Governance

Mr. Brigham is our founder and has served as our Executive Chairman since our inception in November 2012. Mr. Brigham is currently involved in various business ventures including Anthem Ventures, LLC, a family office, Brigham Exploration Company (the second entity founded by Mr. Brigham with such name), a non-operated oil and gas company focused on the Permian Basin, and Atlas Sand Company, LLC, a sand reserve holding company. Mr. Brigham also currently serves as the Executive Chairman of both Langford Energy Partners I, LLC and Brigham Oil & Gas, L.P. In addition to founding the Company in 2012, Mr. Brigham also founded Brigham Resources Operating, LLC and Brigham Resources Midstream, LLC in 2012 and served as Chairman until the sale of substantially all of their assets to Diamondback Energy, Inc., a hydrocarbon exploration company, in February 2017. Mr. Brigham formed the initial Brigham Exploration in 1990 and served as its President and Chief Executive Officer and Chairman of its board until its sale to Statoil in December 2011. Prior to founding Brigham Exploration in 1990, Mr. Brigham served for six years as an exploration geophysicist with Rosewood Resources, an oil and gas company, and as a seismic data processing geophysicist for Western Geophysical, a petroleum exploration company. Mr. Brigham earned a Bachelor of Science in Geophysics from the University of Texas. Mr. Brigham has served on the National Petroleum Council, the American Association of Petroleum Geologists, the Society of Exploration Geophysicists, the Independent Producers Association of America, the Society of Independent Professional Earth Scientists and The Bureau of Economic Geology Visiting Committee. Mr. Brigham was inducted into the All American Wildcatters in April 2012 and the University of Texas Chancellor’s Council Executive Committee in April 2015.

Robert M. Roosa has served as our President since our inception in November 2012, as our Chief Executive Officer since July 2017 and as a director of the Company since May 2018. Mr. Roosa served as the President of Anthem Ventures, LLC, a family office, and assisted Mr. Brigham with a number of family ventures between January 2012 and January 2017. Mr. Roosa served various roles, including Director of Finance and Investor Relations, while at Brigham Exploration from 2006 until its sale to Statoil in December of 2011. From 2000 to 2006, Mr. Roosa held a series of positions at Exxon Mobil Corporation, an oil and gas company, in the Corporate Treasurer’s Department. Prior to 2000, Mr. Roosa worked for Cooper Industries, an electrical products manufacturing company, in its Corporate Controllers and Audit Groups and with the accounting firm Deloitte & Touche LLP in its audit function. Mr. Roosa graduated from Southern Methodist University with a Master of Business Administration in 2000 and from the University of Texas at Austin with a Bachelor of Business Administration in 1992.

Carrie P. Clark has served as a director of the Company since February 2020. Ms. Clark is currently Executive Vice President, Chief Administrative Officer and General Counsel of University Lands, developing and managing legal and land management strategy for over 2.1 million acres of fee lands in Texas to generate oil and gas royalty and surface revenue for the benefit of the University of Texas and Texas A&M University Systems. Prior to that role, she served as Senior Vice President, Land and General Counsel of University Lands from 2015 to 2020. From 2014 to 2015, Ms. Clark served as Deputy General Counsel of Talos Energy Inc., a leading offshore energy company focused on oil and gas exploration and production in the Gulf of Mexico and offshore Mexico. From 2011 to 2015, Ms. Clark served as Vice President, Land and Legal for the oil and gas company EnerVest Operating, LLC, where she led a large, diverse team of land and legal professionals in supporting the ownership, operation and management of EnerVest’s oil and gas assets in North America. From 2008 to 2011, Ms. Clark served as Assistant General Counsel and Corporate Secretary for a wholesale generation and transmission electric cooperative structured as a 501(c)(3), which provided power supply planning and approximately $1 billion in annual electricity sales to rural Texans across much of the state. From 1998 to 2008, Ms. Clark served as landman and attorney at Shell Oil Company in New Orleans and Houston. Ms. Clark received a double major in Finance and Petroleum Land Management from Texas Tech University and a Doctor of Jurisprudence from the University of Houston Law Center.

Jon-Al Duplantier has served as a director of the Company since February 2021. Mr. Duplantier is a director of AltaGas Ltd. (TSX:ALA), where he serves on the Governance Committee. He is also a director and member of the Audit Committee of Allegiance Bancshares, Inc. (NASDAQ: ABTX). Mr. Duplantier recently retired as Parker Drilling Company’s (“Parker”) President, Rental Tools & Well Services, and prior to that was Senior Vice President, Chief Administrative Officer & General Counsel. Parker filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code in December 2018. Prior to Parker, Mr. Duplantier worked at ConocoPhillips for 14 years with positions across the globe including Indonesia and the UAE. Mr. Duplantier earned his Juris Doctor Degree from Louisiana State University and a Bachelor of Science in Chemistry from Grambling State University.

