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Endeavor Energy Resources, LP Mourns Passing of Founder Autry C. Stephens

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Endeavor Energy Resources, LP announced the passing of its Founder and Chairman of the Board, Autry C. Stephens, at age 86. Lyndal Stephens Greth, previously Vice Chairman, will assume the role of Chairman of Endeavor's Board of Managers. Autry was remembered as a Top Hand, Wildcatter, and Oil and Gas Hall of Famer, known for his humility, courage, determination, and resiliency.

Lance Robertson, Endeavor's President and CEO, expressed deep sadness and praised Autry's vision and discipline as driving forces behind Endeavor's uniqueness. Autry was described as embodying the wildcat mentality associated with the Permian Basin, leaving a legacy that will continue to shape the company, community, and oil and gas industry.

Endeavor Energy Resources, LP ha annunciato la scomparsa del suo Fondatore e Presidente del Consiglio, Autry C. Stephens, all'età di 86 anni. Lyndal Stephens Greth, già Vice Presidente, assumerà il ruolo di Presidente del Consiglio di Amministrazione di Endeavor. Autry è stato ricordato come un Top Hand, Wildcatter, e membro della Hall of Fame del settore Oil and Gas, noto per la sua umiltà, coraggio, determinazione e resilienza.

Lance Robertson, Presidente e CEO di Endeavor, ha espresso profondo rammarico e lodato la visione e la disciplina di Autry come forze trainanti dell'unicità di Endeavor. Autry è stato descritto come l'incarnazione della mentalità wildcat associata al Permian Basin, lasciando un'eredità che continuerà a plasmare l'azienda, la comunità e l'industria petrolifera e del gas.

Endeavor Energy Resources, LP anunció el fallecimiento de su Fundador y Presidente de la Junta, Autry C. Stephens, a la edad de 86 años. Lyndal Stephens Greth, anteriormente Vicepresidenta, asumirá el cargo de Presidenta de la Junta de Directores de Endeavor. Autry fue recordado como un Top Hand, Wildcatter y miembro del Salón de la Fama de Oil and Gas, conocido por su humildad, valentía, determinación y resiliencia.

Lance Robertson, Presidente y CEO de Endeavor, expresó una profunda tristeza y elogió la visión y la disciplina de Autry como fuerzas motrices detrás de la singularidad de Endeavor. Autry fue descrito como la encarnación de la mentalidad wildcat asociada a la Cuenca Pérmica, dejando un legado que continuará dando forma a la empresa, a la comunidad y a la industria del petróleo y gas.

Endeavor Energy Resources, LP는 Autry C. Stephens의 별세를 알렸습니다. 그는 86세였습니다. 이전 부회장인 Lyndal Stephens Greth이 Endeavor 이사회의 의장직을 맡게 됩니다. Autry는 Top Hand, Wildcatter, 그리고 Oil and Gas Hall of Famer로 기억되며, 그의 겸손, 용기, 결단력, 그리고 회복력으로 유명했습니다.

Endeavor의 사장 겸 CEO인 Lance Robertson은 깊은 슬픔을 표하며 Autry의 비전과 규율을 Endeavor의 독특함을 이끄는 원동력으로 찬양했습니다. Autry는 퍼미안 분지와 관련된 wildcat 정신을 구현한 인물로 묘사되며, 회사, 지역 사회 및 석유 및 가스 산업을 계속해서 형성할 유산을 남겼습니다.

Endeavor Energy Resources, LP a annoncé le décès de son Fondateur et Président du Conseil, Autry C. Stephens, à l'âge de 86 ans. Lyndal Stephens Greth, précédente Vice-présidente, assumera le rôle de Présidente du Conseil de Gestion d'Endeavor. Autry a été décrit comme un Top Hand, Wildcatter et membre du Hall of Fame de l'industrie pétrolière et gazière, reconnu pour son humilité, son courage, sa détermination et sa résilience.

Lance Robertson, Président et CEO d'Endeavor, a exprimé une profonde tristesse et a loué la vision et la discipline d'Autry comme forces motrices de l'unicité d'Endeavor. Autry a été décrit comme incarnant la mentalité wildcat associée au bassin permien, laissant un héritage qui continuera de façonner l'entreprise, la communauté et l'industrie pétrolière et gazière.

Endeavor Energy Resources, LP gab den Tod seines Gründers und Vorsitzenden, Autry C. Stephens, im Alter von 86 Jahren bekannt. Lyndal Stephens Greth, zuvor stellvertretende Vorsitzende, wird den Vorsitz des Endeavor Vorstands übernehmen. Autry wurde als Top Hand, Wildcatter und Mitglied der Oil and Gas Hall of Fame in Erinnerung geblieben, bekannt für seine Demut, seinen Mut, seine Entschlossenheit und seine Resilienz.

Lance Robertson, Präsident und CEO von Endeavor, äußerte große Traurigkeit und lobte Autrys Vision und Disziplin als treibende Kräfte hinter der Einzigartigkeit von Endeavor. Autry wurde als Verkörperung der Wildcat-Mentalität beschrieben, die mit dem Permian Basin verbunden ist, und hinterlässt ein Erbe, das weiterhin das Unternehmen, die Gemeinschaft und die Öl- und Gasindustrie prägen wird.

