Davis Petroleum Welcomes New President and CEO

Davis Petroleum's Board of Directors has appointed Michael S. Reddin as its new President and CEO.

Mr. Reddin, 49, is a 27-year veteran of the US oil and gas industry. Most recently, he led the evaluation and execution of strategic alternatives as President and CEO of Kerogen Resources, Inc. Before that, he served as Vice President of Gulf of Mexico Production and Developments for BP, and held various technical and leadership roles with Vastar Resources and ARCO. He received his BS Degree in Mechanical Engineering from Texas A&M University.

Mr. Jim Montague, Davis Petroleum's Chairman, commented, "Mike's proven leadership and broad experience will greatly expand the strength and depth of the Davis team. We are very pleased to have Mike onboard."

Mr. Reddin added, "I am delighted to have the opportunity to join Davis Petroleum, a company with over 60 years of history in the US oil and gas business. I am excited about the opportunities and mindful of the challenges ahead of us, and I look forward to working with the Davis team to maximize value for the shareholders and employees."