Vine Energy, Inc. - About Vine

Vine Energy was established in 2021 following the combination of privately held predecessor companies Vine Oil & Gas, Brix Oil & Gas Holdings and Harvest Royalties, creating the leading, pure-play Haynesville natural gas company. The company completed an initial public offering in March 2021 and is listed on the New York Stock Exchange under the symbol “VEI”.

We hold an average operated working interest of 83% in 227,000 net effective acres in the core of the Haynesville Basin and produce approximately 1 Bcf per day mainly across Sabine, DeSoto and Red River parishes in North Louisiana. Approximately 84% of our surface acreage is prospective for dual zone development from the Haynesville and Mid-Bossier shales, two of the most prolific natural gas resources plays in North America, and these overpressured reservoirs deliver industry leading margins and unparalleled, exceptional productivity.

Vine is an ESG leader which produces 100% natural gas because we believe profoundly in the role it will play in meeting the rapid growth in global demand for cleaner, sustainable, reliable and affordable energy, attributes that will enhance quality of life and reshape the world’s delicate ecosystems.

The company is led by our Chairman and CEO, Eric Marsh. Alongside him is the best technical team in the industry, a group of veteran oil & gas executives with a long track record of best-in-class operations and years of Haynesville experience stemming back to the earliest wells drilled in the basin.

Our management team has extensive experience operating in U.S. conventional and shale resource plays and have collectively managed the drilling and completion of over 1,000 horizontal onshore oil & gas wells while continually implementing new drilling, completion and production technologies.

Our strategy to return value to shareholders hinges upon these fundamental principles:

Optimize capital efficiency
Generate leveraged free cash flow
Protect the balance sheet
Return capital to shareholders
Position ourselves as basin champion
Focus on a clean energy footprint

Key Leadership

Eric Marsh , President & Chief Executive Officer

Eric D. Marsh became our President and Chief Executive Officer in May 2014. Previously, Mr. Marsh served as Senior Vice President of Encana’s USA Division after being promoted to that position in 2011. From November 2009 to October 2013, Mr. Marsh also served as an Executive Vice President at Encana. Prior to 2009, Mr. Marsh led various business units including Encana’s Bighorn Business Unit, Encana’s South Rockies Business Unit and Mid-Continent Business Unit. Mr. Marsh currently serves as a director of Olympus Energy LLC. Mr. Marsh served on the Governor’s Task Force for the State of Wyoming Engineering Development and has served on both the University of Wyoming Foundation and the University of Wyoming Engineering Accreditation Board.

David Elkin , Executive Vice President & Chief Operating Officer

David M. Elkin became our Executive Vice President and Chief Operating Officer of Vine in January 2019. Mr. Elkin joined EQT Production Company in 2009 as Vice President, Engineering. He went on to serve as Senior Vice President, Drilling & Completions from 2014 to 2017 and Senior Vice President, Asset Optimization from 2017 to 2018. Prior to his time with EQT, Mr. Elkin spent six years with EnerVest Operating, LLC as Vice President Engineering & Drilling, and the previous 15 years in various engineering and leadership capacities with Energy Corporation of America, Inc. Mr. Elkin holds a B.S., Petroleum and Natural Gas Engineering degree from The Pennsylvania State University.

Wayne Stoltenberg , Executive Vice President & Chief Financial Officer

Wayne B. Stoltenberg became our Executive Vice President and Chief Financial Officer in September 2018. From 2008 to 2018, Mr. Stoltenberg served as Senior Vice President, Chief Financial Officer and Corporate Secretary at Cinco Oil and Gas, LLC and Cinco Resources, Inc. Prior to his time at Cinco, Mr. Stoltenberg spent over 10 years with the Natural Resources Investment Banking Group of Bear, Sterns & Co. Inc., most recently as Senior Managing Director with a primary focus on the E&P sector. He began his career at Credit Suisse. He holds an MBA from the University of Texas at Austin and a B.A. from Columbia University.

