Former Chesapeake Energy Senior Executive Vice President Chris Doyle was named this week the new President and CEO at Denver-based Civitas Resources.
He joins Civitas after serving as President and CEO of Primexx Energy Partners and leading a comprehensive transformation of the privately held Delaware Basin company. From 2016 to 2020, Mr. Doyle served as President and CEO of Olympus Energy, a privately held energy company with upstream and midstream assets in the Appalachian Basin.
Doyle spent nearly 3 years with Chesapeake Energy in Oklahoma City where he was the Executive Vice President of Operations. In that capacity, he was responsible for Chesapeake’s operations in the Powder River Basin, Utica, Devonian and Marcellus assets.
He was also responsible for Chesapeake’s Marketing Organization and Technical Services groups.
“I have admired Civitas’ rapid emergence as a leader in the E&P space as it focused on strengthening alignment with shareholders, generating significant free cash, and leading responsible energy development in Colorado as the state’s first carbon neutral energy producer,” said Doyle in assuming his new job this week.
“I am particularly excited to join the Company at this stage of its evolution and growth trajectory, and I look forward to working closely with the entire Civitas team and all of our stakeholders to create lasting value.”
Civitas initiated a national search for its next CEO in February of this year. The search committee, comprised of members of its Board of Directors and advised by an executive search firm, sought to identify a new CEO who would further the company’s core principles of executing on its prudent reinvestment strategy, returning meaningful cash to shareholders while maintaining a peer-leading balance sheet, realizing value creation via consolidation, and exhibiting continued ESG leadership.
Following an extensive process, the Board unanimously agreed that Doyle was the right leader to help Civitas meet its significant potential.
Civitas Resources, Inc. is Colorado’s first carbon neutral oil & gas producer and is focused on developing and producing crude oil, natural gas and natural gas liquids in Colorado’s Denver-Julesburg Basin.