Evolution Petroleum Corp. appointed Kelly Loyd interim CEO in the wake of current CEO Jason Brown leaving to pursue other opportunities, a press release announced on July 5.
Loyd currently serves as a member on the company's board of directors and will immediately begin a search for a new permanent CEO. He has been a director at Evolution since 2008 and chairs the board's investment committee.
Additionally, Loyd has been associated with private energy investment vehicles Petralis Energy Partners LLC and JVL Advisors LLC since 2004.
Brown joined Evolution three years ago to help increase the company's asset diversity and oversaw four significant natural gas and oil-focused acquisitions in Wyoming, the Barnett Shale and the Williston Basin during his tenure.
"In addition to low-decline producing reserves, the acquisitions brought an inventory of accretive development drilling locations that should have a positive impact on Evolution for years to come," Evolution board chairman Robert Herlin commented in the release. "We are appreciative of his contributions to the company, particularly through the pandemic, and wish him well in his new endeavor."
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