Revenir operates and develops oil and gas assets in the Permian Basin of West Texas and Shelby County region of East Texas.
California Resources sees the separation of its E&P and carbon management businesses as a way to strengthen shareholder returns under Francisco Leon, who will become president and CEO in April.
Along with Joelson Falcao as head of E&P, Petrobras CEO Jean Paul Prates has also appointed William Franca as head of refining and natural gas and Claudio Schlosser as head of commercial and logistics.
Last week, Smith had resigned from Capricorn Energy amidst plans for a merger with NewMed.
Felipe Bayon's departure comes amid tension between the oil sector and the Colombian government.
Shareholders will vote on Feb. 1 over Capricorn's planned merger with NewMed and the question of replacing top leadership positions.
The rebrand signifies Vital Energy’s commitment to its long-term energy goals, says CEO Jason Pigott.
Prates plans to present his plans for the company after he takes over the firm, expected in mid-January.
Clement was previously CFO for PetroQuest Energy, a publicly traded E&P company with oil and natural gas assets.
John J. Mitchell will replace current general counsel and corporate secretary Newton W. Wilson III.