Jonathan Curth , Executive Vice President, General Counsel & Corporate Secretary

Jonathan C. Curth became our Executive Vice President, General Counsel and Corporate Secretary in November 2020. Prior to joining Vine, Mr. Curth was Senior Counsel at the international law firm of Willkie Farr & Gallagher LLP from May to November 2020 after having served as Interim President and CEO, and as an executive consultant to the board of directors, for a private exploration and production company. From December 2017 to December 2019, Mr. Curth served as General Counsel, Chief Compliance Officer, Corporate Secretary and Vice President of Land of Vanguard Natural Resources, Inc. (now Grizzly Energy, LLC). From August 2013 through December 2017, Mr. Curth served as the Assistant General Counsel at Newfield Exploration Company (now Ovintiv Inc.). Mr. Curth concentrated on domestic and international oil and gas transactions and operational matters at Baker & McKenzie LLP from 2011 through 2013 and at Brown & Fortunato, P.C. from August 2007 through January 2011. Mr. Curth is Board Certified in Oil, Gas and Mineral Law by the Texas Board of Legal Specialization. Mr. Curth received his B.A. from Baylor University and his J.D. from The University of Texas School of Law at Austin.

Randy Blurton , Executive Vice President, Commercial / M&A

Randy Blurton serves as our Executive Vice President of Commercial and M&A after joining Vine in 2015. He leads our efforts in acquisitions, land, business development and a variety of other commercial matters. Randy has over 17 years of experience in the oil and gas industry and prior to joining Vine, he worked for Laredo Petroleum and ConocoPhillips in various land and business development focused roles. Mr. Blurton holds a Bachelor of Science degree in Business Administration and Management from Oklahoma State University and a J.D. from the University of Oklahoma. He is a member of the State Bar of Texas.

Brian Dutton , Vice President, Chief Accounting Officer

Brian D. Dutton became our Chief Accounting Officer in February 2015. Mr. Dutton is a Certified Public Accountant with more than 22 years of combined public accounting and financial reporting experience. He had previously been the Vice President of Finance and Accounting of Silver Creek Oil & Gas from July 2012 through January 2015. Mr. Dutton was also employed by Quicksilver Resources where he held various positions in accounting and finance from 2008 to July 2012. He began his finance career with PricewaterhouseCoopers in 1998.

David Erdman , Director, Investor Relations

David Erdman leads Vine’s Investor Relations function since December 2016. Mr. Erdman has 24 years of energy finance experience, having previously managed Investor Relations, Financial Planning and Analysis and Treasury for Quicksilver Resources, and prior to that, he held various financial management roles at Dominion Exploration and Production, Pioneer Natural Resources, Entergy Wholesale Operations and Entergy Corporation. He began his career in the commercial lending arm of a mid-size financial institution, with a focus on energy credit. Mr. Erdman holds a dual bachelor’s degree in Accounting and Finance from Loyola University and an MBA from the University of Houston.

Phuong Le , Executive Vice President, Reserves & Reservoir Engineering

Phuong Le is EVP Reserves and Reservoir Engineering and has been with Vine since inception in May 2014. She has over 20 years of experience in North American onshore oil and gas reservoir engineering. Prior to joining Vine, Ms. Le led Encana’s Haynesville Reservoir Characterization Group and reserves evaluation for the Mid-Continent business unit since September 2008. Prior to this, Ms. Le served in various reservoir engineering and commercial/planning roles with BP and Hunt Petroleum. Ms. Le holds a BS in Chemical Engineering from the University of Tulsa.

Jeff Smith , Health, Safety & Environmental Manager

Jeff Smith joined the Vine team in 2020 as the Health Safety & Environmental Manager and has 28 years of upstream EH&S experience. Mr. Smith began his career in 1993 with Phillips Petroleum in Houston, TX, before being transferred to Bartlesville, OK. In 2000, Mr. Smith was Senior Environmental Coordinator with ConocoPhillips on the Alaska North Slope and also worked in Alaska for Chevron as a HES Team Leader. He moved back to Texas in 2012 and worked as an Environmental Manager for Pioneer Natural Resources supporting drilling and completion activities in the Permian Basin. Mr. Smith has a MS degree from Stephen F Austin State University and is a Registered Environmental Manager, Certified Environmental Auditor, Certified Safety and Health Specialist, and a Certified Professional Geologist.

