Falcon Minerals Corp. reported that the company has added two new members to its Board of Directors. Alan J. Hirshberg and Eric Liaw have joined the Falcon Board of Directors, as of April 25, 2019. Hirshberg has worked with Blackstone as a Senior Advisor since January 2019. He joined ConocoPhillips in 2010 as its Senior Vice President, Planning and Strategy, and retired in January 2019 as its Executive Vice President, Production, Drilling and Projects, a position he held since April 2016. In this role, he had responsibility for ConocoPhillips' worldwide operations, as well as supply chain, aviation, marine, major projects and engineering functions. Liaw is a Senior Managing Director in the Private Equity Group at Blackstone. Since joining Blackstone in November 2014, Liaw has been involved with Blackstone's investments in EagleClaw Midstream, Guidon Energy, Huntley & Huntley Energy Exploration, Jetta Energy Permian, Primexx Energy Partners, Rock Ridge Royalty, Royal Resources and Ulterra Drilling Technologies, among others. From August 2008 until August 2014, Liaw was a Principal at TPG Capital, where he evaluated and executed investment opportunities in the energy sector. From July 2004 to July 2006, Liaw was an associate at Bain Capital, where he focused on private equity investments in a range of industries. Hirshberg fills the vacancy created when David Foley resigned from the Board in December 2018, and Liaw will replace Angelo G. Acconcia, who resigned from the Board. Hirshberg has been appointed to the Board's Nominating and Corporate Governance Committee, and Liaw has been appointed as the Chairman of the Board's Compensation Committee.
Sitio Royalties Corp. acquires, owns, and manages mineral and royalty interests across premium basins in the United States. The Company leases its mineral interests to oil and gas exploration and production (E&P) companies. It leases permits E&P companies to explore for and produce oil, natural gas and natural gas liquids from its properties and entitles the Company to receive a percentage of the proceeds from the sales of these commodities. The Companyâs assets are focused primarily on the Permian Basin in West Texas and Southeast New Mexico, with additional assets across areas of the United States, including the Denver-Julesburg (DJ) Basin in Colorado and Wyoming, Eagle Ford in South Texas, Appalachia Basin in Pennsylvania, West Virginia and Ohio, Anadarko Basin in Oklahoma, and Williston Basin in North Dakota. The DJ Basin is located in Northeast Colorado and Southeast Wyoming. The Company owns mineral and royalty interests representing over 252,300 net royalty acres (NRAs).