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Abraxas Petroleum Corp (AXAS.OQ)

AXAS.OQ on NASDAQ Stock Exchange Capital Market

0.23USD
2 Jul 2020
Change (% chg)

$-0.00 (-0.87%)
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Volume
778,415
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2,209,221
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$1.09
52-wk Low
$0.09

Summary

Name Age Since Current Position

Robert Watson

68 1977 Chairman of the Board, President, Chief Executive Officer

Steven Harris

45 2018 Vice President - Chief Financial Officer

George Krog

65 2017 Chief Accounting Officer, Vice President

Kenneth Johnson

61 2018 Vice President - Operations

Stephen Wendel

69 2017 Vice President – Marketing & Contracts and Secretary

Peter Bommer

62 2012 Vice President - Engineering

Tod Clarke

50 2017 Vice President – Land

Dirk Schwartz

60 2017 Vice President – Business Development

Ralph Cox

86 Lead Independent Director

Brian Melton

49 2009 Independent Director

Angela Meyer

57 Independent Director

Biographies

Name Description

Robert Watson

Mr. Robert Leon Glen Watson serves as Chairman of the Board, President, Chief Executive Officer of the Company. Watson has served as Chairman of the Board, President, Chief Executive Officer and a director of Abraxas since 1977. Mr. Watson held petroleum engineering positions with Tesoro Petroleum Corporation and DeGolyer and MacNaughton. Mr. Watson received a Bachelor of Science degree in Mechanical Engineering from Southern Methodist University in 1972 and a Master of Business Administration degree from the University of Texas at San Antonio in 1974. Mr. Watson has been involved in the oil and gas industry for his entire business career and is the founder of Abraxas. He has developed a wide network of personal and business relationships within the oil and gas industry. His strong engineering and financial background combined with his many years of operational experience throughout changing conditions in the market and industry provide him with the ability to successfully lead the Company.

Steven Harris

Mr. Steven P. Harris is Vice President - Chief Financial Officer of the company. Mr. Harris joined Abraxas in June 2018 as Director, Finance and Capital Markets. Prior to joining Abraxas, from June 2017 to May 2018 Mr. Harris was with Sundance Energy where he assisted Sundance’s Business Development and Investor Relations efforts. From 2008 through 2017, Mr. Harris was a Managing Director and headed the U.S. Energy Investment Banking division of Canaccord Genuity in Houston, Texas. Prior to joining Canaccord Genuity, Mr. Harris served in the Business Development Group at El Paso Exploration and Production. Mr. Harris earned his Bachelor of Business Administration from the University of Texas at Austin and a Master of Business Administration from the Rice University Jesse H. Jones Graduate School of Management.

George Krog

Mr. George William Krog serves as Chief Accounting Officer, Vice President of the Company., since 2011. Mr. Krog has served as Chief Accounting Officer since 2011 and Vice President – Chief Accounting Officer since November 2017. Mr. Krog joined Abraxas in 1995 and most previously served as Information Systems / Financial Reporting Director prior to being appointed Chief Accounting Officer. Prior to joining Abraxas, Mr. Krog was an independent accountant in private practice. Mr. Krog received a Bachelor of Business Administration degree from the University of Texas at Austin in 1976 and is a Certified Public Accountant.

Kenneth Johnson

Mr. Kenneth Wayne Johnson serves as Vice President - Operations of the Company. Mr. Johnson joined Abraxas in 2000 and most recently served as Regional Operations Manager. Prior to joining Abraxas, Mr. Johnson served as a consultant to various operators in supervisory and operations management roles across the US including the Mid-Continent, Rockies, and Gulf Coast regions.

Stephen Wendel

Mr. Stephen T. Wendel serves as Vice President – Marketing & Contracts and Secretary of the Company. Mr. Wendel served as Abraxas’ Vice President of Land and Marketing from 1990 to August 2017. Mr. Wendel served as Abraxas’ Manager of Joint Interests and Natural Gas Contracts from 1982 to 1990. Prior to joining Abraxas, Mr. Wendel held accounting, auditing and marketing positions with Tenneco Oil Company and Tesoro Petroleum Corporation. Mr. Wendel also serves as a director of the Corporation Board and the Development Board of Texas Lutheran University. Mr. Wendel received a Bachelor of Business Administration degree in Accounting from Texas Lutheran University in 1971.

Peter Bommer

Mr. Peter A. Bommer serves as Vice President - Engineering of the Company., since 2012 and as Manager of Special Projects since 2007. Prior to joining Abraxas, Mr. Bommer owned and ran the day-to-day operations of Bommer Engineering, a privately held engineering firm, for over 25 years. Mr. Bommer received a Bachelor of Science in Petroleum Engineering degree from the University of Texas in 1978 and a Master of Theology degree from Dallas Theological Seminary in 1999. Mr. Bommer also holds the Professional Engineer designation.

