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Justin Clarke

W. Justin Clarke joined Saddle in September 2017 and serves as Saddle’s Executive Vice President of A&D and General Counsel. Mr. Clarke has over 15 years of experience primarily in the upstream energy sectors. Prior to joining Saddle, Mr. Clarke served as the Vice President and General Counsel for Thompson Petroleum Corporation, a privately owned West Texas oil and natural gas operator. Before joining Thompson Petroleum Corporation, Mr. Clarke served as the Vice President and General Counsel of EXCO Resources, Inc. and was a member of EXCO’s management team since January 2007. Mr. Clarke’s primarily expertise involves structuring and negotiating acquisition, divesture and partnership transactions and associated financing arrangements. Prior to joining EXCO, Mr. Clarke served as a corporate, securities and M&A associate at Haynes and Boone, LLP, in Dallas, Texas. Mr. Clarke received his Doctor of Jurisprudence, cum laude, from Texas Tech University School of Law and his B.B.A., Finance, cum laude, from The University of Texas at Arlington.

Russ Griffin

Russ Griffin is the Chief Operating Officer of Saddle Operating, LLC. Russ has over 34 years of diverse experience in operations, drilling, regulatory compliance and HSSE in the oil and gas industry with an in-depth knowledge of Federal, State and Local compliance requirements with governmental regulations and standards.

Russ began his career in 1984 working for Hunt Oil Company and held multiple positions in operations and field development. In 2005, Russ took the position as Hunt Oil Company’s Senior Regulatory Representative and relocated to Dallas Texas.

Russ left Hunt Oil Company in 2008 and took the position of EHS Operations Manager with EXCO Resources, Inc. In 2009, Russ was promoted to Vice President of EHS as well as Vice President of EHS for TGGT Midstream, an EXCO subsidiary.

Russ Griffin’s memberships and Board positions include: The Society of Petroleum Engineers, The American Society of Safety Engineers, Independent Producers Association of America EHS Steering Committee (IPAA). He earned a B.S. degree in Petroleum Services Technology along with an A.S. degree in Petroleum Safety, both from Nicholls State University.

Doug Ramsey, PH.D.

Doug Ramsey is the President and Chief Financial Officer of Saddle Operating, LLC. In 1992, Doug Ramsey started his career in oil and gas at Coda Energy, Inc., a publicly traded oil and gas production company. He was initially hired as Financial Analyst and Assistant to the President. He was later promoted to Financial Planning Manager. Coda consistently achieved 25-30% average annualized equity returns as the company focused on an acquisition and exploitation strategy. Upwards of 20 successful acquisitions were made with Mobile (the majority), Texaco, Atapco and Sun Oil. In 1995, Coda Energy was taken private and subsequently spun off to Belco Oil and Gas, an NYSE energy company, in November 1997.

In December 1997, Doug teamed up again with Doug Miller to purchase a controlling interest in EXCO Resources, a very small publicly traded oil and gas company. The team embarked on an ambitious acquisition plan over the next 10 years, completing in excess of 160 transactions which ranged in size up to $1.5 billion, with EXCO ultimately owning 15,000 wells which were operated by over 1,400 employees and contractors. Assets grew to $6.0 billion, with total proved reserves of 1.9 Tcf, daily production of 332 Mmcfe/d and a 98% drilling success rate. As CFO and Treasurer of EXCO, Doug had four departments reporting to him: Finance, Accounting, HR and IT.

Doug resigned from EXCO Resources in April 2014 to join Doug Miller at Saddle Operating, LLC. Saddle Operating was formed to acquire producing oil and natural gas assets in the Barnett Shale.

On December 1, 2016, Saddle Operating successfully closed two transactions with EnerVest Operating, LLC totaling $415 million. Saddle continues to aggressively pursue the acquisition of Barnett Shale assets with the goal of consolidating the basin and becoming the lowest cost operator in the area.

Doug has published several articles in the Journal of Applied Corporate Finance including “A Primer on the Economics of Shale Gas Production: Just How Cheap is Shale Gas?” in the Fall 2013 issue, and “The Economics of Wind Energy” in the Spring 2009 issue. Most recently he published “Predicting Corporate Voting Outcomes for Shareholder Sponsored Proposals” in the Journal of Corporate Ownership & Control with Alex Gnutti, Saddle Operating’s VP of Financial Planning & Analysis.

