Leading Calgary Energy Investment Banking Managing Directors Join Tudor, Pickering, Holt & Co.

CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - May 10, 2016) - Tudor, Pickering, Holt & Co. (TPH & Co.) announced today that Richard Matthews and Derek Wheatley have been named Co-Heads of Canada for Tudor, Pickering, Holt & Co. Securities - Canada. Matthews, formerly with FirstEnergy Capital Corp., and Wheatley, formerly with Scotiabank, join TPH & Co. Canada Chair, Hilary Foulkes, in driving the firm's Canadian efforts.

"We are excited to continue to grow our Canadian presence, and are fortunate to have Richard and Derek leading this initiative," said Maynard Holt, Co-President, TPH & Co. "Their approach reflects our ongoing commitment to helping clients and winning business, and we are pleased with how quickly they have already integrated with our existing team. The growing Calgary team has already begun to drive a great amount of excitement throughout TPH & Co. about the Canadian market."

Matthews, who will serve as a Managing Director and Co-Head of Canada, was previously a Managing Director and Head of Canadian Acquisitions & Divestitures at FirstEnergy Capital Corp. in Calgary. Prior to that, he served with Scotia Waterous and its predecessor, Waterous & Co., in Calgary and Houston, as well as with Rider Resources and Crestar Energy, both in Calgary. He holds a BSc with Honors in Geological Sciences from the University of Manitoba and an MBA from the University of Calgary.

Wheatley will also serve as a Managing Director and Co-Head of Canada. A Chartered Financial Analyst, Wheatley has both institutional sales and corporate finance experience. He was previously a Managing Director of Institutional Equities at Scotiabank, and prior to that served as a Corporate Finance Director at Scotia Waterous. Wheatley began his career as a Corporate Finance Analyst at predecessor firm Waterous & Co. and holds a BComm in Finance from the University of Calgary where he graduated as the Gold Medalist.

TPH & Co. intends to establish a full service investment bank in Canada, providing integrated views of North American and global energy to clients. The Calgary-based team will cater to companies in the upstream, infrastructure and oilfield services sectors, as well as coordinate with TPH & Co.'s Equity Research team to establish coverage and provide investment recommendations to institutional investor clients.

TPH & Co. has more than 50 investment bankers focused in upstream, midstream, oilfield services, power and other energy infrastructure market segments. In total, the firm has more than 170 employees with headquarters in Houston and offices in Calgary, Denver, London and New York.

For more information on TPH & Co., please visit: http://www.TPHco.com/.

About Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co., LLC (TPH & Co.) is an integrated energy investment and merchant bank, providing high quality advice and services to institutional and corporate clients. The company's broker-dealers offer securities and investment banking services to the energy community and provide research coverage on more than 160 issuers worldwide. The firm's asset management complex includes TPH Partners, which makes private investments in the energy space, and TPH Asset Management which delivers a suite of investment strategies to its investors.