Sanchez Energy Corporation, a fast growing independent oil and gas company with a 95,000 net acre position in the liquids-rich Eagle Ford formation in South Texas, announced today that it has appointed Joseph R. DeDominic as its new Senior Vice President and Chief Operating Officer.
In addition, Sanchez Energy announced today that it has appointed A.R. Sanchez, Jr. as the new Executive Chairman of its Board of Directors and Alan G. Jackson as a new independent member of its Board of Directors. Mr. Jackson was appointed to Sanchez Energy's Compensation and Nominating and Corporate Governance Committees and was also appointed to serve on the Audit Committee where, consistent with the NYSE's transition period rules and as previously contemplated, he will replace Tony Sanchez III on the Audit Committee. The appointments of Messrs. Sanchez and Jackson bring the total size of Sanchez Energy's Board of Directors to five, with three directors serving independently.
Tony Sanchez III, President and Chief Executive Officer, stated "given their breadth of knowledge, experience and their significant accomplishments in the oil and gas business, Sanchez Energy is fortunate to add both Mr. DeDominic and Mr. Sanchez to key leadership positions in its executive ranks. We look forward to working closely with both of them as Sanchez Energy executes on its strategic plans. We are also pleased to add Mr. Jackson as a new independent director to our Board of Directors and look forward to his significant contributions to the strength and integrity of the Board of Directors and its corporate governance practices."
Mr. DeDominic has served in various positions at Occidental Petroleum Corporation and its affiliates ("Oxy") from 2000 until November 2012, including most recently as President and General Manager of the Williston Business Unit. He has over 24 years of oil and gas industry experience with roles of increasing responsibility managing exploration, production, operations and business development, both in the U.S. and internationally. In his most recent role, he led the acquisition and growth of Oxy's Bakken and Three Forks assets in North Dakota, where he was responsible for all aspects of business operations, including drilling, completions, production, facilities, land, geological and geophysical, human resources, health, safety and environment, regulatory and finance. His previous roles with Oxy include Director, Business Development/North American Growth, Exploration Manager, Libya and Chief Geologist, Colombia. Mr. DeDominic received a Bachelor of Arts in Geology from the University of Montana and a Master of Science in Geology from Texas A&M University.
Mr. Sanchez is the co-founder, Chief Executive Officer, and Chairman of the Board of Directors of Sanchez Oil & Gas Corporation, a private oil and natural gas company engaged in the exploration and development of oil and natural gas, primarily in Texas and the onshore Gulf Coast on behalf of its affiliates. Mr. Sanchez has close to 40 years of experience in the oil and natural gas industry. He was instrumental in identifying and acquiring certain of Sanchez Energy's key Eagle Ford properties and in the successful completion of its initial public offering. Mr. Sanchez continues to maintain and develop the deep relationships with South Texas landowners that are critical to Sanchez Energy's growth. He received his Bachelor of Arts and Doctor of Jurisprudence degrees from St. Mary's University in San Antonio, Texas.
Mr. Jackson is a Senior Commercial Producer at IBC Insurance Agency, Ltd. ("IBC") and the former co-owner of Inscorp, Inc., a leading commercial insurance agent/brokerage in South Texas, which was acquired by IBC in 2009. Mr. Jackson has been in the insurance business since 1969, working with many land and mineral owners and their representative brokers, bankers and attorneys, and with many oil and gas operators, non-operators, investors, service companies, and logistics carriers in the energy industry throughout South Texas, including the Eagle Ford Shale. Mr. Jackson received his Bachelor of Business Administration from Texas A&M University at Kingsville, Texas and is a graduate of the University of Texas, McCombs School of Business' Management Development Program.
About Sanchez Energy Corporation
Sanchez Energy Corporation is a Houston, Texas based growth oriented independent exploration and production company currently focused on the prolific Eagle Ford Shale trend of South Texas. The company has 95,000 net acres in the volatile oil, black oil, and gas condensate windows of the Eagle Ford.
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