This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Matthew Grubb Appointed President And CEO Of EXCO/HGI GP, LLC

EXCO/HGI GP, LLC (“EXCO/HGI” or the “Joint Venture”), a private oil and gas joint venture owned by Harbinger Group Inc. (NYSE:HRG) (“HGI”) and EXCO Resources, Inc. (NYSE:XCO) (“EXCO”), today announced that Mr. Matthew Grubb has been named Chief Executive Officer and President.

Mr. Grubb will be responsible for providing operational leadership to the Joint Venture and guiding its growth through continued efficient production and development of its existing assets. Mr. Grubb will also be working with HGI and EXCO in executing opportunistic, cash-flow accretive acquisitions. Mr. Grubb most recently served as President and Chief Operating Officer for SandRidge Energy, Inc.

Carl Giesler, Jr., Managing Director of Investments at HGI, said, “We’re very excited to have a seasoned energy executive with Matt’s reputation and proven operational excellence leading our already strong team. Along with our partners at EXCO, we are focused on growing the Joint Venture’s production, cash flow and value both organically and by opportunistic acquisitions.”

Harold Hickey, President and Chief Operating Officer of EXCO, added, “Following the closing of EXCO/HGI in February 2013, and having worked with HGI in the Joint Venture for a year, we determined it was the right time to provide the Joint Venture with its own Chief Executive Officer and President to best manage and oversee its conventional oil and gas business. We are very pleased that Matt has agreed to join us, and look forward to working closely with him.”

Commenting on his appointment, Mr. Grubb said, “I am thrilled to be joining the Joint Venture, which has created a strong platform to implement a growth strategy and create value. I look forward to working closely with the rest of the HGI and EXCO team to build upon the Joint Venture’s success by managing our base business, identifying further drilling locations to maximize production, and executing future acquisitions and initiatives to grow our asset base.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs