Endeavor Energy Resources, LP Announces New Chief Financial Officer

Endeavor Energy Resources, LP Announces New Chief Financial Officer

16:20 24 January in News

MIDLAND, TX – (January 24, 2023) – Endeavor Energy Resources, LP (“Endeavor”) announces the acceptance of Chief Financial Officer Damon Button’s retirement from such position effective today. Mr. Button will stay at the company until February 24, 2023, to assist with the transition. Mr. Button has served the company as Chief Financial Officer since October 2003 and on its general partner’s Board of Managers (“Board of Managers”) since April 2013. Mr. Button has been part of Endeavor’s growth from a small independent vertical drilling company to one of the largest private oil and gas operators in the United States.

“It has been my greatest pleasure to support Endeavor and its family of companies over the years,” said Damon Button. “I want to express my appreciation to Autry C. Stephens for including me in the company’s successful growth and to my Endeavor colleagues for their contributions over the past two decades. Working with Endeavor and many financial institutions over the years has been an honor.”

In combination with Mr. Button’s retirement, Endeavor is pleased to announce Brenda R. Schroer, a senior global financial executive with over 20 years of energy experience, will assume the role as Endeavor’s new Chief Financial Officer effective today. Mrs. Schroer’s broad experience includes multi-billion-dollar acquisitions and divestitures; debt and equity transactions; deep technical knowledge of financial, accounting, and SEC requirements; and oversight experience of ESG reporting, digital transformation, and cybersecurity. At Endeavor, Mrs. Schroer will be responsible for Finance, Accounting, and Information Technology.

“We are thankful for Mr. Button and his commitment to this company. He has been a huge part of Endeavor’s success over the years and has shown unwavering support for Autry C. Stephens and his vision. As we celebrate his retirement, I welcome and congratulate Mrs. Schroer on her new role as CFO,” said Mr. Robertson. “I am confident her experience, leadership ability, and contributions will yield great results for our company and world-class team.”

Mrs. Schroer recently concluded her role as Chief Financial Officer of Aris Water Solutions (and its predecessor Solaris Midstream Holdings) after leading the company through a sustainability-linked bond process and IPO in 2021 and supporting the company’s transition to a public company in 2022. Mrs. Schroer previously served on the Board of Directors of Solaris from July 2019 through February 2021 overseeing Concho Resources Inc.’s equity investment. Prior to her CFO role at Aris and Solaris, Mrs. Schroer served as Chief Financial Officer and Treasurer of Concho Resources Inc., a publicly traded Fortune 500 Company, until it was acquired by ConocoPhillips in January 2021. Mrs. Schroer began her career at Ernst & Young (EY) and spent over a decade working in the audit practice in the firm’s Dallas, London, and New York offices including its National Office focusing on oil and gas consultations and publications. Mrs. Schroer currently serves as a Director for Antero Resources Corporation. Mrs. Schroer is a Certified Public Accountant. She earned her Master’s degree in Accounting from Texas A&M University in 1999 and received a Bachelor of Business degree in Accounting (BBA) from West Texas A&M University in 1998.

“Endeavor has rapidly grown into one of the largest private oil and gas operators in the United States and has an incredible asset position left to develop,” said Brenda Schroer. “I am honored and excited to join the Endeavor team and contribute to its continued success as a sustainable, top-tier horizontal drilling operator.”

This communication may include forward-looking statements within the meaning of federal securities laws. These forward-looking statements represent Endeavor’s expectations or beliefs concerning future events, and it is possible that the results described in this communication will not be achieved. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of Endeavor’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Endeavor does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results, or other forward-looking information expressed in this communication, including risks and uncertainties regarding future results, capital expenditures, liquidity, and financial market conditions, sufficiency of cash from operations, adverse market conditions, governmental regulations, the future actions of foreign oil producers such as Saudi Arabia and Russia and the effects of such actions on the supply of oil, economic and competitive conditions, including those resulting from the current conflict between Russia and Ukraine and elevated inflation levels resulting from global supply and demand imbalances, and the impact of world health events such as the COVID-19 pandemic.