Robert J. Anderson
About Robert J. Anderson
Age 63; joined Permian Resources’ Board in November 2023; currently serves on the Environmental, Social and Governance (ESG) Committee (not Chair). Anderson is CEO of PetroPeak Energy, LLC; previously President & CEO of Earthstone Energy (Apr 2020–Nov 2023) and an Earthstone director (Apr 2022–Nov 2023). He holds an MBA from University of Denver and a BS in Petroleum Engineering from University of Wyoming . Board tenure ≈1 year as of the 2025 proxy; Board held 6 meetings in 2024 and each director attended at least 75% of Board/committee meetings; all directors attended the 2024 annual meeting .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Earthstone Energy, Inc. | President & CEO | Apr 2020–Nov 2023 | Led company through to PR acquisition; served as director Apr 2022–Nov 2023 |
| Earthstone Energy, Inc. | President | Apr 2018–Apr 2020 | Corporate leadership |
| Earthstone Energy, Inc. | EVP, Corp Dev & Engineering | Dec 2014–Apr 2018 | A&D, engineering leadership |
| Oak Valley Resources LLC | EVP (corp dev/engineering) | Mar 2013–Dec 2014 | M&A/engineering (merged with Earthstone) |
| Halcón Resources | EVP & COO | Aug 2012–Feb 2013 | Operations leadership |
| GeoResources, Inc. | Director; EVP & COO – Northern Region | Apr 2007–Aug 2012 | Board/operations; company merged with Halcón |
| Southern Bay Energy | VP, Acquisitions | Sep 2004–Apr 2007 | A&D; merged with GeoResources |
| AROC (predecessor to Southern Bay Energy) | VP, A&D | Mar 2004–Aug 2004 | A&D |
| Anadarko; ARCO/Vastar; Hugoton Energy; Hunt Oil; Pacific Enterprises Oil | Technical/supervisory roles | Pre–Mar 2004 | Reservoir/production engineering, project economics |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| PetroPeak Energy, LLC | Chief Executive Officer | Current | Private O&G startup; conventional assets focus |
| Houston Producers Forum | Board Member | Current | Industry association governance |
| Independent Petroleum Association of America (IPAA) | At-Large Director | Current | Industry advocacy and policy |
Board Governance
- Committee assignments: ESG Committee member; ESG Committee composition: Anderson, Frost Cochran, Aron Marquez; Chair: Robert M. Tichio; ESG Committee met 4 times in 2024 .
- Independence: The Board identifies seven independent directors (Baldwin, Cochran, Eves, Gray, Marquez, Tepper, Tichio). Anderson is not listed as independent under NYSE rules .
- Attendance: In 2024 the Board held 6 meetings; each director attended at least 75% of applicable Board and committee meetings .
- Executive sessions: Independent directors met in executive session four times in 2024 (Anderson is not among directors classified as independent) .
Fixed Compensation (Director)
| Component | Program Detail | 2024 Amount for Anderson |
|---|---|---|
| Annual equity award | Standard non-employee director equity grant | Included in total below |
| Retainer (cash or equity) | $87,500; may elect 100% equity in lieu of cash; all directors elected 100% equity for 2024 | Included in total below |
| Chair fees (if applicable) | Audit Chair $22,500; Comp Chair $20,000; NCG Chair $15,000; ESG Chair $15,000 | $0 (not a Chair) |
| Total director compensation (2024) | All stock; no cash fees paid | $287,500 (stock awards) |
- Structure: Non-employee directors may take 100% of compensation in stock; in 2024, all directors did so, signaling alignment. Base elements: $200,000 equity award plus $87,500 retainer; added Chair premia where applicable .
Performance Compensation (Director)
| Performance-Linked Elements | Metrics | Payout Determination |
|---|---|---|
| None disclosed for directors | N/A | Director equity is time-based restricted stock; no performance-conditioned director awards |
Other Directorships & Interlocks
| Company | Status | Role | Notes |
|---|---|---|---|
| Earthstone Energy, Inc. | Public (acquired by PR 11/1/2023) | Director (Apr 2022–Nov 2023) | Former CEO; tenure ended upon PR acquisition |
| Other current U.S. public boards | — | — | None disclosed in PR’s 2025 proxy |
- Related-party/Interlocks: 2024 related-person transaction disclosures enumerate items involving certain significant holders and two directors (Cochran, Marquez) but do not disclose any related-person transactions involving Anderson .
Expertise & Qualifications
- Deep upstream operating and engineering background (reservoir/production engineering, field development) with 30+ years’ experience; executive leadership and M&A/acquisitions expertise .
- The Board skills matrix attributes to Anderson: executive leadership, accounting/financial oversight, business development/M&A, ESG oversight, geology/reservoir engineering, investor relations, strategic planning/risk management .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership | 493,836 Class A shares as of April 2, 2025; includes 17,530 shares subject to continued time-based vesting; ownership <1% of Class A |
| Unvested director equity (12/31/2024) | 17,530 unvested restricted shares; total outstanding stock awards 27,001 |
| Hedging/pledging | Company policy prohibits hedging and pledging of Company securities by directors |
| Ownership guidelines | Non-employee directors must hold Company stock equal to 7x the annual cash retainer; 5-year compliance window; as of 12/31/2024 all officers and non-employee directors were compliant or within the transition period |
Governance Assessment
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Strengths:
- Strong alignment: 100% of Anderson’s 2024 director pay taken in equity; robust 7x retainer stock ownership requirement; anti-hedging and anti-pledging policies reduce misalignment risk .
- Relevant domain expertise across operations, M&A, and ESG oversight; positioned on ESG Committee (non-Chair), which met regularly in 2024 .
- Attendance/engagement: Company reports at least 75% attendance for every director and full Board attendance at the annual meeting .
- No Anderson-specific related-person transactions disclosed for 2024, mitigating conflict-of-interest concerns in the period reviewed .
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Watch items / potential investor considerations:
- Independence: Anderson is not classified as independent under NYSE standards; recent role as CEO and director of Earthstone (acquired by PR in Nov 2023) may be viewed as a proximity-to-management/transaction connection; however, he is not on Audit or Compensation Committees .
- Concentration of industry ties: Current CEO of a private E&P (PetroPeak), operating in overlapping sectors; no related-party transactions disclosed, and the Audit Committee reviews such matters under a formal policy .
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Overall: Anderson brings deep operating and transaction expertise with clear equity alignment. The primary governance caveat is non-independence designation; mitigants include placement on ESG (rather than financial or pay) committees, absence of disclosed related transactions, and restrictive trading/pledging policies .