Marathon Oil Corp. (NYSE: MRO) has appointed Lee Tillman as chairman of the U.S. shale producer, the Houston-based company said Jan. 30.
Tillman, president and CEO of Marathon, will succeed Dennis Reilley, effective Feb. 1. The company said in its release that Reilley had elected to retire after nearly six years as chairman and more than 17 years on the Marathon Oil board of directors.
“It’s been a privilege to work with Dennis. He has served our company and our shareholders with distinction, and has been a strong proponent in Marathon Oil’s transformational journey to a differentiated U.S. independent E&P,” Tillman said in a statement.
Tillman will continue to serve as Marathon’s president and CEO, a position he's held since 2013 when he joined the company after working with Exxon Mobil Corp. (NYSE: XOM) for over two decades.
Gregory Boyce, who was named Marathon’s lead independent director on Jan. 30, said in a statement: “Speaking on behalf of the board, we’re confident in Lee’s proven capabilities, leadership and vision for Marathon Oil. We’re pleased to announce him as our new chairman of the board.”
Boyce has been a director of the company since 2008. He will take on his new role on the Marathon Oil board effective Feb. 1.
Marathon’s multi-basin portfolio includes positions in the Bakken, Permian Basin, Stack/Scoop and Eagle Ford.
Recommended Reading
Dispatch from the LNG Front: Development Not ‘Paused’ so much as Slowed
2024-04-04 - Analysts: Low prices may stall upcoming gas gathering projects that are needed for an expected boom.
White House Open to Ending LNG Export Pause in Push for Ukraine Aid, Sources Say
2024-04-02 - Reversing the pause could be tolerable to the White House in order to advance Ukraine aid, in part because the pause has no bearing on near-term LNG exports, the White House sources said.
Midstream Builds in a Bearish Market
2024-03-11 - Midstream companies are sticking to long term plans for an expanded customer base, despite low gas prices, high storage levels and an uncertain political LNG future.
Silver Linings in Biden’s LNG Policy
2024-03-12 - In the near term, the pause on new non-FTA approvals could lift some pressure of an already strained supply chain, lower both equipment and labor expenses and ease some cost inflation.
Exclusive: Chevron Balancing Low Carbon Intensity, Global Oil, Gas Needs
2024-03-28 - Colin Parfitt, president of midstream at Chevron, discusses how the company continues to grow its traditional oil and gas business while focusing on growing its new energies production, in this Hart Energy Exclusive interview.