Lonestar Resources US Inc. (NASDAQ: LONE) said April 30 that Doug Banister has retired from his position as CFO.
Banister, whose retirement took effect April 30, leaves Lonestar on good terms and will provide the company consulting services from time to time on a going-forward basis, according to the company press release.
Lonestar, an independent oil and gas company with operations focused in the Eagle Ford Shale of South Texas, also said it bolstered its management team with the addition of Jason N. Werth as chief accounting officer and Gregory R. Packer as general counsel.
Werth comes to Lonestar from Denbury Resources Inc. (NYSE: DNR), where he served in positions of increasing responsibility, most recently as director of audit. Packer joins the company from Howard Energy Partners, where he served as senior vice president, general counsel and corporate secretary.
Lonestar CEO Frank D. Bracken III said in a statement: "We are grateful for Doug's many years of service to Lonestar. We wish Doug the best in the future, and look forward to our continued relationship with him as a consultant and friend to Lonestar. Looking forward, we are pleased with the additions of Jason and Greg to our management team. Jason has bolstered our financial team with his Big 4 accounting pedigree and nearly a decade of public company experience. Greg brings extensive legal and transactional experience to Lonestar, and has considerable experience with public company filings and representation."
Recommended Reading
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
Hess Midstream Increases Class A Distribution
2024-04-24 - Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.