Falcon Minerals Corp. Appoints Bryan C. Gunderson President & Chief Executive Officer & Appoints Matthew B. Ockwood Chief Fin...
June 28 2021 - 4:15PM
Business Wire
Falcon Minerals Corporation (“Falcon,” or the “Company,” “we,”
“our,”) (NASDAQ: FLMN, FLMNW), a leading oil and gas minerals
company, announces the appointment of Bryan C. Gunderson as
President and Chief Executive Officer and the departure of Daniel
C. Herz, former President and Chief Executive Officer. Mr.
Gunderson’s appointment and Mr. Herz’s departure are both effective
immediately. Mr. Gunderson has also been appointed to the Board of
Directors (the “Board”) to fill the vacancy created by Mr. Herz’s
resignation.
Falcon’s Board of Directors has also hired Matthew B. Ockwood to
serve as Chief Financial Officer. Mr. Ockwood joins Falcon as an
experienced oil and gas investor, most recently serving as a
Managing Director and member of the investment committee for
Chambers Energy Capital.
Board and Management Statement
Claire R. Harvey, Chairman of Falcon’s Board of Directors,
commented, “We are grateful to Daniel for the leadership, vision,
and loyalty he has provided Falcon since the formation of the
Company and we wish him all the best in his future endeavors. Bryan
has served as Falcon’s Chief Financial Officer for over two years
and brings a wealth of experience to his new role. We are delighted
that he has agreed to lead the Company, and we are confident that
Bryan is the ideal person to execute on Falcon’s strategic path
forward.” Ms. Harvey continued saying, “Matt is a proven investor
in the oil and gas industry and is a strong addition to the Falcon
team.”
Mr. Herz, Falcon’s outgoing Chief Executive Officer, said,
“Having successfully navigated through the last year and a half,
and with Falcon positioned for continued growth and success, now is
the right time for me to move on to pursue a new chapter. I am
proud of the great Company and team we have built, and I look
forward to rooting Bryan and the entire Falcon team on as they
continue to move the business forward.”
Mr. Gunderson commented, “I am grateful to the Board for the
opportunity to further serve Falcon and our shareholders. We have
the assets, balance sheet, and team to succeed and we are poised to
thrive with the improving market backdrop. I am looking forward to
working with Matt in his new role and I want to thank Daniel
personally for his mentorship and guidance during my tenure as
Chief Financial Officer.”
About Falcon Minerals
Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) is a
C-Corporation formed to own and acquire high growth oil-weighted
mineral rights. Falcon Minerals owns mineral, royalty, and
over-riding royalty interests covering approximately 256,000 gross
unit acres in the Eagle Ford Shale and Austin Chalk in Karnes,
DeWitt, and Gonzales Counties in Texas. The Company also owns
approximately 80,000 gross unit acres in the Marcellus Shale across
Pennsylvania, Ohio, and West Virginia. For more information, visit
our website at www.falconminerals.com.
Cautionary Note Regarding Forward-Looking Statements
This document contains forward-looking statements that involve a
number of assumptions, risks and uncertainties that could cause
actual results to differ materially from those contained in the
forward-looking statements. Falcon cautions readers not to place
any undue reliance on these forward-looking statements as
forward-looking information is not a guarantee of future
performance. Such forward looking statements include, but are not
limited to, statements about future financial and operating
results, future dividends paid, the tax treatment of dividends
paid, Falcon’s plans, initiatives, objectives, expectations and
intentions and other statements that are not historical facts.
Risks, assumptions and uncertainties that could cause actual
results to materially differ from the forward-looking statements
include, but are not limited to, those associated with general
economic and business conditions; the COVID-19 pandemic and its
impact on Falcon and on the oil and gas industry as a whole;
Falcon’s ability to realize the anticipated benefits of its
acquisitions; changes in commodity prices; uncertainties about
estimates of reserves and resource potential; inability to obtain
capital needed for operations; Falcon’s ability to meet financial
covenants under its credit agreement or its ability to obtain
amendments or waivers to effect such compliance; changes in
government environmental policies and other environmental risks;
the availability of drilling equipment and the timing of production
in Falcon’s regions; tax consequences of business transactions; and
other risks, assumptions and uncertainties detailed from time to
time in Falcon’s reports filed with the U.S. Securities and
Exchange Commission, including under the heading “Risk Factors” in
Falcon’s most recent annual report on Form 10-K as well as any
subsequently filed quarterly reports on Form 10-Q and current
reports on Form 8-K. Forward looking statements speak only as of
the date hereof, and Falcon assumes no obligation to update such
statements, except as may be required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210628005784/en/
Falcon Minerals: Jeff Brotman Chief Legal Officer
jbrotman@falconminerals.com
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