Midstates Petroleum Co. Inc. (NYSE: MPO) says that John A. Crum will step down from his positions as president, CEO, and chairman of the board of directors in order to allow the company to pursue new leadership and strategic direction. His resignation will be effective March 31. Pending the identification and appointment of a new CEO, Dr. Peter J. Hill will serve as interim president and CEO.
Dr. Hill has served as a member of the company’s board of directors since April 2013. He has also served as the non-executive chairman of Triangle Petroleum Corp., an independent oil and natural gas company concentrated in the Bakken, since February 2013, and as a director of Triangle since December 2009.
Midstates Petroleum’s operations are currently focused on oil fields in the Mississippian Lime trend in northwestern Oklahoma, in the Anadarko Basin in Texas and Oklahoma, and in the Upper Gulf Coast Tertiary trend in central Louisiana.