HOUSTON, Nov. 23, 2021 /PRNewswire/ -- Oasis
Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced
today the appointment of Marguerite
Woung-Chapman to the Board of Directors, effective
immediately. Ms. Woung-Chapman will serve on the Board's
Compensation Committee as well as its Nominating, Environmental,
Social & Governance Committee. With the addition of Ms.
Woung-Chapman, the Oasis Board now comprises eight directors, seven
of whom are independent. Oasis remains committed to regular
director refreshment to ensure that its Board has the skillsets,
independence and diversity to effectively oversee the Company's
strategy and operations.
Douglas E. Brooks, Board Chair,
said, "It is a privilege to welcome Marguerite Woung-Chapman as an independent
director to the Oasis board. Her extensive energy industry
experience and expertise across corporate governance, regulatory
matters and compliance will be extremely valuable. We look forward
to benefitting from her unique perspectives as we continue
advancing Oasis' transformation and delivering value for
shareholders."
Ms. Woung-Chapman brings valuable and extensive experience in
all aspects of management and strategic direction of
publicly-traded energy companies, including a unique combination of
corporate governance, regulatory, compliance, corporate and asset
transactions, legal and business administration experience. She
currently serves as a Director of the general partner of Summit
Midstream Partners, LP and Chair of its Corporate Governance and
Nominating Committee. Previously, Ms. Woung-Chapman served as
Senior Vice President, General Counsel and Corporate Secretary at
Energy XXI Gulf Coast, Inc., a NASDAQ-listed independent
exploration and production company in the U.S. Gulf Coast Region.
Prior to that, from 2012 to 2017, she served in various capacities
at EP Energy Corporation, an NYSE-listed independent oil and gas
exploration and production company, including as Senior Vice
President, Land Administration, General Counsel and Corporate
Secretary. From 1991 until 2012 she served in various capacities of
increasing responsibility with El Paso Corporation and its
predecessors, including as Vice President, Legal Shared Services,
Corporate Secretary and Chief Governance Officer. Ms. Woung-Chapman
currently serves as the Chair of the Board of Directors and
President of the Girl Scouts of San Jacinto Council, which is the
second largest Girl Scout council in the country. Ms. Woung-Chapman
holds a B.S. in Linguistics from Georgetown
University and a J.D. from the Georgetown University Law Center.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal securities law. Such forward-looking statements
are subject to a variety of known and unknown risks, uncertainties
and other factors that are difficult to predict and many of which
are beyond management's control. These risks and assumptions are
described in Oasis' annual reports on Form 10-K and other reports
that are available from the United States Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on
forward-looking statements, which reflect management's view only as
of the date made.
Any forward-looking statement speaks only as of the date on
which such statement is made and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
About Oasis Petroleum Inc.
Oasis Petroleum Inc. is an independent exploration and
production company with quality and sustainable long-lived assets
in the Williston Basin. The Company is uniquely positioned with a
best-in-class balance sheet and is focused on rigorous capital
discipline and generating free cash flow by operating efficiently,
safely and responsibly to develop its unconventional onshore
oil-rich resources in the continental United States. For more information, please
visit the Company's website at www.oasispetroleum.com.
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SOURCE Oasis Petroleum Inc.