Management Team

Clifton DuBose, Jr.

Chief Executive Officer, Chairman of the Board of Directors

Clifton DuBose, Jr. has successfully acquired, managed, and/or sold thousands of royalty acres and non-operated working interests in the Permian Basin. Since April 2018, Mr. DuBose has served as co-founder and member of Valor Mineral Management LLC (“Valor”). Valor is a mineral and working interest management firm which uses a proprietary software platform it has developed, known as “mineral.tech.” Since August 2016Mr. DuBose has also served as President of Imperial Royalty Management I, LLC, which is the general partner of a company that owns certain mineral interests, and since August 2016 as the managing member of Korban Resources LLC, a company which invests in oil and gas interests. Mr. DuBose is also an attorney, licensed to practice law in the State of Texas. He earned his law degree from Georgetown Law, in Washington D.C.in 2009 and a BS in Agribusiness from Abilene Christian University in 2004.

Joseph DeWoody

President, Director

Joseph DeWoody has served as the founder and partner of several successful minerals-rights companies, including Clear Fork Royalty, since April 2010, and Valor since May 2018. Mr. DeWoody implemented strategic initiatives at Valor, managing 80,000 oil and gas interests in over 2,000,000 gross acres across 32 States, with strong revenue growth since inception developing full P&L, strategy, and business operations. He also developed Valor’s proprietary mineral and working interest management software, known as “mineral.tech.” Mr. DeWoody has also structured and participated in multiple complex transactions in both operated and non-operated assets. He has managed reporting to partners, including quarterly compilations, annual audit, and contractual calculations and payments. Mr. DeWoody was the 2021 D CEO Energy Services and Technology Executive of the Year and is a life member of American Mensa. He received his BBA and MBA from Baylor University, where he played football. He was appointed to the Texas Board of Professional Geoscientists, and he serves as director of the National Association of Royalty Owners—Texas. He was named one of Oil and Gas Investor Magazine’s“ Top 20 Under 40” and was featured in the Dallas Business Journal’s “Who’s Who in Energy.”

Lucas T. Hawkins

Chief Financial Officer

Lucas T. Hawkins is the Co-Founder and has served as Chief Financial Officer of Mammoth Exploration LLC, a private equity backed upstream oil and gas company, since June 2016. Since July 2013, Mr. Hawkins has served as VP—Business Development of Hawkins Exploration, Inc. (“HEI”). HEI is an independently owned oil and gas exploration company focused on the Permian Basin. Mr. Hawkins led, managed and executed numerous acquisitions and subsequent development of oil and gas properties across the Permian Basin. From 2010 to 2011,Mr. Hawkins served as an Associate with The Sterling Group, a middle market private equity group focusing on industrial, manufacturing and distribution businesses. From 2011 to 2013 Mr. Hawkins served as an Associate with Natural Gas Partners, an energy private equity firm. Mr. Hawkins has a background in energy investment banking and private equity and earned his BBA in Finance and Business Honors from the University of Texas at Austin.

Delvina Oelkers

Chief Operating Officer

Delvina Oelkers served as Asset Manager from March 2016 to March 2019 at Eclipse Resources and as Completions Manager from March 2019 to November 2020 at Montage Resources, in each position where she managed engineering teams, achieving cost and efficiency improvements while implementing innovative technology for substantial reserve recovery. She led her operations team through several successful M&A transactions. Ms. Oelkers designed completions for the Eclipse and Montage Resources Super Lateral Program, including the design and execution of the first world-record-setting “Purple Hayes 1H” Well. As an Asset Manager at Eclipse Resources, Ms. Delvina was responsible for leading the multidisciplinary team to prove-up the asset. By utilizing innovative technologies in design, the first exploratory well produced 35% higher than type curve.

Kyle Bradford

Executive Vice President, Drilling & Construction

Kyle Bradford has served as general manager of our subsidiary, Hudspeth Operating LLC, since September2021. Prior to joining the Company, Mr. Bradford in the roles of Director, from February 2019 to November2020 and VP of Drilling and Completions January 2014 to February 2019 for Eclipse Resources and Montage Resources. He led the drilling and operational teams through the development of the super-lateral program highlighted by the drilling and completion of the world record setting “Purple Hayes 1H”. He has a proven track record of implementing technological advancements to reduce costs and increasing operational efficiencies. He previously worked at Chesapeake Energy holding various positions including Senior Operations Engineer Utica Business Unit from April 2012 to January 2014, and Asset Manager of the Appalachian North Business Unit from October 2010 to April 2012. His career started in May 2002 at CNX Gas. He holds a Bachelor of Science in Petroleum Engineering from Marietta College.

Daren Rader

Executive Vice President, Completions & Production

Daren Rader has 16 years of experience across the MidCon and Appalachian Basins as an engineer and operations leader. From March 2016 to November 2020, Mr. Rader served as a Senior Operations Manager for Montage Resources, and from February 2017 to February 2019, served as an Operations Manager for Blue Ridge Mountain Resources. He was instrumental in creating synergy amongst the field teams through multiple mergers and acquisition transactions. Mr. Rader is highly experienced both in prolific unconventional condensate and natural gas production and completion operations. Mr. Rader has a proven track record as a team leader with a focus on optimizing and streamlining field operations to reduce cost and minimize cycle times. Mr. Rader has been with the Company since September 2021.

