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NEWS BULLETIN

October 10, 2011 --- Vol. 17, No. 85October 2011

Hilcorp names Barnes to head Alaska operations

Hilcorp Energy Co. said today that John Barnes has joined the company as senior vice president, exploration and production, for its subsidiary, Hilcorp Alaska LLC.

Hilcorp said Barnes will be based in Anchorage and will oversee Alaska operations for Hilcorp.

Houston-based Hilcorp, a privately held independent oil and gas exploration and production company, is expanding its operations into Alaska with the purchase of Chevronís Union Oil Co. interests in Cook Inlet.

The companies said when the acquisition was announced in July that it is expected to close by the end of the year subject to necessary regulatory approvals.

Barnes has worked Alaska assets both as a producer and as a contractor. He was Alaska production operations manager for Marathon Oil Co. in Cook Inlet until 2007 and, most recently, senior vice president of operations and maintenance services for CH2MHill, responsible for global operations including Alaska North Slope, Kenai and Russia.

Barnes graduated from the Colorado School of Mines with a petroleum engineering degree in 1980 and jointed Marathon, working in reservoir engineering, production operations and management in Alaska, West Texas, the North Sea and Houston. He joined CH2MHill in 2008.

Hilcorp, founded in 1989, has 700 employees and nine operating areas including the Gulf Coast region, the Gulf of Mexico and the Rockies.

See story in Oct. 16 issue of Petroleum News, available to subscribers online at 11 a.m., Friday, Oct. 14 at www.PetroleumNews.com

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