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Board of Directors

Thomas R. Bates Jr.

Thomas R. Bates, Jr. has 40 years of operational experience in the oil and gas industry, having held executive leadership positions at several major energy companies. He previously served as Group President at Baker Hughes, Chief Executive Officer at Weatherford-Enterra, and President of the Anadrill division of Schlumberger. A current director of TETRA Technologies, Mr. Bates also has served as Chairman of the Board of Hercules Offshore, Inc. in addition to serving on several other public company energy-related boards. He also was Managing Director and then Senior Advisor at Lime Rock Partners, an energy-focused private equity investment firm. Mr. Bates has a doctorate in mechanical engineering from the University of Michigan. He is currently an Adjunct Professor and co-chair of the advisory board for the Energy MBA Program at the Neeley School of Business at Texas Christian University in Fort Worth. Mr. Bates serves as Chairman of the Board and serves on the Board’s Audit Committee

Nils E. Larsen

Nils E. Larsen is a Senior Operating Adviser working with The Carlyle Group’s U.S. Equity Opportunities Fund. Prior to partnering with The Carlyle Group, Mr. Larsen served in a variety of senior executive positions with Tribune Company, including the President and Chief Executive Officer of Tribune Broadcasting and as Co-President of Tribune Company. Before joining Tribune Company, Mr. Larsen served as a Managing Director of Equity Group Investments, LLC focusing on investments in the media, transportation, energy, retail grocery and member loyalty and rewards sectors. Mr. Larsen started his career at CS First Boston where he focused on the capital requirements and derivative products needs of U.S. financial institutions and non-U.S. based entities. Mr. Larsen has significant governance experience in post-bankrupt entities. Mr. Larsen received his A.B. summa cum laude from Bowdoin College. Mr. Larsen serves as chairman of the Board’s Audit Committee and serves on the Board’s Compensation Committee.

L. Spencer Wells

L. Spencer Wells is a Founder and Partner of Drivetrain Advisors, a provider of fiduciary services to members of the alternative investment community, with a particular expertise in restructuring and turnarounds. Previously, he served as a senior advisor and partner with TPG Special Situations Partner where he helped manage a $2.5B portfolio of liquid and illiquid distressed credit investments employing a “distressed for control” investment strategy. Mr. Wells previously served as a Partner for Silverpoint Capital where he managed a $1.3B investment portfolio consisting primarily of stressed and distressed bank loans and bonds focusing on the Oil and Gas Exploration and Production, Oilfield Services, Power Generation, Financial Institutions and Chemicals industries, among others. He previously served as an Analyst on the Distressed Debt Desks at Union Bank of Switzerland, Deutsche Bank and Bankers Trust. Mr. Wells has served on numerous public and private company boards including Advanced Emissions Solutions, Inc., Syncora Guarantee, Ltd., and Affinion Group, Inc., among others. Mr. Wells received his Bachelor of Arts degree from Wesleyan University and his MBA from the Columbia Business School. Mr. Wells serves as chairman of the Board’s Compensation Committee and serves on the Board’s Audit Committee.

Paul A. Gordon

Mr. Gordon is currently a Managing Director of Anchorage Capital Group, L.L.C. and has been with the firm since 2011. Mr. Gordon is the head of the firm’s U.S. Portfolio Group, which is responsible for driving operational, financial and strategy improvement in companies where Anchorage has a significant ownership stake. In addition, he is a member of the firm’s CLO Investment Committee. Prior to joining Anchorage, Mr. Gordon was a Managing Director and Portfolio Manager at S.A.C. Capital Advisors and began his investing career at Cerberus Capital Management. Mr. Gordon spent the first part of his professional career in investment banking and leveraged finance. Mr. Gordon received an M.B.A. from the Wharton School of the University of Pennsylvania and a B.A. from Cornell University where he graduated magna cum laude.

Richard B. Aubrey III

Richard B. Aubrey III is currently a Managing Director at Anchorage Capital, which he joined in September 2014. At Anchorage, Mr. Aubrey is responsible for leading the research process across the energy space, including upstream, midstream and offshore drilling. Prior to joining Anchorage, Mr. Aubrey worked at First Reserve Corporation from 2010-2012 as a private equity associate. Mr. Aubrey started his career in Houston with UBS Investment Bank in the Global Energy Group. Mr. Aubrey received a Bachelor of Science in Economics and a Masters of Business Administration with Honors from The Wharton School. Mr. Aubrey serves on the Board’s Compensation Committee.