Market Overview

Cox Oil Offshore Hires High Ranking Energy Official

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Cox
Oil Offshore, L.L.C. (Cox)
a privately owned, independent oil and
gas company, today announced the appointment of Vincent DeVito, former
U.S. Department of Interior senior executive, to serve as Executive Vice
President and General Counsel, effective September 4, 2018.

Mr. DeVito is a corporate and regulatory attorney and brings extensive
experience representing public and private energy corporations. At the
U.S. Department of Interior, Mr. DeVito was Energy Counselor to the
Secretary of the Interior, Ryan Zinke.

In 2017, when announcing the President's appointment of Mr. DeVito,
Secretary Zinke identified Mr. DeVito as "the best of the best in the
private sector." Recently, Mr. Zinke added, "Vincent was one of my
principle advisers for many Interior energy issues and he helped set the
course for energy dominance in the first term of this administration."

Mr. DeVito has also held several senior leadership roles at the U.S.
Department of Energy and within state energy offices. Before joining the
Interior, Mr. DeVito was a Capital Partner with an international law
practice.

"As we continue to expand our market position within the Gulf of Mexico,
it is imperative that Cox Oil have strong legal counsel with a
comprehensive knowledge of public policy and experience working with
global private and publicly-held companies. Mr. DeVito will help guide
us through this next phase of growth," said Brad E. Cox Chairman of Cox
Oil. "We are pleased to welcome Vincent to our team and I am confident
his counsel will be an invaluable contribution to our leadership team."

DeVito is a licensed member of the District of Columbia, Massachusetts,
New York, and U.S. Supreme Court Bars.

About Cox Oil Offshore

Cox is a privately-held entity that owns and operates assets in the Gulf
of Mexico and was founded by fourth generation oilman, Brad E. Cox. Cox
has grown through enhanced development of production and reserves in
existing assets along with strategic acquisitions. Cox's assets are
located in both the OCS and the shallow waters off the coast of
Louisiana. They currently operate more than 200 producing wells over 25
fields. Cox is based in Dallas, Texas with operation staff in New
Orleans, Louisiana. To learn more, visit Cox's website at coxoperating.com.

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