DALLAS--(BUSINESS WIRE)--IOG Resources, LLC (“IOGR”) announces the appointment of James D. Bennett and Barbara M. Baumann to the Board of Directors.
IOGR today announced the naming of James D. Bennett as an independent Chairman of the Board. Mr. Bennett is the former President and CEO of SandRidge Energy, Inc. and previously served in senior roles at GSO Capital Partners and White Deer Energy. He is currently an independent Board member of Tellurian Inc. and Kimray Inc., among others, and recently served as Executive Chairman of Tapstone Energy Inc.
Barbara M. Baumann has also been appointed as an independent Board member. Ms. Baumann is president and owner of Cross Creek Energy Corporation. She is currently on the board of Devon Energy, National Fuel Gas Company, Ascent Resources and Texas American Resources II and is a Senior Advisor for First Reserve, a private equity firm focused on industrial, infrastructure, and energy businesses and IOGR’s financial sponsor. In addition, she is an Independent Trustee of the Putnam Mutual Funds.
James Bennett commented, “Barb and I are excited to be part of an investment platform that has established itself as a premier non-op partner for both public and private operators. Together with the support of First Reserve, we look to continue to grow IOGR’s business by providing the E&P sector a variety of capital solutions at a time when the industry continues to see capital constraints from traditional debt and equity capital markets.”
Mr. Bennett and Ms. Baumann are joining Marc Rowland, founder of IOG Capital (formerly affiliated with IOGR) and former EVP and CFO of Chesapeake, and Steve Mueller, former President, Chairman and CEO of Southwestern Energy and current Senior Advisor to First Reserve, as independent Directors.
About IOG Resources, LLC
IOG Resources, LLC is a Dallas, Texas-based energy investment platform sponsored by First Reserve. The company was established in 2017 and invests in diversified upstream oil and gas assets as a non-operated working interest partner. For more information, please visit www.iogresources.com
About First Reserve
First Reserve is a private equity firm exclusively focused on investing across diversified energy, infrastructure, and general industrial end-markets. Founded in 1983, First Reserve has 39 years of industry insight, and has cultivated a network of global relationships. First Reserve has raised more than $32 billion of aggregate capital since inception. Its investment and operational experience have been built from over 700 transactions, including platform investments and add-on acquisitions, on six continents. The firm’s portfolio companies have operated globally in over 60 countries and span the entire energy and industrial spectrum.