Callon Petroleum Co. announced the retirement of L. Richard Flury as chair from its board of directors following the company’s upcoming annual shareholder meeting.
Board chair since 2017 and a director of Callon for nineteen years, Flury contributed to Callon’s high-return acquisitions during his time at the company.
"With guidance from Richard's deep experience in the energy industry, Callon has built a high-quality asset base of more than 200,000 gross acres in the leading oil plays in the Permian Basin and Eagle Ford Shale that has allowed us to profitably grow our production throughout his tenure," said president and CEO Joe Gatto.
Leading up to the shareholder meeting, Matthew R. Bob will serve as chair-elect, to be appointed as chair following Flury’s retirement. Bob has served on Callon’s board of directors since 2014 and is currently the chair of the compensation committee.
Also retiring from the board following the upcoming shareholder meeting after five years is James M. Trimble—in accordance with Callon’s mandatory retirement policy.
Callon Petroleum is an independent oil and natural gas company with acquisitions, exploration and development operations in Texas.
Recommended Reading
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Vår Energi Hits Oil with Ringhorne North
2024-04-17 - Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Tethys Oil Releases March Production Results
2024-04-17 - Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.
Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
2024-04-16 - Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.