Cline becomes sole owner of Foresight Reserves; Jones leaves FELP board

E. Bartow Jones, a member of the Foresight Energy LP’s (NYSE: FELP) board of directors of its general partner, stepped down from the board on Feb. 2. Jones, a partner at Riverstone Holdings LLC, has served on the board since FELP’s IPO in June 2014.

Jones' resignation from the board follows the sale by Riverstone and its affiliates of all their ownership interest in Foresight Reserves LP (FRLP), FELP’s parent, to the remaining partners of FRLP, which are all Chris Cline-controlled companies and trusts for the benefit of Cline family members. Following Jones’ departure, the board of directors will have six members.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...