OKLAHOMA CITY, Dec. 20, 2016 /PRNewswire/ -- Tapstone Energy announced today the naming of Steven C. Dixon as Chief Executive Officer. Dixon will replace Tom L. Ward effective Jan. 1, 2017. Dixon most recently served as Executive Vice President of Operations and Geosciences and Chief Operating Officer of Chesapeake Energy. Dixon has over 36 years of industry experience and a proven track record of achieving significant production and reserve growth while overseeing the largest drilling program in the world during his tenure at Chesapeake. Ward, who founded Tapstone, SandRidge Energy and co-founded Chesapeake Energy, will maintain a large ownership stake in Tapstone and again focus his efforts on a new venture to be based in Oklahoma City.
"Tapstone has acquired and developed an impressive acreage position in a prolific area of the Anadarko Basin referred to as the NW Stack. I am pleased to bring my years of experience to this exciting play," commented Dixon. "In addition to solid asset positioning and financial strength, I am grateful to Tom for assimilating a management team and employee base with such significant levels of experience. The company is poised for a great future."