoMet, where, since 2006, he had served as the Senior Vice President, Chief Financial Officer, Chief Accounting Officer and Controller.  In addition, Mr. Oviedo was employed by Resolution Performance Products, LLC, where he was Compliance Director and has held positions as Chief Accounting Officer, Controller, and Director of Financial Reporting with various companies in the oil and gas industry.   Prior to the aforementioned experience, he served in the audit practice of KPMG LLP’s Energy Group.  Mr. Oviedo holds a Bachelor’s degree in Business Administration with a concentration in accounting and tax from the University of Houston and is a Certified Public Accountant in the state of Texas.
Scott Thelander has over 11 years of professional experience. He has served as Director of Finance for Earthstone since April 2017. Prior to joining Earthstone, he served as Director of UBS Investment Bank as a member of the Global Natural Resources Group, with exposure to all energy subsectors and a particular focus on mergers and acquisitions and equity and debt financings on behalf of upstream and midstream clients. Prior to joining UBS, he was a member of Barclays Capital’s Global Industrial Group. Mr. Thelander has been involved in ~$35 billion of announced mergers and acquisitions and equity and debt capital markets offerings. He has also held previous roles at Jacobs Engineering and Carter & Burgess as a civil engineer. Mr. Thelander graduated with a Bachelor of Science degree in Civil Engineering from the University of Texas at Austin and holds a Master of Business Administration degree from the University of North Carolina at Chapel Hill.
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