Doug has taught numerous finance classes as an adjunct professor across 17 years in California at Cal Poly Pomona and the University of La Verne, and in Texas at UT-Arlington, UT-Dallas, TCU and SMU in their professional MBA program. He is also a lecturer in Baylor’s Executive MBA program and has guest lectured at UT-Austin and USC. He earned his BS in Finance from Cal Poly Pomona, an MBA from the University of Chicago Booth School of Business, and an MA and Ph.D. in Business and Financial Economics from the Claremont Graduate University.

Doug is a certified flight paramedic. He also competes at the National and International levels in Shotokan karate where he has won U.S. Nationals twice; earned two bronze medals and one silver medal at the Pan American Karate Championships in Winnipeg, Canada, Santiago, Chile and Goiania, Brazil; placed in the top 8 at the 10th World Traditional Karate Championships in Bologna, Italy; placed in the top 5 at the 17th World Traditional Karate Championships in Cairo, Egypt; and earned two bronze medals at the 1st United World Karate Championships in Koper, Slovenia in October 2015.

Doug Miller

Doug Miller is the Chairman and Chief Executive Officer of Saddle Operating, LLC. Doug started his career as an equity trader where he focused on oil and gas stocks. He had the opportunity to work with industry leaders of that time including Tom Brown, John Cox and Boone Pickens, who was CEO of Mesa Petroleum and now leads BP Capital in Dallas.

In the early 1980’s, Doug began advising on restructurings in the oil and gas sector with several companies including Halliburton, Tipperary and Walker Energy. In 1983, he led a group which launched a turnaround of Chapman Energy, a publicly traded oil and gas production company. In 1987, Doug was named CEO and Chapman Energy changed its name to Coda Energy. Coda consistently achieved 25-30% average annualized equity returns as the company focused on an acquisition and exploitation strategy. Upwards of 20 successful acquisitions were made with Mobile (the majority), Texaco, Atapco and Sun Oil. In 1995, Coda Energy was taken private and subsequently spun off to Belco Oil and Gas, an NYSE energy company, in November 1997.

In December 1997, Doug purchased a controlling interest in EXCO Resources, Inc., a very small publicly traded oil and gas production company. He, Doug Ramsey and two other colleagues embarked on an ambitious acquisition plan over the next 10 years, completing in excess of 160 transactions which ranged in size up to $1.5 billion, with EXCO Resources ultimately owning 15,000 wells which were operated by over 1,400 employees and contractors. Assets grew to $6.0 billion, with total proved reserves of 1.9 Tcf, daily production of 332 Mmcfe/d and a 98% drilling success rate.

Doug resigned from EXCO Resources in November 2013 to once again pursue acquisition, drilling and midstream opportunities through his newly formed private company, Saddle Operating, LLC, which he formed in December 2013. Doug formed Saddle Operating to acquire producing oil and natural gas assets in the Barnett Shale.

On December 1, 2016, Saddle Operating successfully closed two transactions with EnerVest Operating, LLC totaling $415 million. Saddle continues to aggressively pursue the acquisition of Barnett Shale assets with the goal of consolidating the basin and becoming the lowest cost operator in the area.

Andy Springer

Andy Springer is the Chief Accounting Officer & VP-Tax of Saddle Operating, LLC where he leads the Company’s accounting and tax team. He began his career in Public Accounting in 1987 at Arthur Andersen LLP and was named Partner in 2001 specializing in Mergers and Acquisitions. Andy joined KPMG as a Partner in 2002. He has held managerial positions at several companies including EXCO Resources, Inc. and Denbury Resources, Inc. He has experience in most industries (manufacturing, transportation, real estate, technology, and retail) but now focuses on the oil and gas industry. Andy is a Texas CPA. Andy has also led classes at the University level, including the University of North Texas, as well as classes and seminars in industry and public accounting. He earned a B.S. and M.S. degree in accounting from the University of North Texas.