Beth Truelove , Executive Vice President, Reservoir Development & Strategy

Beth Truelove joined Vine in May of 2014 and was promoted to EVP, Reservoir Development & Strategy in January of 2019. She has 24 years of experience in oil and gas development and strategy. Prior to joining Vine, Ms. Truelove led strategic planning and development initiatives at Encana since June 2008 and previously at Hunt Oil Company since February 2000. Ms. Truelove holds a Bachelor of Science degree in Geology and Earth Sciences from the University of Texas at Austin and an MBA from Southern Methodist University.

Rachel Zavala , Senior Vice President, Human Resources & Administration

Rachel Zavala is Senior Vice President Human Resources & Administration and has been with Vine since inception in 2014. She brings to Vine over 20 years of Administration and Human Resource experience. In this role she leads a team dedicated to reinforcing a strong culture by developing and implementing total rewards and talent management strategies that support Vine’s business objectives. Previously, Ms. Zavala served at Encana Corporation in Corporate Administration from 2011 - 2014. During the four years prior, she served as Corporate Board Secretary at U.S. AgBank/AgVantis. In this capacity, she assisted the Board in carrying out the corporate strategy while ensuring legal compliance alongside the Executive team. In the years leading up to AgVantis, she served in office management capacities overseeing all aspect of HR, bookkeeping, and other administrative functions while at imageQUEST and Burlington Installation Corporation. Ms. Zavala is a Society for Human Resource Management Senior Certified Professional (SHRM-SCP) and holds a Bachelor of Science in Business Administration from Friends University and a Master of Science in Human Resource Development from Villanova University .

Eric Marsh , Chairman and Chief Executive Officer

Term: 3^rd Class 2024
Environmental, Safety and Governance Committee

Angelo Acconcia , Director

Term: 3^rd Class 2024
Nominating and Corporate Governance Committee chair
Compensation Committee
Environmental, Safety and Governance Committee

Angelo G. Acconcia has served on our board since May 2014. Mr. Acconcia is a Senior Managing Director in the Private Equity Group at Blackstone. Mr. Acconcia is responsible for overseeing Blackstone’s private equity investment activities in the oil & gas sector. Since joining Blackstone in August 2004, Mr. Acconcia has been involved in the execution of numerous Blackstone investments, including Graham Packaging, Ondeo Nalco, TRW Automotive and Texas Genco. Mr. Acconcia has either led or played a critical role in every one of Blackstone’s North American oil and gas investments, including Alta Energy, Beacon Offshore Energy, GeoSouthern Energy, Guidon Energy, Olympus, Kosmos Energy, LLOG Bluewater, OSUM, PGE, Primexx, Rockridge Royalties, Royal Resources, Swallowtail Royalties, Gavilan and Vine Energy, among others. From August 2002 until August 2004, Mr. Acconcia worked at Morgan Stanley & Company’s Investment Banking Division in the Global Energy and Mergers and Acquisitions departments in both the United States and Canada. Because of his broad knowledge of the industry and oil and gas investments, we believe Mr. Acconcia is well qualified to serve on our board of directors.

H Paulett Eberhart , Director

Term: 2^nd Class 2023
Audit Committee
Environmental, Safety and Governance Committee chair

H. Paulett Eberhart, is Chairman and Chief Executive Officer of HMS Ventures, a privately-held business involved with technology services and the acquisition and management of real estate, since 2014. Previously, she was President and Chief Executive Officer of CDI Corp., a provider of engineering and information technology outsourcing and professional staffing services, from 2011 through 2014; Chairman and Chief Executive Officers of HMS Ventures from 2009 to 2011; and President and Chief Executive Officer from Invensys Process Systems, Inc., a process automation company, from 2007 to 2009. Ms. Eberhart is also a director of LPL Financial Holdings Inc., Valero Energy Corporation and Fluor Corporation. She is a former director of Anadarko Petroleum Corporation, serving as head director, and Cameron International Corporation. Because of her many years of service as a Chief Executive Officer at both private and public companies, in addition to her many years of service as an executive at technology services corporations, we believe Ms. Eberhart is well qualified to serve on our board of directors and will bring valuable operational, financial and accounting expertise to the Board.

