– USA, TX – Keane Group, Inc. (NYSE: FRAC) today announced that it has appointed Mel G. Riggs to serve as an independent member of the Board of Directors effective October 11, 2019.
Mr. Christian A. Garcia voluntarily resigned as director on the Board on October 9, 2019, effective as of October 11, 2019. Upon consummation of the pending merger with C&J Energy Services, Inc., Mr. Riggs will replace Mr. Garcia as one of the designees of Keane to the board of the combined company. Mr. Garcia informed the Board in a letter that he has accepted a new job with a company that will be a competitor of the combined company following the merger.
“We are extremely excited to have Mel join the Board,” said James C. Stewart, Executive Chairman of Keane. “Mel is a seasoned energy and finance executive, bringing more than three decades of industry experience to our company. We look forward to gaining invaluable insight and believe Mel’s deep set of customer relationships, career-long experience in the Midland, Texas region of the Permian Basin, and extensive public company knowledge can serve beneficial to our ongoing success.”
About Mel Riggs
Mr. Riggs has served in senior-level positions of Clayton Williams and its related companies for 28 years, including his current position as Vice President and Director since May 2017. Clayton Williams Companies is a group of privately held companies involved in oil and natural gas activities, real estate, and agricultural operations. From March 2015 to April 2017, Mr. Riggs served as President of Clayton Williams Energy, Inc., a public exploration and production company that develops and produces oil and natural gas. From December 2010 until Mach 2015, Mr. Riggs served as Executive Vice President and Chief Operating Officer of CWEI. From 1991 to December 2010, Mr. Riggs served as Senior Vice President—Finance, Secretary, Treasurer, and Chief Financial Officer of CWEI. Mr. Riggs currently serves as a Director at TransAtlantic Petroleum Ltd. (NYSE: TAT) since July 2009 and as a Director and the Chairman of the Board of Royale Energy, Inc. (OTC: ROYL) since July 2018. He previously served as a Director of CWEI from May 1994 until April 2017. Mr. Riggs is a Certified Public Accountant and received a BBA degree in Accounting from Texas Tech University.
About Keane Group, Inc.
Headquartered in Houston, Texas, Keane is one of the largest pure-play providers of integrated well completion services in the U.S., with a focus on complex, technically demanding completion solutions. Keane’s primary service offerings include horizontal and vertical fracturing, wireline perforation and logging, engineered solutions and cementing, as well as other value-added service offerings.
For more information: https://keanegrp.com
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