Peter J. “Jeff” Bennett has served as a director of our general partner’s board of directors since August 2019 and as Chairman of the Board since December 2021. He is President, U.S. Onshore Resources and Carbon Management, Commercial Development, at Occidental. Since June 2023, Mr. Bennett has served as the Chairman of the Board of Directors of Net Power, Inc., an NYSE listed company focused on renewable energy.
Under his leadership, Permian Resources has become the recognized leader in well productivity and capital efficiency in the Permian Basin, one of the leading oil-and-gas basins in the world. Mr. Bennett has more than 28 years of industry experience with a strong record of accomplishment in technology, operations and financial leadership. Most recently, he was President and General Manager–Permian Resources New Mexico unit, where he led the business to achieve play-leading performance. Previously, he was Chief Transformation Officer, responsible for aligning technical initiatives, organization and business processes. As Vice President–Portfolio and Optimization, he pioneered advancements in portfolio and development planning, as well as innovative logistical and operational solutions. As Operations Manager–Permian Enhanced Oil Recovery business unit, he oversaw significant improvements in production, operability and cost. Mr. Bennett also served as Vice President–Supply Chain, Western Hemisphere, where his responsibilities included global procurement. He joined Occidental in 2004. Mr. Bennett has also held a variety of strategy, operations, supply chain and finance roles with SAIC, Hess and Texaco.
Mr. Bennett holds a Bachelor of Business Administration in Accounting from Louisiana State University and a Master of Business Administration from Pepperdine University in California. In addition, he is a Certified Public Accountant (inactive).