Escalera Resources Co. (NasdaqGS: ESCR) appointed Susan G. Reeves to its board of directors, the company said April 14.
Reeves has more than 25 years’ experience in the energy and financial services sectors, the company said. She is president of Public Gas Partners, a nonprofit that is jointly owned by more than 130 natural gas distributors, Escalera Resources said. She is also the CFO of the Municipal Gas Authority of Georgia, the company noted.
She previously worked for Deloitte and Touche LLP and other companies, Escalera Resources said.
She graduated from the University of Texas at Austin and is a certified public accountant in Georgia, the company said.
Charles F. Chambers, chairman and CEO, said "I am very pleased that Susan has agreed to be a director for Escalera Resources; her proven track record in initiating and executing large strategic acquisitions along with her financial expertise will be extremely valuable as we strive to grow the company."
He added, "I am confident that we have a slate of directors who will help us fulfill our business strategy of making Escalera Resources a world class company with both E&P and midstream assets in North America and internationally."
Escalera Resources Co., formerly Double Eagle Petroleum, is based in Houston and explores, develops and produces domestic oil and natural gas.
Recommended Reading
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
New Fortress Energy Sells Two Power Plants to Puerto Rico
2024-03-18 - New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’
2024-03-28 - In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”