Robert K. Reeves, a Class II director, is an executive officer of one of our customers.
Robert K. Reeves, age 55, has been a member of the Board since October 2007.
He is Senior Vice President, General Counsel and Chief Administrative Officer of Anadarko Petroleum Corporation, an independent oil and gas exploration and production company.
From 2004 to February 2007, Mr. Reeves served as Senior Vice President, Corporate Affairs & Law and Chief Governance Officer of Anadarko.
Prior to joining Anadarko, he served as Executive Vice President, Administration and General Counsel of North Sea New Ventures from 2003 to 2004, and as Executive Vice President, General Counsel and Secretary of Ocean Energy, Inc. and its predecessor companies from 1997 to 2003, both energy exploration and production companies.
Since 2008, Mr. Reeves has served as a director of Western Gas Holdings, LLC, a subsidiary of Anadarko and general partner of Western Gas Partners, LP.
Since 2012, Mr. Reeves has also served as a director of Western Gas Equity Holdings, LLC, a subsidiary of Anadarko and general partner of Western Gas Equity Partners, LP.
He holds a BA and JD from Louisiana State University.
We believe Mr. Reeves’ qualifications to serve on our Board include his experience in both legal and business matters as well as his upstream exploration and production experience.
J. Robinson West, age 66, has been a member of the Board since November 2001.
He is the founder and Chairman of PFC Energy, strategic advisers to international oil and gas companies, national oil companies, and petroleum ministries.
Previously, Mr. West served as U.S. Assistant Secretary of the Interior with responsibility for offshore oil leasing policy from 1981 through 1983.
He was Deputy Assistant Secretary of Defense for International Economic Affairs from 1976 through 1977 and a member of the White House Staff from 1974 through 1976.
He is currently a member of the Council on Foreign Relations and the National Petroleum Council, a member of the Secretary of Energy Advisory Board, and serves as Chairman of the Board of the United States Institute of Peace.
Mr. West is also a director of Magellan Petroleum Corporation
and Stewart & Stevenson LLC.
He holds a BA from the University of North Carolina at Chapel Hill and a JD from Temple University Law School.
We believe Mr. West’s qualifications to serve on our Board include his extensive industry knowledge as well as his knowledge of legal matters by virtue of his training as an attorney.
The Board considered Mr. Reeves’ position as an executive officer with one of our customers, Anadarko Petroleum Corporation
, and determined that the relationship between Anadarko and Key
does not affect Mr. Reeves’ independence.
and Michael, see the discussion below under the heading “ Certain Relationships and Related Party Transactions.”
Fertig, Marcum, Reeves
and West, all of whom are independent, non-employee members of the Board.
Mr. Reeves is the chair of the Compensation Committee.
Alario, Fertig, Michael and Reeves and Ms. Yocum serve on the Executive Committee.
Mr. Reeves joined our Board in October 2007 and is currently an executive officer with Anadarko, one of our customers.
During the fiscal year ended December 31, 2012, Anadarko
purchased services from us for approximately $37.0 million, which is less than 1% of Anadarko’s revenue for 2012.
In addition, Mr. Reeves’ son-in-law, West P. Gotcher, who had been an employee of Edge Oilfield Services, LLC, joined the Company as a non-officer employee upon our acquisition of Edge in August 2011.
The Board has determined that our relationships with such related parties do not affect the independence of Mr. Reeves and that Mr. Reeves qualifies as “independent” in accordance with NYSE listing standards.