OKLAHOMA CITY, Nov. 09, 2017 (GLOBE NEWSWIRE) — Roan Resources LLC (“Roan” or the “Company”) announces today that is has named Tony Maranto as President and Chief Executive Officer and a member of the Company’s Board of Directors (“the Board”) effective October 23, 2017. Mr. Maranto has more than two decades of leadership experience at EOG Resources, Inc., including serving more than a decade as Vice President and General Manager of EOG-Oklahoma City.
“Roan is focused on the accelerated development of one of the most viable horizontal opportunities in the country, the prolific Merge/SCOOP/STACK play in central Oklahoma. Mr. Maranto’s strong exploration, operations and development experience in this area and his people-first leadership approach made him a clear choice to lead Roan. He is a principled leader with an aggressive growth vision for the Company. Key to making that vision a reality is his ability to recruit top leadership and technical talent and empower them in their new roles. We strongly support Mr. Maranto in his new role and look forward to the future of Roan,” collectively stated the Board.
“Roan Resources begins its story from an enviable position. With its sizable acreage position in one of the nation’s top unconventional plays and ample liquidity, Roan is positioned to succeed. Through the combination of premier acreage and the establishment of a strong leadership team, Roan enters the scene with the achievable goal of becoming the best-in-class operator in the basin. Coming from an operations background, I have seen the value in keeping a technical team close to well site operations. In that light, I am excited to announce that we will be headquartered in Oklahoma City, a community with a rich history of oil and gas exploration, technical talent and innovation,” said Tony Maranto, Roan’s President and Chief Executive Officer.
ABOUT TONY MARANTO
Tony Maranto has more than 35 years of experience in the oil and natural gas industry, including two decades of leadership experience at EOG Resources, Inc. During this time he served for more than a decade as Vice President and General Manager of EOG-Oklahoma City and was responsible for their Mid-Continent operations. He has also previously served in leadership roles at Continental Resources and EnerVest Operating Company. Mr. Maranto holds a Master of Business Administration from Centenary College and a Bachelor of Science in Petroleum Engineering from Louisiana Tech University.
Headquartered in Oklahoma City, Roan Resources LLC is a private pure play company focused on the accelerated horizontal development of the prolific Merge/SCOOP/STACK play in Oklahoma. Formed in August 2017 by LINN Energy, Inc. (OTCQB: LNGG) and Citizen Energy II, LLC, Roan has the significant size, scale and financial strength to grow production, reserves and value from a vast resource potential of more than two billion BOE.