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LRR Energy, L.P. Announces Director Resignation and Appointment of New Director

LRR Energy, L.P. (NYSE: LRE) announced today that Milton Carroll will resign from the board of directors of its general partner effective January 31, 2014. LRR Energy also announced that Jonathan Carroll, no relation, was appointed to the board of directors of its general partner effective January 31, 2014.

Jonathan Carroll has been the President and majority owner of Lazarus Energy Holdings, LLC, which focuses investments on energy companies and energy related assets, since 2006. In addition, since February 2012, he has served as President and Chief Executive Officer of Blue Dolphin Energy Company, a publicly traded, independent oil and gas company controlled by Lazarus Energy Holdings that is engaged in downstream and midstream operations.

Eric Mullins, Chairman and Co-Chief Executive Officer, commented, “We appreciate Milton's service to LRR Energy since our initial public offering. We understand that his numerous other commitments have made it increasingly difficult for him to continue to serve on our board, and we wish him continued success in his future endeavors.” Additionally, Mr. Mullins also stated, “We are pleased to welcome Jonathan to the LRR Energy board of directors. His extensive experience in the energy industry will benefit LRR Energy and complement our board of directors.”

About LRR Energy, L.P.

LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas.

Posted-In: News Management

 

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