Energistics Announces Leadership Transition

HOUSTON, TX--(Marketwire - Nov 7, 2011) - The Energistics Board of Directors announced today that Randy W. Clark, President and CEO, will step down from that position to pursue other opportunities and that Jerry Hubbard, Energistics' Chief Operating Officer, has been appointed the new President and Chief Executive Officer. The transition will be effective on December 1, 2011.

"The Energistics Community has truly benefited from Randy's passion for improving the flow of data and information in the upstream oil and gas industry through the use of technical open data exchange standards," said Cindy Reece, Upstream Technical Computing Manager at ExxonMobil, and Chair of Energistics' Board of Directors. "We very much appreciate Randy's leadership and his contributions to our mission and our capability to move forward in delivering standards with real business value to the industry."

Clark said, "The opportunity to lead an organization of people who are as remarkable as its ambitious mission has been challenging, energizing and enormously rewarding. I'm proud of our accomplishments, which are a tribute to the passion for excellence, collaborative spirit and insistence on results by the Energistics community. Having completed the mission the Board gave me in 2006, the time is right for me to move on to new opportunities as well as new leadership for the organization.

Hubbard brings over 30 years of industry experience to his new position including 10 years in facilitating the development and adoption of industry standards. During his five year tenure with Energistics, serving first as its Executive Vice President, Business Development and then as the Chief Operating Officer, he has nearly doubled the number of corporate memberships, built an active global community of users and participants and streamlined operations.

Reece added, "Jerry's leadership will ensure that we will not lose a step in our momentum towards global adoption of the Energistics technical open data exchange standards portfolio. He brings a wealth of collaboration experience and a deep understanding of the standards development and adoption process that will allow Energistics to achieve our next level of success."

Hubbard said, "My vision for Energistics is to become the acknowledged leader in facilitating technical open data exchange standards for the upstream oil and gas industry. To achieve that vision we must continue to build the inclusive global community of industry leaders, Energistics members and standards users who actively collaborate on the development, promotion and adoption of our standards. I am looking forward to these new challenges and am grateful for the opportunity to lead the Energistics community."

About Energistics

Energistics is a global, not-for-profit consortium uniquely designed to unite upstream oil and natural gas industry professionals in a neutral and collaborative facilitation environment to develop and deploy technical open data exchange standards and to address E&P information challenges. Membership consists of integrated, independent and national oil companies, oilfield service companies, hardware and software vendors, system integrators, regulatory agencies and the global standards user community. For more information visit our website at www.energistics.org.