Former Shell Oil Exec Joins Matador Resources’ Board of Directors

Susan M. Ward is a former 12-year senior executive of Shell Oil Co. with more than 20 years of service before her at retirement in 2019. As CFO of Shell Midstream Partners, she helped take that company public in 2014.

Former Shell Oil Co. executive Susan M. Ward has been appointed to the board of directors of Dallas-based Matador Resources Co.

Ward is a former 12-year senior executive of Shell Oil Co. with more than 20 years of service before her retirement in 2019.

Matador said that Ward’s senior roles at Shell included head of M&A and commercial finance for all of Shell’s businesses in the Americas; vice president, CFO, and board member of Shell Midstream Partners, which she helped take public for Shell in 2014; and vice president of Upstream Commercial Finance, Shell International Exploration & Production B.V. while based in The Hague for Royal Dutch Shell.

Ward was also a board member of Shell’s deepwater drillship joint venture with Noble Corp.

She has been an independent, non-executive board member of Crescent Midstream since July. Crescent is an independent energy company providing offshore and onshore crude oil services in the Gulf of Mexico and Louisiana.

Before joining Shell in 1998, Ward was an investment banker in the energy sector for 11 years, including as a managing director in the Natural Resources and Energy investment banking group of UBS Securities.

Began her career working for Exxon

She began her career working for Exxon as a refining process engineer and subsequently worked in Mobil’s Finance organization at its New York City headquarters.

Matador Resources is an independent energy company engaged in the exploration, development, production, and acquisition of oil and natural gas resources in the U.S., with an emphasis on oil and natural gas shale and other unconventional plays.

Currently, its operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. It also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana.

Matador conducts midstream operations in support of its exploration, development, and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services, and produced water disposal services to third parties.

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