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Crestwood adds two directors to board

July 22, 2022 By    

Chord Energy Corp. – formed through the merger of Whiting Petroleum and Crestwood-owned Oasis Petroleum – nominated two members to Crestwood’s board of directors.

John Jacobi and John Lancaster Jr. have both resigned from the board effective July 1, and Chord has nominated Samantha Holroyd and Paul Korus to serve as their replacements.

Following these changes, the Crestwood board of directors will consist of 10 members of which 90 percent are independent, 40 percent are female representatives and 50 percent have three or less years of tenure.

“Crestwood would like to congratulate Oasis and Whiting on the successful formation of Chord. The combination creates a leading Williston Basin upstream company that shares our sustainability values focused on safety, operational and environmental integrity, and carbon management,” Robert Phillips, founder, chairman and CEO of Crestwood, says in a news release. “I also want to thank Mr. Lancaster and Mr. Jacobi for their service and counsel and look forward to welcoming Ms. Holroyd and Mr. Korus to the board of directors and benefiting from their extensive industry experience and knowledge.”

Holroyd is a board member of Chord and was previously a member of the board of Oasis. She serves on Chord’s audit committee and environmental, social and governance committee. Holroyd currently serves on the board of Amerant Bancorp Inc., and she previously served on the board of Gulfport Energy Corp.

Holroyd has a long history in the energy industry in the areas of reservoir engineering, technical analysis, financial and advisory services. She holds a bachelor of science in petroleum engineering from the Colorado School of Mines, holds FINRA certifications (Series 79 and Series 63) and is a registered professional engineer in Texas. She is also a certified corporate director by the National Association of Corporate Directors.

Korus is a board member of Chord and was formerly a director of Whiting. He also serves on Chord’s audit committee and environmental, social and governance committee. Korus has more than 35 years of oil and gas industry experience and brings strong financial and accounting expertise. He began his oil and gas career in 1982 with Apache Corp., where he held positions in corporate planning, information technology and investor relations. From 1999 to 2002, Korus was the senior vice president and CFO of Key Production Co. He held the same positions with Cimarex Energy Co. from 2002 until his retirement in 2015. Korus holds a bachelor of science in economics and a master of science in accounting from the University of North Dakota.

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About the Author:

Danielle Pesta is a digital editor for North Coast Media, the parent company of LP Gas. She can be reached at dpesta@northcoastmedia.net.

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