Howard Keenan, Jr. has served as a director of the Company since April 2013. Mr. Keenan has over 40 years of experience in the financial and energy businesses. Since 1997, he has been a Member of Yorktown Partners LLC, a private investment manager focused on the energy industry. From 1975 to 1997, he was in the Corporate Finance Department of the investment bank Dillon, Read & Co. Inc. and active in the private equity and energy areas, including the founding of the first Yorktown Partners fund in 1991. Mr. Keenan also serves on the boards of directors of the following public companies: Antero Resources Corporation (NYSE: AR), an oil and gas company, Antero Midstream Corporation (NYSE: AM), a midstream energy assets company, and Solaris Oilfield Infrastructure, Inc. (NYSE: SOI), an oilfield products, services and infrastructure company. Mr. Keenan also serves on the Compensation Committee of Antero Midstream Corporation (NYSE:AM). In addition, he is serving or has served as a director of multiple Yorktown Partners portfolio companies. Mr. Keenan holds a Bachelor of Arts degree cum laude from Harvard College and a Master of Business Administration degree from Harvard University.

A. Lance Langford has served as a director of the Company since August 2020. Mr. Langford has over 30 years of oil and gas industry experience. He is the CEO of Langford Energy Partners I, LLC and Brigham Oil & Gas, L.P. Previously, he was the CEO, Co-Founder, and director of Luxe Energy LLC and Luxe Minerals LLC from 2015 to 2020. Prior to that, he served as Senior Vice President for Equinor (formerly named Statoil) from 2011 to 2015. From 1995 to 2011, Mr. Langford built and led Brigham Exploration Company’s (NASDAQ: BEXP) engineering, operations, marketing, and midstream departments ultimately serving as Executive Vice President—Operations at the time the company was purchased by Statoil. Additionally, Mr. Langford serves as a director of Atlas Sand Company, LLC. He started his engineering career with Burlington Resources from 1987 to 1995. Mr. Langford earned a Bachelor of Science in Petroleum Engineering from Texas Tech University.

James R. Levy has served as a director of the Company since 2013. Mr. Levy is a former Managing Director and Partner at Warburg Pincus, where over a 15-year career he focused on investments in the energy industry. Prior to joining Warburg Pincus, he worked as an Associate at Kohlberg & Company, a middle market private equity investment firm, from 2002 to 2005, and as an Analyst and Associate at Wasserstein Perella & Co. from 1999 to 2002. Mr. Levy currently serves on the board of directors of Laredo Petroleum Inc. (NYSE: LPI) and is a former director of Antero Resources Corporation (NYSE: AR) and Antero Midstream GP, LP (NYSE: AMGP). Additionally, he is a former director of a number of private companies active in both the traditional and alternative energy sectors and is a current Trustee of the non-profit group Prep for Prep. Mr. Levy received a Bachelor of Arts in history from Yale University.

Richard K. Stoneburner has served as a director of the Company since May 2018. Mr. Stoneburner joined the investment firm Pine Brook in April 2013 and is a senior advisor on the energy investment team. Mr. Stoneburner represents Pine Brook as a director of Accelerate Resources Holdings, LLC, Pursuit Oil & Gas, LLC, Elevation Resources LLC and Sagauro Resources, LLC, each an oil and gas company. Mr. Stoneburner has over 41 years of experience in the oil and gas industry. He served as President of the North America Shale Production Division for BHP Billiton Petroleum, an exploration and development company, from 2011 to 2012. From 2009 to 2011, Mr. Stoneburner served as President and Chief Operating Officer of Petrohawk Energy Corporation, an oil and gas exploration and development company. He was also its Chief Operating Officer from 2007 to 2009 and led their exploration activities as Vice President and then Executive Vice President of Exploration from 2003 to 2007. Mr. Stoneburner began his career as a geologist in 1977 and held positions at Texas Oil and Gas Corp., Weber Energy Corp., Hugoton Energy Corp. and 3TEC Energy Corp, each an energy company. Mr. Stoneburner is on the board of directors of Tamboran Resources Limited, an oil and gas company, and is an advisor to Ayata, a software development company. He also serves on the advisory council of The Jackson School of Geosciences at the University of Texas at Austin and on the visiting committee of the Bureau of Economic Geology at the University of Texas at Austin and is a board member of Switch Energy Alliance. Mr. Stoneburner holds a Bachelor of Science in Geological Sciences from the University of Texas at Austin and a Master of Science in Geological Sciences from Wichita State University.

J.R. Sult has served as a director of the Company since May 2018. Mr. Sult also serves on the Board of Directors of Vistra Corp., joining in April 2018 following its acquisition of Dynegy Inc. where Mr. Sult previously served on the Board of Directors and as the chairman of the audit committee from October 2012 to April 2018. Mr. Sult also previously served on the board of directors and as the chairman of the audit committee of Jagged Peak Energy Inc. from January 2017 until its merger with Parsley Energy Inc. in January 2020. In addition to his service on public company boards, Mr. Sult served as Executive Vice President and Chief Financial Officer of Marathon Oil Corporation from September 2013 until August 2016. Prior to Marathon, he was a member of the executive leadership team of El Paso Corporation (“El Paso”) from November 2005 until May 2012, ultimately serving as Executive Vice President and Chief Financial Officer. Mr. Sult also served as Executive Vice President, Chief Financial Officer and director of the general partner of El Paso Pipeline Partners, L.P., during his tenure at El Paso. Prior to joining El Paso, Mr. Sult served as Vice President and Controller of Halliburton Energy Services, Inc. from August 2004 until October 2005. Prior to joining Halliburton, Mr. Sult was an audit partner with Arthur Andersen LLP. He graduated from Washington & Lee University with a Bachelor of Science with Special Attainments in Commerce.