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Diversified Details Latest Executive Changes Post-Acquisition

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   |    Tuesday,April 24,2018

Diversified Gas & Oil has detailed changes to its organizational structure after its recent acquisitions.

The new senior roles include:

• Michael W. Garrett, CPA, Vice President of Accounting and Controller. Mr. Garrett, who joins from Callon Petroleum (NYSE: CPE), an independent energy company focused on oil and gas properties in the Permian Basin, will be responsible for supporting the finance team and his responsibilities will include accounting operations and financial reporting. Prior to his time at Callon, Mr. Garrett worked for Pfizer Corp. and Pinnacle Airlines Corp.

• Bryan Berry, Vice President of Finance, who joins from Arlington Capital Advisors, will be focused on analysis of the Company's transaction opportunities and financial planning and analysis of the Company's operations. Mr. Berry has over 20 years of experience in corporate finance, investment banking and public accounting. Prior to Arlington, Mr. Berry was Vice President of Financial Planning and Analysis at Colonial Properties Trust, a Real Estate Investment Trust with over $4 billion in assets. During his tenure, Colonial acquired, developed or disposed of over $1.5 billion in assets. Additionally, Mr. Berry was Director of Financial Planning at Saks Incorporated, a Fortune 500 retail company. Mr. Berry began his career in public accounting at Deloitte.

• Dora L. Silvis, Executive Vice President. Ms. Silvis, joins from Alliance Petroleum where she has worked since 1988, will be responsible for managing many daily operations and streamlining all District and Corporate activities to align with the Company's strategic plan. Ms. Silvis will also manage the Company's IT function and oversee Alliances finance activities. Before joining Alliance, Ms. Silvis served as District Controller for Browning Ferris Industries and as an Accountant for LTV Steel. She is a member of the Ohio Oil & Gas Association, Pennsylvania Independent Oil & Gas Association and the West Virginia Independent Oil & Gas Association.

• Timothy Altier, Senior Vice President Operations for the Company's Alliance Petroleum subsidiary. Mr. Altier, who also joins from Alliance Petroleum, has 32 years of experience in the oil and gas industry and will be responsible for leading his team to manage low cost/low volume conventional wells and high volume/high pressure unconventional wells at high efficiency. He has been the Ohio Oil and Gas Energy Education Program vice chair for 3 years and the Safety Committee chairman. He was also the past trustee of the Ohio Oil and Gas Association and past president of the Ohio section of the Society of Petroleum Engineers.

• William "Bill" Kurtz, has been promoted to the position of Senior Vice President and he will focus his efforts on leading the Company's land operations and reserve engineering. Mr. Kurtz joined the Company in 2017, bringing extensive experience that spans a 35-year career in the Appalachian oil & gas Industry. His experience includes land operations, mergers & acquisitions, divestitures, and joint ventures for multiple organizations. Immediately prior to joining the Company, Mr. Kurtz was employed with Atlas Energy, Inc. for 21 years where he held diverse positions that included Director of Business Development, Director of Production, and Senior Manager of Project Development. Mr. Kurtz is an active member of American Association of Professional Landmen, Society of Petroleum Engineers, and the Ohio Oil & Gas association where he serves on the Producers Committee.