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Gastar Upsizes Board; Adds Two Independent Directors
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Gastar Exploration Inc. reported that its board of directors expanded the size of the Board from five to seven members and appointed Dr. Stephen A. Holditch and Mr. Jerry R. Schuyler to the Board effective August 8, 2014.
Dr. Holditch is currently Professor Emeritus of Petroleum Engineering at Texas A&M University and previously was the Chairman of the Department of Petroleum Engineering at Texas A&M. Dr. Holditch is an internationally known and well-respected expert in the field of unconventional oil and gas technologies focused on resource recovery. He began his career with Shell Oil Company and founded S.A. Holditch & Associates in 1977, which he later sold to Schlumberger Limited. Dr. Holditch served as a Schlumberger Fellow from 2000 to 2003.
Mr. Schuyler is a petroleum engineer with over 30 years of operations and management experience. He began his career with Atlantic Richfield Company, where he managed and led domestic and international subsidiaries from 1977 to 2000. He has also held senior management positions with Dominion Exploration & Production, Inc., St. Mary's Land & Exploration Company and, most recently, retired as the President and Chief Operating Officer for Laredo Petroleum, Inc. Mr. Schuyler currently serves on the board of directors of Rosetta Resources, Inc. and Gulf Coast Energy Resources, Inc.
John Selser, Chairman of the Board of Directors of Gastar, commented, "On behalf of the Board of Directors of Gastar Exploration, we welcome our two new directors. Both have exemplary qualifications and complement an already strong board. We look forward to working with them and for them to contribute to the continued success of Gastar Exploration."
J. Russell Porter, Gastar's President and Chief Executive Officer, added, "We are very pleased that Steve and Jerry have agreed to join Gastar's Board of Directors. Their technical expertise and experience will be invaluable as we move into the exploitation phase of our Marcellus, Utica/Point Pleasant, Hunton, Woodford and Meramec assets. Our ability to continue to attract such respected and experienced members of the energy industry is a tribute to the quality of the assets and staff we have assembled."