Board of Directors

Steve Provenzano

Director, Board of Directors

30 Years Experience

Served as Chief Commercial Officer for BP Energy Company and a member of the Executive Leadership Team for BPIntegrated Sales & Trading division. Founded the BP Structured Products team and managed it for 13 years, including registering as the first non-bank Swap Dealer per Dodd-Frank regulations; as well as managed responsibilities for theStructuring and Quantitative Analytics groups. Enabled execution of innovative, cross-commodity and finance-linked transactions in support of customer energy opportunities.
Strategic Advisor to IKAV Energy, Inc. in its acquisition of its San Juan Basin natural gas production assets in 2020.Officer of IKAV Energy and CFO from inception to January 2021.
Previous experience as a Director at Bankers Trust and Deutsche Bank in Energy Commodity Trading and Finance group and Head of Origination at American Electric Power Energy Services.
▪ Energy investor and advisor to various downstream, midstream, and energy technology companies.

Dennis James

Director, Board of Directors

33 Years Experience

Began career in public accounting as a CPA with Peat, Marwick, Mitchell & Co. (now KPMG).
Served as Vice Chairman and COO of LSI Financial Group, Inc., a nationwide consumer lease and loan servicing company which was acquired by GMAC.
Served as North Texas President of Bank OZK from 2005 to 2012.
Director of Mergers & Acquisitions for Bank OZK; completing 8 financial institution acquisitions from 2012 to 2018.
Director of Regulatory and Government Relations for Bank OZK.
Served as Chairman or director on boards of directors of various financial institutions, operating companies, and civic and charitable organizations.

Crystle Stewart

Director, Board of Directors

13 Years Experience

President of the Miss USA Organization, overseeing 51 state and local franchisees; providing a stage where young women can amplify their voice, refine and polish their leadership skills, all while nurturing their internal persona.
Hollywood actress playing a lead role in Tyler Perry’s “Acrimony” movie amongst other starring roles in episodicseries; including Oprah Winfrey Network’s “For Better or Worse”, “Too Close to Home”, and more.
Founder and President of the MISS Academy, a finishing school that provides training in life skills through the fundamentals of pageantry. The MISS Academy was accredited by the Miss Universe Organization in 2020, creating a national and international franchising program partnership.

Robert Lance Cook

Non-Employee Director

Robert Lance Cook spent 36 years at Shell Oil with final positions of Vice President of Wells Technology and Chief Scientist. Mr. Cook has extensive experience in Deepwater, Arctic, and Unconventional Research &Development and Operations. Mr. Cook is the founder and CEO of Enventure Global Technology, a joint venture between Shell and Halliburton. Mr. Cook has served as the COO of Sirius Well Manufacturing, a joint venture between Shell and CNPC and is a technologist with an extensive patent portfolio. Since retiring from Shell in2016, Mr. Cook has served as Vice President of Production Operations for WellsX Inc. from 2017 to 2020 and in2020, he founded and continues to serves as president and chief technology officer of Sage Geosystems Inc.

Mia Pitts

Non-Employee Director

Mia Pitts is currently serving as Senior Counsel at Marsh McLennan Companies (February 2018-current) and previously was a litigator and regulatory compliance lawyer at Freshfields Bruckhaus Deringer (March 2010-March 2016), one of the world’s largest and oldest law firms. Ms. Pitts has represented corporate and individual clients in internal, regulatory, civil, and criminal investigations before the U.S. Security and Exchange Commission, Department of Justice, and state attorney generals as well as in shareholder securities litigation, class action litigations, and other private civil allegations and suits. She has also represented independent corporate oversight authorities appointed by the federal government, including the DOJ-appointed monitor of a global financial institution and the federal court-appointed receiver of a multi-national firm in an SEC securities fraud matter. Ms. Pitts graduated from Georgetown University Law Center and Barnard College of Columbia University.

Kristin Whitley, CPA

Non-Employee Director

Kristin Whitley, CPA, began her career in June 2006 as a public accounting with Whitley Penn where she worked for 10 years. While at Whitley Penn she served a variety of clients within the energy and mining industries. In August 2016, Mrs. Whitley joined Vista Minerals, a leading in-basin regional provider of sand to industrial, oil and gas companies, in the role of Chief Accounting Officer and less than a year later was named Chief Financial Officer. While at Vista Minerals, Mrs. Whitley has managed the finance and accounting, human resources, and information technology functions, participating in numerous capital raises, strategic initiatives, contract negotiations, and risk management exercises. Mrs. Whitley is a Certified Public Accountant in the State of Texas. She graduated from The University of Texas at Austin with her BBA and from Texas Christian University’s Neeley School of Business with her MBA. In 2019, Mrs. Whitley was named one of Oil and Gas Investor’s Forty Under 40 in Energy.