People: Earthstone Energy Inc (ESTE.K)

ESTE.K on American Stock Exchange

30 Oct 2014
Price Change (% chg)

$0.31 (+1.33%)
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Singleton, Ray 

Brief Biography

Mr. Ray Singleton is Chairman of the Board, President, Chief Executive Officer of Earthstone Energy, Inc. He has been a Director of Earthstone since July 1989 and President and Chief Executive Officer of the Company since March 1993. Mr. Singleton joined Earthstone in June 1988 as Production Manager/Petroleum Engineer. In October 1989, he was elected Vice President. His relationship with the Company began as a consultant, wherein he was retained by Earthstone on various projects from 1981 to 1987. At the time, Mr. Singleton operated his own engineering consulting firm, serving the needs of some 40 oil and gas companies. Mr. Singleton began his career with Amoco Production Company in Texas as a production engineer. He was subsequently employed by the predecessor of Union Pacific Resources as a drilling, completion and production engineer. Mr. Singleton currently serves on the Board of Directors of the Independent Petroleum Association of Mountain States (“IPAMS”) and is a former President of that organization. IPAMS is a thirteen state, regional trade association that represents the interests of independent oil and gas companies in the Rocky Mountain region. Additionally, Mr. Singleton is a member of the Society of Petroleum Engineers.Based on the foregoing, Mr. Singleton director possesses extensive knowledge of Earthstone’s business and has relevant business experience, both of which have proven to be beneficial to the Company. Mr. Singleton received a Bachelor of Science degree in Petroleum Engineering from Texas A&M University in 1973, and received a Masters Degree in Business Administration from Colorado State University’s Executive MBA Program in 1992.

Basic Compensation

Total Annual Compensation, USD Long-Term Incentive Plans, USD All Other, USD Fiscal Year Total, USD
419,923 -- 9,495 429,418

Options Compensation

  Quantity Market Value
Exercisable 90,000 196,650.00
Unexercisable -- --
Exercised 75,000 129,141.00
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