Brigham Minerals, Inc. Announces Appointment of Carrie Clark to the Board of Directors

Feb 27, 2020 04:17 pm
AUSTIN, Texas -- 

Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals,” “Brigham,” or the “Company”), a leading mineral and royalty interest acquisition company, today announced that it has appointed a new independent director, Carrie Clark, to the Company’s board of directors, effective immediately. Ms. Clark will serve on the Audit Committee, and her appointment increases the size of the board of directors to nine members.

Ben M. (“Bud”) Brigham, Executive Chairman commented, “On behalf of Brigham’s Directors, I am excited to welcome Carrie to our board. She brings vast oil and gas industry experience and a deep knowledge of both the Permian Basin and minerals that will provide valuable leadership and counsel, which will help steward the interests of our shareholders. Carrie joins the board during a pivotal time for Brigham, as we continue developing our portfolio through accretive acquisitions while also targeting transformational transactions.”

Ms. Clark has served as Senior Vice President, Land and General Counsel of University Lands since 2015, developing and implementing legal and land management strategy for over 2.1 million acres of fee lands in Texas which generate oil and gas royalty and surface revenue for the benefit of the University of Texas and Texas A&M University Systems. From 2014 to 2015, Ms. Clark served as Deputy General Counsel of Talos Energy Inc., an offshore energy company focused on oil and gas exploration and production in the Gulf of Mexico and offshore Mexico. From 2011 to 2015, Ms. Clark served as Vice President, Land and Legal for EnerVest Operating, LLC, where she led a large, diverse team of land and legal professionals in supporting the ownership, operation, and management of EnerVest’s oil and gas assets in North America. From 2008 to 2011, Ms. Clark served as Assistant General Counsel and Corporate Secretary for a wholesale generation and transmission electric cooperative structured as a 501(c)(3) which provided power supply planning and approximately $1 billion in annual electricity sales to rural Texans across much of the state. From 1998 to 2008, Ms. Clark served as landman and attorney at Shell Oil Company in New Orleans and Houston.

Robert M. (“Rob”) Roosa, Chief Executive Officer, added, “Carrie has an extraordinary technical understanding of our business and exceptional knowledge of our operators through her work with University Lands. She will undoubtedly make a significant impact. I’m excited about the opportunity to work with her and the rest of the Brigham Board to help realize the Company’s strategic vision to become the preeminent diversified mineral company in the United States.”

Ms. Clark earned a bachelor’s degree in business administration with a double major in finance and petroleum land management from Texas Tech University, and she received her law degree from the University of Houston. She is a past recipient of the Houston Business Journal’s Best Corporate Counsel Award for Best Solo General Counsel.

ABOUT BRIGHAM MINERALS, INC.

Brigham Minerals is an Austin, Texas, based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States. Brigham Minerals’ assets are located in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the DJ Basin in Colorado and Wyoming, and the Williston Basin in North Dakota. The Company’s primary business objective is to maximize risk-adjusted total return to its shareholders by both capturing organic growth in its existing assets as well as leveraging its highly experienced technical evaluation team to continue acquiring minerals.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and anticipated financial and operating results of the Company. These statements are based on certain assumptions made by the Company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include, but are not limited to, downturns in operator activity due to commodity price fluctuations, the Company’s ability to integrate acquisitions into its existing business, changes in oil, natural gas and NGL prices, weather and environmental conditions, the timing of planned capital expenditures, availability of acquisitions, operational factors affecting the commencement or maintenance of producing wells on the Company’s properties, the condition of the capital markets generally, as well as the Company’s ability to access them, the proximity to and capacity of transportation facilities, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting the Company’s business and other important factors. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the Company’s actual results and plans could differ materially from those expressed in any forward-looking statements.

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.

At the Company:
Brigham Minerals, Inc.
Blake C. Williams
Chief Financial Officer
(512) 220-6350

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For Investor and Media Inquiries:
Lincoln Churchill Advisors
Julie D. Baughman
(512) 220-1500
InvestorRelations@brighamminerals.com