Evolution Petroleum's board of directors appointed Kelly Loyd CEO after he served as interim CEO since June 2022, a company press release announced on Oct. 27.
In July, CEO Jason Brown left Evolution to pursue other opportunities after joining three years prior to help diversify the company's asset portfolio.
RELATED
Brown Departs Evolution Petroleum; Loyd Named Interim CEO
With over 20 years of energy experience, Loyd has spent his career focusing on analyzing public and private energy investment opportunities, as well as corporate finance and M&A.
He served on the company's board of directors since 2008, where he chaired the investment committee. Prior to this appointment,Loyd held roles overseeing upstream investments at private energy investment vehicles Petralis Energy Partners LLC and JVL Advisors LLC since 2004.
"I am extremely excited to lead the talented group of professionals at Evolution as we move forward and continue to achieve our long-term goals," Loyd said in the release. "I am fully committed and aligned with the Board to remain steadfast in executing the company's strategy of disciplined financial management and accretive capital allocation with a goal of maximizing total shareholder returns."
Before beginning his tenure at Petralis and JVL Advisors, Loyd served as an associate at RBC Capital Markets and Howard Frazier Barker Elliot in their finance investment banking groups between 2001 and 2004.
Prior to 2001, he was also managing partner of Tigre Leasing LLP and an analyst with the energy corporate financing investment banking group at Jefferies and Co. Inc., as well as the founder of L.A.B. Sports and Entertainment.
Loyd graduated from Southern Methodist University with a bachelors of science in economics with finance applications and Rice University with an MBA.
"Kelly demonstrated both high energy and passion for our mission and developing the Evolution team during his service as interim CEO," board chairman and founder Robert Herlin commented in the release. "His service on the board over the last 13 years gives confidence to the board that he shares our vision for the future and best leadership practices."
Recommended Reading
Analysts’ Oilfield Services Forecast: Muddling Through 2025
2025-01-21 - Industry analysts see flat spending and production affecting key OFS players in the year ahead.
New Jersey’s HYLAN Premiers Gas, Pipeline Division
2025-03-05 - HYLAN’s gas and pipeline division will offer services such as maintenance, construction, horizontal drilling and hydrostatic testing for operations across the Lower 48
Darbonne: The Power Grid Stuck in Gridlock
2025-01-05 - Greater power demand is coming but, while there isn’t enough power generation to answer the call, the transmission isn’t there either, industry members and analysts report.
E&P Highlights: Jan. 6, 2025
2025-01-06 - Here’s a roundup of the latest E&P headlines, including company resignations and promotions and the acquisition of an oilfield service and supply company.
US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
2025-03-07 - Baker Hughes said this week's decline puts the total rig count down 30, or 5% below this time last year.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.