Lime Rock Resources announces promotions

Lime Rock Resources, acquirers and operators of producing oil and gas properties in the US has announced three promotions. Tim Miller is executive vice president of operations and chief operating officer; Chris Butta is now senior vice president of engineering and chief engineer and Morrow Evans is now senior vice president of finance and chief financial officer.

PRESS RELEASE

Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, today announces three promotions: Tim Miller is now Executive Vice President of Operations and Chief Operating Officer; Chris Butta is now Senior Vice President of Engineering and Chief Engineer; and Morrow Evans is now Senior Vice President of Finance and Chief Financial Officer. Mr. Butta and Mr. Miller have been with the Lime Rock Resources team since its inception in 2005, and Mr. Evans joined the team in 2009. The three individuals and the co-CEOs of the Lime Rock Resources team will continue to serve as the senior management of the organization.

Eric Mullins, co-CEO of Lime Rock Resources, said, “From five people in 2005 to a team of over 125 today, the Lime Rock Resources team has successfully grown our operations from a concept to an oil and gas business with assets in multiple states. Tim, Chris, and Morrow have played essential leadership roles in leading our three key functions—engineering, finance, and operations—that have allowed this growth.” Charlie Adcock, co-CEO of Lime Rock Resources, added, “What particularly gratifies us about the promotions is not only how effective each of our senior leaders are at managing their teams but how well Chris, Tim, and Morrow work together. The three of them contribute in countless ways across the value chain to help us acquire producing properties at good values and effectively operate them to deliver returns to our investors.”

Lime Rock Resources also announces that David Sibley has been promoted to Facilities Manager for the Lime Rock Resources team and Dawn Smajstrla has joined the team as Controller.

Through three private Lime Rock Resources funds and LRR Energy, the Lime Rock Resources team acquires, operates, and improves producing oil and gas properties in the United States. Based in Houston, the Lime Rock Resources team is acquiring a diverse group of proved oil and gas properties to provide its investors with attractive long-term returns. Established in 1998, Lime Rock Management has raised $5.5 billion in private equity funds for investment in the energy industry through Lime Rock Resources and Lime Rock Partners, investors of growth capital in E&P and oilfield services companies worldwide.

SOURCE Lime Rock Resources

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