Oklahoma City’s SandRidge Energy has chosen a new President and Chief Executive Officer.
Paul D. McKinney was named the new leader on Monday by the company’s Board of Directors. He succeeds SandRidge’s President and CEO William M. Griffin who will continue to serve on the SandRidge Board.
“On behalf of the board, we are excited to have Paul join the team,” said Mr. Griffin. “After an extensive search, we are confident we have found a candidate with the leadership skill and experience necessary to maximize value for our shareholders.”
Griffin took over as President and CEO in February of 2018 after the board fired James Bennett as CEO without cause, a move that resulted in Bennett being awarded nearly $27 million from the company.
Mr. McKinney has thirty-five years of industry experience, most recently having served as President and Chief Operating Officer of Yuma Energy, Inc. Prior to joining Yuma in 2014, he held a variety of leadership positions with Apache Corporation over a six year period, including Vice President of their Gulf Coast Onshore Region.
Additionally, he was employed by Tristone Capital in 2007 as Vice President and Director of Acquisitions and Divestitures. Mr. McKinney commenced his career in 1983 with Anadarko Petroleum Corporation, advancing through a variety of engineering and operations positions, ending his time there as Vice-President of Reservoir Engineering for Anadarko Canada Corporation. Mr. McKinney has a Bachelor of Science degree in Petroleum Engineering and is published as a co-author with the Society of Petroleum Engineers and privately on subjects focused on advanced reservoir engineering methods.
“I am very excited to be joining SandRidge and honored to work with the SandRidge team as we develop our plans for the future,” Mr. McKinney commented. “The Company’s asset base and existing investment opportunities are impressive and have set SandRidge up for organic growth. I look forward to developing these exciting assets as well as pursuing the many opportunities that exist in the market today.”