Warren Resources Inc. (NASDAQ:WRES) has appointed James A. Watt as president and CEO. The company expects that Watt will be named to the board of directors at its next meeting. Lance Peterson, who has served as interim CEO since Dec. 4, 2014, has stepped down from this role and will continue as a director.
Watt joins Warren Resources from Dune Energy Inc., where he served as president, CEO, and director. Prior to joining Dune in 2007, Watt also served as CEO of Remington Oil and Gas Corp. since February 1998 and as chairman of Remington since May 2003, until Helix Energy Solutions Group Inc. acquired Remington in July 2006.
From 1993 through 1997, Watt served as vice president of exploration of Seagull E&P Inc., and from 1991–1993, he served as vice president of exploration and exploitation of Nerco Oil and Gas. From August 2006 through March 2007, he also served as chairman and CEO of Maverick Oil & Gas Inc. Watt currently serves on the board of directors of Bonanza Creek Energy Inc., where he is chairman of the board, and of Helix. Watt received a Bachelor of Science degree in physics from Rensselaer Polytechnic Institute.
Warren Resources is an independent energy company engaged in the acquisition, exploration, development, and production of domestic oil and natural gas reserves. Warren’s activities are primarily focused on oil in the Wilmington field in the Los Angeles Basin in California, natural gas in the Marcellus shale play in Pennsylvania, and an undeveloped acreage position in the Washakie Basin of Wyoming.