Tod Clarke

Mr. Tod A. Clarke is Vice President – Land of the Company. Mr. Clarke joined Abraxas in 2000 as Land Manager. Prior to joining Abraxas, Mr. Clarke worked at Exxon USA for 15 years. Mr. Clarke received a Bachelor of Science – Land Management degree from the University of Houston in 1984. Mr. Clarke also is a Certified Petroleum Landman.

Dirk Schwartz

Mr. Dirk A. Schwartz is Vice President – Business Development of the Company. Mr. Schwartz joined Abraxas in 2013 as Director of Corporate Development. Prior to joining Abraxas, Mr. Schwartz worked at Renegade Petroleum (North Dakota) Ltd. as manager of US negotiations. Mr. Schwartz received a Bachelor of Science in Geology degree from the University of Wyoming in 1982 and a Master of Science in Geology degree from the University of North Dakota in 1987. Mr. Schwartz also is a Certified Petroleum Landman.

Ralph Cox

Mr. Ralph F. Cox is a Lead Independent Director of the Company. Mr. Cox retired from ARCO in 1985 after serving as Vice Chairman. Mr. Cox then joined Union Pacific Resources, retiring in 1989 as President and Chief Operating Officer. Mr. Cox then joined Greenhill Petroleum Corporation as President until leaving in 1994 to pursue a consulting business. Mr. Cox currently serves as a trustee for Fidelity Mutual Funds. Mr. Cox previously served as a director of Abraxas General Partner, LLC, the general partner of Abraxas Energy Partners, L.P., as a director of CH2M Hill Companies, an engineering and construction firm, as a director of World GTL Inc., a gas-to-liquids production facility, and as an advisory director of Impact Petroleum, an oil and gas exploration and production company. Mr. Cox received Bachelor of Science degrees in Petroleum Engineering and Mechanical Engineering from Texas A&M University in 1954 and completed advanced studies at Emory University.

Brian Melton

Mr. Brian L. Melton serves as an Independent Director of the Company. Mr. Melton has served on the Board of Directors of Abraxas since October of 2009. Mr. Melton has served as the Chief Commercial Officer for Blueknight Energy Partners (Nasdaq: “BKEP”, or “Blueknight”), a publicly traded master limited partnership (MLP) that specializes in providing crude oil and asphalt terminaling, pipeline and transportation services across the U.S., since December 2016, while previously serving as Vice-President of Pipeline Marketing & Business Development for Blueknight from December 2013 until December 2016. Prior to joining Blueknight, Mr. Melton served as Vice-President of Business Development / Corporate Strategy for Crestwood Equity Partners, L.P. (NYSE: CEQP), Crestwood Midstream Energy Partners, L.P. (NYSE: CMLP), and Inergy, L.P. (NYSE: NRGY) from September 2008 until December 2013. Crestwood and Inergy are publicly-traded MLPs that specialize in providing midstream crude oil, natural gas and natural gas liquids services to producers and midstream providers in many of the major U.S. shale plays including the Bakken, Eagle Ford, Marcellus / Utica, Barnett, Fayetteville, Haynesville and Niobrara U.S. shale regions. Prior to joining Inergy in 2008, Mr. Melton was a Director in the Energy Corporate Investment Banking groups of Wachovia Securities and A.G. Edwards, prior to its merger with Wachovia Securities in October of 2007. Mr. Melton joined A.G. Edwards in July 2000 and was a senior member of the energy corporate finance team. From November 1995 until July 2000,

Angela Meyer

Dr. Angela A. Meyer is Independent Director of the Company. Dr. Meyer served as Vice President, Client Services of Exponent, Inc. (NASDAQ: “EXPO”, or “Exponent”), a science and engineering consulting firm, where she was the chief business development, marketing and client relations officer and served on the firm’s operating and development committees. From 1998 to 2002, Dr. Meyer served as Marketing Manager for Exponent. Dr. Meyer also serves on the External Advisory Board of Summit Consulting, LLC (August 2018-present) and the Advisory Board of SMU Lyle School of Engineering (2006 – present). Dr. Meyer received a BSE, Mechanical Engineering, a MSME, Mechanical Engineering, and a PhD, Mechanical Engineering, from Southern Methodist University.

Basic Compensation

Name Fiscal Year Total

Robert Watson

852,799

Steven Harris

321,891

George Krog

--

Kenneth Johnson

633,066

Stephen Wendel

421,813

Peter Bommer

420,813

Tod Clarke

--

Dirk Schwartz

--

Ralph Cox

128,750

Brian Melton

135,950

Angela Meyer

--
As Of  31 Dec 2018