McDonald served as Chief Executive Officer of Forest Oil Corporation (NYSE:FST) from June 2012 – 2014. McDonald is Chief Executive Officer and Director of the Company since 2004.
Leidel served as a director of predecessor companies, Carbon Energy Corporation and Interenergy Corporation. (Nasdaq: METC) and certain non-public companies in which Yorktown partnerships hold equity interests. Leidel is a director of Ramaco Resources, Inc. He was previously employed in corporate treasury positions at Mobil Corporation and worked for KPMG Peat Marwick and the U.S. since 1983, serving as Senior Vice President until the merger of Dillon Read with SBC Warburg in 1997. Leidel had previously been employed at Dillon, Read & Co. Leidel is a founder and member of Yorktown Partners LLC, a manager of private equity partnerships which invest in the energy industry. Bailey also served as a Director of Encore Acquisition Company, a NYSE-listed oil and gas exploration and production company, from May 2006 until its merger with Denbury Resources Inc. Bailey served as a Director of LR Energy from November 2011 until its merger with Vanguard Natural Resources in October 2015. Bailey was a Portfolio Manager at Carlyle-Blue Wave Partners Management, LP, an investment partnership. From December 2006 until August 2008, Mr. Bailey was a founder and Managing Partner of 1859 Partners LLC, an energy investment partnership, from March 2009 until June 2011.
Bailey was previously employed at Voya Investment Management since June 2011 with roles in investment research and portfolio management. Bailey is a member of Yorktown Partners LLC, a manager of private equity partnerships which invest in the energy industry. Bailey has been a Director since December 2019. Brandi served as a director of OGE Energy Corp (NYSE: OGE) from 2010-2021. and later its successor firm, UBS Warburg, concentrating on transactions in the energy and consumer goods areas. Brandi was a Managing Director at Dillon, Read & Co. Brandi was a Managing Director at UBS Securities, LLC, where he was the Deputy Global Head of the Energy and Power Groups. Brandi was a partner of Hill Street Capital, LLC, a financial advisory and private investment firm purchased by BNP Paribas in 2010. Brandi was formerly a Managing Director of BNP Paribas Securities Corp., where he served from 2010 until 2011. Brandi is Chairman of the Board of Directors and has been a Director since 2012. All rights reserved.The Board of Directors of Carbon Energy Corporation are energy industry leaders whose expertise, guidance and oversight assist the Company to achieve its goals and objectives. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc. Vanguard Natural Gas already owns Encore’s general partner and approximately 45.6% of the Encore outstanding common units and has also executed the definitive agreement between Vanguard and Encore. The deal would streamline Vanguard’s organizational structure create an enterprise “of significantly increased size and scale ” and expand its geographic reach and diversification from an operational and employee perspective, the company said.įor Encore the deal would eliminate an administrative services agreement, which currently requires Encore to pay an annual fee of approximately $6.5 million to its general partner and provide Encore unitholders with “ownership in a much larger and more diverse entity with an enterprise value of approximately $2 billion.”Ĭompletion of the merger is subject to approval by a majority of the outstanding Encore common units. Vanguard operates oil and gas properties in the southern portion of the Appalachian Basin, as well as in the Permian Basin, South Texas and Mississippi.Įncore has drilling under way in the Big Horn Basin of Wyoming and Montana, as well as in the Williston Basin in North Dakota, the Permian Basin of Texas and New Mexico, and the Arkoma Basin in Arkansas and Oklahoma. The transaction would result in about 18.4 million additional common units being issued by Vanguard. The deal “would simplify our commercial activities and organizational structure as well as lower our overall cost of capital,” said Vanguard CEO Scott W.
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