David Foley , Director

Term: 3^rd Class 2024
Compensation Committee chair

David I. Foley is a Senior Managing Director in the Private Equity Group at Blackstone and Global Head of Blackstone Energy Partners. Mr. Foley is based in New York and is responsible for overseeing Blackstone’s private equity investment activities in the energy and natural resource sector on a global basis. Since joining Blackstone in 1995, Mr. Foley has been responsible for building the Blackstone energy & natural resources practice and has played an integral role in every energy-sector private equity deal that the firm has made. Mr. Foley actively leads Blackstone’s investment activities in the midstream sector and provides guidance and support to the other Blackstone Energy Partners senior investment professionals, who each have primary responsibility for specific sectors. Before joining Blackstone, Mr. Foley worked with AEA Investors, and prior to that he worked as a management consultant for Monitor Company. Mr. Foley serves as a Director of several energy companies and joint ventures, including: Beacon Offshore Energy, EagleClaw Midstream, ET Rover, Grand Prix Pipeline LLC, Permian Highway Pipeline LLC and Siccar Point Energy Limited. Mr. Foley also previously served as a Director of Kosmos Energy Ltd., Falcon Minerals Corp and Cheniere Energy, Inc. Because of his broad knowledge of the energy industry and many years of experience investing in the sector, we believe Mr. Foley is well qualified to serve on our board of directors.

John H Lee , Director

Term: 2^nd Class 2023
Audit Committee
Nominating and Corporate Governance Committee

John Lee is a Managing Director in the Private Equity group where he is focused on Blackstone’s private equity investment activities in the energy sector. Since joining Blackstone in 2014, Mr. Lee has been involved with Blackstone’s investments in Beacon Oil & Gas, Olympus Energy, Custom Truck One Source, and PBF Energy. Before joining Blackstone, Mr. Lee was an Associate at TPG Capital. Prior to that, he worked as an Analyst at Merrill Lynch. Mr. Lee received a BS in Mathematical & Computational Science and a BA in Economics from Stanford University, and an MBA from Harvard Business School. Mr. Lee is currently a director of Olympus Energy.

Charles M. Sledge , Director

Term: 1^st Class 2022
Audit Committee chair
Compensation Committee
Nominating and Corporate Governance Committee

Charles M. Sledge has served as a member of our board of directors since July 1, 2017. Mr. Sledge previously served as Senior Vice President and Chief Financial Officer of Cameron International Corporation, an oilfield services company, from November 2008 until its acquisition by Schlumberger in April 2016 after previously having been its Vice President and Corporate Controller. Mr. Sledge also served as Senior Vice President of Finance and Treasurer of Stage Stores, Inc. from 1999 to 2001 after having served as its Vice President, Controller from 1996 to 1999. Mr. Sledge serves on the board of directors of Talos Energy Inc., Expro International, Weatherford International and Noble Corporation. Additionally, Mr. Sledge serves on the audit committee and nominating committee of Talos Energy Inc. and the audit committee and health, safety and environment committee of Weatherford International. Because of his broad financial knowledge as well as knowledge of the industry and oil and gas investments, we believe Mr. Sledge is well qualified to serve on our board of directors.

Compliance Contact Information

Vine Energy is committed to operating its business in compliance with all laws, rules and regulations. To confidentially report an incident, suspected violations or unethical conduct, contact (844) 796-1284 or visit here to submit an online report.

The Ethics and Compliance Hotline is available 24 hours a day, 7 days per week to confidentially report potential code violations, ask an ethics-related question, get guidance on our ethics policy and follow-up on a reported matter.

Corporate Governance

Vine is committed to the highest standards of conduct, risk management and governance. The resources below provide further information on Vine's corporate governance policies and procedures.

Download Description

Audit Committee Charter

Compensation Committee Charter

Corporate Code of Business Conduct and Ethics

Corporate Governance Guidelines

ESG Committee Charter

Financial Code of Ethics

Insider Trading of Securities Policy

Nominating and Corporate Governance Committee Charter

Related Party Transaction Policy

Short Swing Trading and Reporting Policy


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