SandRidge Energy, Inc. Appoints Industry Veteran, J. Mike Stice to Board of Directors; Announces Resignation of Roy T. Oliver, Jr.
OKLAHOMA CITY, Feb. 5, 2015 /PRNewswire/ -- SandRidge Energy, Inc. (NYSE: SD) today announced the appointment of J. Mike Stice to the board of directors. Mr. Stice has over 30 years of experience in the oil and gas industry including leadership roles at ConocoPhillips and most recently as the Chief Executive Officer of Access Midstream Partners, L.P. from July 2010 until its merger with Williams Partners L.P. in December 2014.
"We are very pleased to welcome Mike to SandRidge. His deep industry background and executive experience will provide a welcome perspective to our discussions," said Jeff Serota, Chairman of the Board. "Mike has long been recognized as a leader in our industry and his addition adds significant strength to our board."
Separately, the board announced that Mr. Oliver, a board member since his appointment in 2006, has notified the board of directors of his intention to resign effective February 28, 2015.
"The entire board of directors and company would like to sincerely thank Roy for his time and many contributions to SandRidge," said Serota. "Roy has provided the board with much wisdom and insight over the course of his tenure. We are sorry to see him leave but wish him all the best in his future endeavors."
"SandRidge is gaining prized insight with the addition of a well-known industry executive to our board of directors, said James Bennett, Chief Executive Officer and President. "As we continue to focus on efficiency, innovation and generating returns, Mike's experience will be invaluable in our efforts."
"I am impressed with the culture SandRidge has developed and their ability to unlock value in this market. I look forward to joining the board and working with senior management to build on the many strengths at SandRidge and to respond effectively to today's market volatility," said Stice.
Prior to his role at Access Midstream Partners, L.P., Mr. Stice served as President and Chief Operating Officer of Chesapeake Midstream Development, L.P., and as Senior Vice President – Natural Gas Projects of Chesapeake Energy. Before joining Chesapeake in 2008, Mr. Stice spent 27 years with ConocoPhillips and its predecessor companies, where he most recently served as President of ConocoPhillips Qatar, responsible for the development, management and construction of natural gas liquefaction and regasification (LNG) projects. While at ConocoPhillips, he also served as Vice President of Global Gas LNG, as President of Gas and Power and as President of Conoco Energy Solutions in addition to other roles in ConocoPhillips' upstream and midstream business units. Mr. Stice serves on the Boards of Directors of the Southern Gas Association and U.S. Silica Holdings, Inc. Mr. Stice received his chemical engineering degree in 1981 from the University of Oklahoma, a master's degree in business from Stanford University in 1995 and an international director's diploma from Queensland University in 1997. In 2011, he completed his doctorate of education at The George Washington University.
About SandRidge Energy, Inc.
SandRidge Energy, Inc. (NYSE: SD) is an oil and natural gas Company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production. SandRidge and its subsidiaries also own and operate gas gathering and processing facilities, saltwater gathering and electrical infrastructure facilities and conduct marketing operations. In addition, Lariat Services, Inc., a wholly-owned subsidiary of SandRidge, owns and operates a drilling rig and related oil field services business. SandRidge focuses its exploration and production activities in the Mid-Continent region of the United States. SandRidge's internet address is www.sandridgeenergy.com
CONTACT:
Duane M. Grubert
EVP – Investor Relations and Strategy
SandRidge Energy, Inc.
123 Robert S. Kerr Avenue
Oklahoma City, OK 73102
+1 (405) 429-5515
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SOURCE SandRidge Energy, Inc.
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