Denver, Co., USA - June 19, 2014, Denver, Co., USA - PDC Energy, Inc., a natural gas and oil company, announced that James M. Trimble, president and CEO, will step down and return to his previously held board of directors role in January 2015.
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Mr. Trimble was appointed Chief Executive Officer and President of the Company in June 2011, having served on the Board since 2009. From August 2005 until November 2010, Mr. Trimble served as Managing Director of Grand Gulf Energy, Limited, a public company traded on the Australian Securities Exchange, and retired from the Board of Directors of Grand Gulf Energy, Limited in November 2011.
In January 2005, Mr. Trimble founded and served until November 2010 as President and Chief Executive Officer of the U.S. subsidiary Grand Gulf Energy Company LLC, an exploration and development company focused primarily on drilling in mature basins in Texas, Louisiana and Oklahoma. From 2000 through 2004, he was Chief Executive Officer of Elysium Energy and then Tex-Cal Energy LLC, both of which were privately held oil and gas companies that he managed through troubled workout solutions.
Prior to this, he was Senior Vice President of Exploration and Production for Cabot Oil and Gas. Mr. Trimble was hired in July 2002 as CEO of TexCal (formerly Tri-Union Development) to manage a distressed oil and gas company through bankruptcy, and that company filed for Chapter 11 reorganization within 45 days after the date that Mr. Trimble accepted such employment.
He successfully managed the company through its exit from bankruptcy in 2004.
From November 2002 until May 2006, he also served as a director of Blue Dolphin Energy, an independent oil and gas company with operations in the Gulf of Mexico. Mr. Trimble currently serves on the Board of Directors of Callon Petroleum Company and Seisgen Exploration LLC, a small private exploration and production company operating in southern Texas. As a member of the Board, Mr. Trimble will serve as an operations advisor.
Mr. Trimble will be succeeded as President and CEO by Barton Brookman.
Mr. Brookman will be appointed President effective immediately. He has been with the Company since 2005, most recently serving as the Executive Vice President and Chief Operating Officer since his appointment in June 2013.
Prior to his appointment to Executive Vice President and Chief Operating Officer in 2013, Mr. Brookman served as the Company's Senior Vice President of Exploration and Production. Before joining PDC in 2005, he worked for Patina Oil and Gas and its predecessor Snyder Oil from 1988 until 2005 in a series of operational and technical positions of increasing responsibility, ending his service as Patina's Vice President of Operations. ■