U.S. shale oil and gas producer Continental Resources said on Tuesday it named operating chief Doug Lawler as its new chief executive officer effective next month.
. He will step into his new role upon the retirement of current CEO William Berry.
"What is great is that the company can grow and create value and energy for the country and world. Our contributing part in that is no longer limited by those shackles," Lawler told Reuters, adding he would remain focused on financial discipline. Lawler ran Chesapeake Energy for eight years, including through a bankruptcy process that it completed in 2021. He whittled away Chesapeake's $13 billion in debt but also bet on shale oil assets just ahead of a price crash. Chesapeake recently put those properties up for sale.
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