Fredrick Barrett
About Fredrick Barrett
Fredrick Barrett (age 64) is an independent Class I director of Tamboran Resources Corporation (TBN), serving on the board since December 2023 after joining Tamboran Resources Limited (TR Ltd.) in September 2014. He has 35+ years in oil and gas, with prior leadership at Bill Barrett Corporation, and holds a B.S. in Geology (Ft. Lewis College), M.S. in Geology (Kansas State University), and is a graduate of Harvard Business School’s Advanced Management Program . The Board has affirmatively determined Barrett is independent under NYSE standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bill Barrett Corporation (NYSE: BBG) | Co‑Founder; President & COO | 2002–2006 | Led operations and growth |
| Bill Barrett Corporation (NYSE: BBG) | CEO & Chairman | 2006–2013 | Public company leadership, strategy, governance |
| Barrett Resources Corp. (NYSE: BRR) | Senior Exploration Geologist; Lead Geologist (Rockies) | 1989–2001; 1989–1996 | Exploration leadership in Rocky Mountain Region |
| Terred Oil Company | Co‑Founder & Partner | 1987–1989 | Geological services for Rocky Mountain region |
| Barrett Resources; Barrett Energy; Aeon Energy | Project/Wellsite Geologist | 1981–1986; periodic roles | Technical execution (various assignments) |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Asian American Gas Energy Holdings (AAG) | Independent Non‑Executive Director | 2015–2018 | Chairman of New Business Committee (2016–2018) |
| Santos Ltd (ASX: STO) | Unconventional Advisory Panel Member | 2014–2015 | Advisory function; no current advisory role |
Board Governance
- Committees (FY2025): Chair, Nominations & Governance; Member, Audit & Risk Management .
- FY2025 committee meetings: Audit & Risk (4), Nominations & Governance (4), Compensation (5), Sustainability (2) .
- Attendance: Every director attended ≥75% of Board and relevant committee meetings in FY2025; independent directors hold regular executive sessions without management .
- Independence: Barrett is independent per NYSE listing standards .
- FY2024 committee history: Chair, Nominations & Governance; Member, Audit & Risk Management; Member, Sustainability .
Fixed Compensation
| Metric | FY2024 | FY2025 |
|---|---|---|
| Annual retainer (cash earned) | $104,532 | $77,667 |
| Committee membership fees (schedule) | Nominations & Governance: $8,187; Audit & Risk: $8,187; ESG: $8,187; Chair premiums: $16,375 (pre‑IPO schedule) | Annual Directors Fee: $71,723; Committee membership: $8,150; Chair premiums: $16,301; Chairman: $143,445 (post‑IPO schedule) |
| Total director compensation (annual) | $104,532 | $129,750 (cash + equity) |
Notes:
- Post‑IPO, directors may elect compensation in cash and/or RSUs/Restricted Stock under the 2024 Equity Incentive Plan (50/50 or 100% equity alternatives) .
Performance Compensation
| Component | FY2024 | FY2025 |
|---|---|---|
| Equity awards value (grant‑date fair value) | Not disclosed for directors (pre‑IPO cash program) | $52,083 (RSUs) |
| Director equity election policy | N/A | Option to receive 50% cash/50% RSUs or 100% RSUs/RS; aligns pay with shareholder outcomes |
| Performance metrics tied to director equity | Not applicable | No director‑specific performance metrics disclosed; RSU awards are service‑based under the Plan |
Other Directorships & Interlocks
| Company | Type | Role | Status |
|---|---|---|---|
| Bill Barrett Corporation (NYSE: BBG) | Public | CEO & Chairman; President & COO | Past |
| Asian American Gas Energy Holdings | Private | Independent NED | Past |
| Santos Ltd (ASX: STO) | Public | Unconventional Advisory Panel | Past |
- No current related‑party transactions disclosed for Barrett; Board confirms independence and applies a Related Person Transaction Policy overseen by the Audit & Risk Management Committee .
Expertise & Qualifications
- Technical: Geology (BS, MS), upstream exploration & production, Rockies geoscience; senior operational leadership in E&P .
- Governance: Former public company CEO/Chairman; current Chair of Nominations & Governance at TBN .
- Education: B.S. Geology (Ft. Lewis College); M.S. Geology (Kansas State University); Harvard Business School Advanced Management Program .
Equity Ownership
| Item | Detail |
|---|---|
| Total beneficial ownership | 48,860 shares; <1% of outstanding |
| Breakdown | 22,489 shares direct; 22,705 shares jointly with spouse; 3,666 options exercisable within 60 days of Sep 24, 2025 |
| RSUs unvested (as of Jun 30, 2025) | 7,507 units |
| Options outstanding (as of Jun 30, 2025) | 3,667 CDIs/options (corporate reorg to CDIs noted) |
| Hedging/Pledging policy | Company prohibits hedging and pledging by directors/officers; pre‑clearance required |
Insider Trades (Form 4)
| Filing Date | Transaction Date | Type | Shares/Units | Price | Post‑Txn Ownership | Source |
|---|---|---|---|---|---|---|
| 2025‑07‑23 | 2025‑07‑22 | A (Award) | 8,456 | $17.74 | 29,996 | https://www.sec.gov/Archives/edgar/data/1997652/000095017025098060/0000950170-25-098060-index.htm |
| 2025‑05‑20 | 2025‑05‑16 | A (Award) | 5,002 | $0.00 | 21,540 | https://www.sec.gov/Archives/edgar/data/1997652/000095017025075533/0000950170-25-075533-index.htm |
| 2025‑02‑03 | 2025‑01‑31 | A (Award) | 2,505 | $0.00 | 16,538 | https://www.sec.gov/Archives/edgar/data/1997652/000095017025012572/0000950170-25-012572-index.htm |
Alignment signals:
- Regular equity awards increase ownership; no sales reported during the period reviewed [Insider Trades skill output above].
Governance Assessment
-
Strengths:
- Independent director; Chair of Nominations & Governance; active on Audit & Risk—positions central to board effectiveness and oversight .
- Consistent attendance (≥75%) and participation across key committees; Board conducts independent executive sessions .
- Pay mix includes equity elections under the 2024 Plan, aligning incentives with shareholder outcomes; 2025 mix ~60% cash ($77,667) and ~40% equity ($52,083) .
- Ownership builds via RSUs and options; company policy prohibits hedging/pledging, supporting alignment .
-
Potential Risks / RED FLAGS:
- None disclosed specific to Barrett (no related‑party transactions, gross‑ups, loans, or pledging). Board independence affirmed; related‑party approvals managed by Audit & Risk Management Committee .
- Broader board context includes shareholder nomination rights (Sheffield) and JV relationships, but no direct conflict attributed to Barrett; vigilance on committee independence remains prudent .
-
Implications for investor confidence:
- Barrett’s technical depth and prior public company leadership enhance board competence in E&P execution; his role chairing nominations supports governance quality and board refresh practices .
- Equity participation and policy prohibitions on hedging/pledging bolster alignment; absence of director‑specific performance metrics for equity suggests service‑based vesting typical for non‑employee directors, not pay‑for‑performance per se .