Positive
  • Smooth transition of leadership with Lyndal Stephens Greth assuming the role of Chairman
  • Strong legacy and reputation of the founder in the oil and gas industry
Negative
  • None.

Midland wildcatter and military veteran remembered for his outstanding achievements in oil and gas

MIDLAND, Texas--(BUSINESS WIRE)-- Endeavor Energy Resources, LP (“Endeavor” or the “Company”) today announced the passing of its Founder and Chairman of the Board, Autry C. Stephens, age 86.

Lyndal Stephens Greth, who previously served as Vice Chairman, will assume the role of Chairman of Endeavor’s Board of Managers.

To those closest to Autry, he is remembered as a Top Hand, Wildcatter, Oil and Gas Hall of Famer, and dear friend who will always be known for his humility, courage, determination, and resiliency.

“We are deeply saddened by the passing of our beloved founder, Autry C. Stephens,” said Lance Robertson, Endeavor’s President and CEO. “Over many decades, his vision and discipline inspired so many and were the driving forces behind what makes Endeavor unique. Autry embodied the wildcat mentality of courage, grit, and tenacity associated with the Permian Basin. He leaves a legacy that will continue to shape the future of our company, community, and the oil and gas industry for years to come.”

About Autry C. Stephens

Before venturing west, Autry grew up on a farm in DeLeon, Texas where he learned first-hand the value of hard work growing peanuts and a variety of fruits. He also developed a love of adventure and being outdoors, which sparked an early interest in the petroleum industry.

After graduating with Master and Bachelor of Science degrees in Petroleum Engineering from the University of Texas at Austin, Autry started his career with Humble Oil and Refining Company in 1962. A few months later, he joined the Army Corps of Engineers and served as a Lieutenant and Platoon leader responsible for pipeline fuel installations. Following his military service, Autry rejoined Humble for another five years before leaving the company and moving to Midland, Texas. Autry’s move to Midland would forever change the Permian Basin.

Once in Midland, Autry began working as a reservoir engineer at a local bank. This experience informed Autry’s career trajectory, and in 1979, he stepped out on his own as a sole proprietor. Having the spirit of a true entrepreneur, Autry immediately recognized opportunities, strategically purchasing mineral rights and drilling vertical wells one-by-one. As others fled the market during downturns, Autry bought additional leasehold and consummated several corporate acquisitions, all of which added tremendous value to his portfolio.

Autry’s continued focus on acquisitions led to the purchase and integration of multiple service companies. This vertically integrated business model consistently provided steady access to services and exclusive pricing at lower than market costs for his drilling and production operations.

In 2000, Autry transformed his sole proprietorship into Endeavor and focused primarily on drilling vertical Midland Basin Spraberry Trend wells.

In 2016, Autry brought on additional leadership to execute his vision and drive continued growth of Endeavor. During this time, the company began its transition from a predominately vertical driller to a leading top-tier horizontal operator in the Midland Basin.

Transaction with Diamondback Energy

Endeavor previously announced that it has entered into a definitive merger agreement to merge with Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”). The transaction is expected to close in the third or fourth quarter of 2024, subject to the satisfaction of customary closing conditions, including termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

About Endeavor

Today, with approximately 1,150 valued employees, Endeavor is one of the largest private oil producers in the United States. The Company is uniquely situated holding over 410,000 Net Acres across multiple basins including nearly 339,000 Net Acres in the core of the Midland Basin. Endeavor operates more than 2,250 active vertical wells, has drilled, completed, and put online more than 1,380 horizontal wells, and currently produces more than 420,000 gross operated barrels of oil equivalent per day.

For more information about Endeavor, visit www.endeavorenergylp.com

Media Contact:

Lacy Sperry

Communications Director

Endeavor Energy Resources, LP

432-262-4061, lsperry@eeronline.com

Aaron Palash / Andrew Siegel

Joele Frank, Wilkinson Brimmer Katcher

212-355-4449

Source: Endeavor Energy Resources, LP

FAQ

Who was Autry C. Stephens and what happened to him?

Autry C. Stephens was the Founder and Chairman of the Board of Endeavor Energy Resources, LP. He passed away at the age of 86, as announced by the company.

Who will replace Autry C. Stephens as Chairman of Endeavor Energy Resources?

Lyndal Stephens Greth, who previously served as Vice Chairman, will assume the role of Chairman of Endeavor's Board of Managers.

What was Autry C. Stephens known for in the oil and gas industry?

Autry C. Stephens was known as a Top Hand, Wildcatter, and Oil and Gas Hall of Famer. He was recognized for his humility, courage, determination, and resiliency in the industry.

How did Endeavor Energy Resources' CEO describe Autry C. Stephens' impact on the company?

Lance Robertson, Endeavor's President and CEO, described Autry C. Stephens' vision and discipline as driving forces behind what makes Endeavor unique, embodying the wildcat mentality associated with the Permian Basin.

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