Energy XXI elects new leader for its board

Houston-based Energy XXI Gulf Coast has named a new addition to the company’s board of directors.

Energy XII said on Monday that it appointed Gary C. Hanna as a member of the company’s board, effective March 29, 2018, and also named him as the chairman.

Hanna has over thirty years of executive experience in the E&P and oil service sectors, with extensive experience in the U.S. Gulf of Mexico region. He currently serves as a chairman of the board at Rosehill Resources and over the past two years has served as a member of the board at Hercules Offshore and Aspire Holdings.

Previously, he served as CEO and chairman of KLR Energy from 2015 to 2017. From 2009, Hanna served as the CEO of EPL Oil & Gas, until it was acquired by Energy XII in June 2014.

Other positions held by Hanna include president and CEO of Admiral Energy Services, senior VP at Tetra Technologies, president and CEO of Tetra’s affiliate Maritech Resources, president of another Tetra affiliate, Tetra Applied Technologies, president and CEO of Gulfport Energy, COO of for DLB Oil & Gas, and president and CEO of Hanna Oil Properties.

Douglas E. Brooks, Energy XXI’s CEO and president, said: “[…] we welcome Gary to EGC following a robust process led by our Nomination and Governance Committee to identify a new leader for our board.

“His extensive senior executive and board experience at exploration and production companies operating both offshore and onshore, as well as with the plugging and abandonment sector of the oilfield services industry will be particularly valuable to us. This experience will be welcome as we pursue our strategy recently implemented with the beginning of our 2018 drilling program.”

Michael Reddin, Energy XXI’s former chairman of the board, will remain on the board until the upcoming annual meeting of stockholders. Reddin decided to not stand for re-election following the end of this term.

“Mike Reddin served a key role after EGC emerged from restructuring. We would like to thank Mike for the dedication, commitment and contributions he has made to the company not only with his board leadership but also serving as interim CEO last year,” added Brooks.