BIRMINGHAM, Ala.--(BUSINESS WIRE)--David Bolton has been elected by the Energen Corporation (NYSE: EGN) Board of Directors as Vice President – Land for the company’s oil and gas exploration and production unit, Energen Resources Corporation. The company is focused on the exploration and development of its oil and natural gas liquids assets in the Permian Basin.
Bolton comes to Energen Resources from Chesapeake Energy Corporation which he served as Southern Division Land Director. Since May 2010, Bolton coordinated all of Chesapeake’s Land activities in the Permian District as well as the South Texas, Haynesville, Barnett, and Mid-continent districts and in New Ventures for the Western United States. Bolton succeeds Paul C. Rote, who recently retired after serving the company for some 15 years.
Bolton has worked in the exploration and production industry since 1990 and has held various senior Land positions including Director of Business Development for Sullivan Land Resources, Executive Vice President of Land for Quest Resource Corporation, and Land Manager for Continental Resources.
“Dave’s knowledge of and experience in the Permian Basin make him an excellent choice to head up our Land department,” said James McManus, Energen’s chairman and chief executive officer. “As we position ourselves to capitalize on significant growth opportunities in the Permian Basin, Dave complements an excellent senior management team that includes John Richardson, president and chief operating officer; David Godsey, senior vice president of exploration and geology; David Minor, senior vice president of operations; Paul Sparks, senior vice president of resource development and technology; Davis Richards, vice president of drilling and completions; and Gene Cash, vice president of acquisitions and reservoir engineering.”
A native of Oklahoma, Bolton earned a Bachelor of Liberal Studies in Administrative Leadership from the University of Oklahoma. He is a Certified Professional Landman and a member of the Association of Petroleum Landmen, the Permian Basin Landman’s Association, the American Bar Association, and the Energy Bar Association.
Energen Corporation is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. Through Energen Resources Corporation, the company has approximately 775 million barrels of oil-equivalent proved, probable, and possible reserves and another 2.5 billion barrels of contingent resources. These all-domestic reserves and resources are located primarily in the Permian Basin in west Texas. For more information, go to http://www.energen.com.
FORWARD LOOKING STATEMENT: This release contains statements expressing expectations of future plans, objectives and performance that constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Except as otherwise disclosed, the Company’s forward-looking statements do not reflect the impact of possible or pending acquisitions, divestitures or restructurings. We undertake no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. All statements based on future expectations rather than on historical facts are forward-looking statements that are dependent on certain events, risks and uncertainties that could cause actual results to differ materially from those anticipated. In addition, the Company cannot guarantee the absence of errors in input data, calculations and formulas used in its estimates, assumptions and forecasts. A more complete discussion of risks and uncertainties that could affect future results of Energen and its subsidiaries is included in the Company’s periodic reports filed with the Securities and Exchange Commission.
