Team

Frederick W. Fesenmyer – Chairman

Fred currently serves as the Chairman of Minard Run Oil Company after having served in various capacities as the Company’s President, CEO, and COO for over 40 years. The fourth-generation President helped to lead Minard Run through a turbulent time in the late 1980s with falling commodity prices and rising production costs.

With Minard Run holding hundreds of acres of valuable forestland, he orchestrated a profitable timber sale to bridge the revenue gap in the 1990s until newly formed joint ventures could sustain the organization. Fred worked to solidify his management team with talented individuals that assisted in problem-solving and strategic planning.

In the early 1980s under Fred’s guidance, Minard Run successfully defended a landmark lawsuit which continues to define the rights and responsibilities of mineral owners on National Forest lands. Fred and his counsel directed this defense with skill and determination, recognizing that a loss would undermine the ability of operators to extract minerals from millions of acres of forest lands.

Fred’s participation with industry and community Boards over the years displays the value that he places on these organizations. He has served as the Vice President and Director of the Independent Petroleum Association of America (IPAA) and has attended their annual meetings for thirty years. Fred was the Chairman of the Pennsylvania Oil and Gas Association for more than twenty years. He also sits on the Board of American Refining Group. Civically, Fred is or has been involved with the Bradford Airport

Authority, Bradford Alliance, Bradford Public Library, the University of Pittsburgh at Bradford, the Bradford Children’s Home, and the National Stripper Well Consortium among countless other non-profit organizations.

Meredith M. Fesenmyer – President

In January 2017, Meredith became the fifth generation to lead Minard Run Oil Company having taken the reins from her father, Frederick W. Fesenmyer, when he assumed the role of Chairman of the Board of Directors. Although the Company has always been a fixture in her life, it wasn’t until 2007 that she became actively involved as the Safety Manager. It was in this role that Meredith gained a full understanding of the field operations and acted as a liaison between the office personnel and field. She was quickly promoted to Vice President and Chief Administrative Officer where she began to hone her office management skills, her knowledge of information technology, and broaden her experience with human resource management.

Meredith has completed or participated in various courses and seminars, most notably from the University of Notre Dame’s Mendoza College of Business. These courses have aided in her development as a C-Level manager and have provided the framework in which she leads the organization. She takes great pride in the oil and gas industry and the community at-large. Meredith is a board member for the PennBrad Oil Museum and is a member of IOGANY and PIPP. Locally, she supports the Bradford Hospital Foundation and the University of Pittsburgh at Bradford, as well as many other civic organizations.

James J. Macfarlane, CPG – Vice President, Operations & Business Development

With over thirty years of oil and gas experience, Jim brings a wide array of experience to the Team at Minard Run. He began his career with Otis Eastern as a project manager where he learned first-hand how to manage oil and gas well drilling and completion projects. Jim has extensive knowledge relating to environmental permitting and compliance, midstream pipeline

design, along with drilling and completions. As President of Mactech Mineral Management, Jim performed consulting services including economic analysis, project management and environmental permitting for companies such as EOG Resources, Cabot Oil & Gas, and Atlas Energy.

At Minard Run, he oversees the operations of each operating district and maintains fluid communication with each District’s Supervisor. He also serves a valuable role in assessing potential acquisitions with the use of software programs ARIES Petroleum Economics and GeoGraphix.

Jim obtained degrees in Petroleum Technology (A.S.) and Petroleum Geology (B.S.) from the University of Pittsburgh and is a Certified Professional Geologist in the Commonwealth of Pennsylvania. He has been a career-long member of AAPG (American Association of Petroleum Geologists) and the Society of Petroleum Engineers. He sits on the Board for IOGANY (Independent Oil and Gas Association of New York) and NYSOPA (New York State Oil Producers). Additionally, Jim is an environmental and legislative committee member of the Pennsylvania Grade Crude Oil Coalition (PGCC).

Marcia Stewart, RPL – Vice President, Land

Marcia brings to the Minard Run Team her extensive knowledge of the fundamental aspects of all land work as it relates to the oil and gas industry. Her success within land management stems from her sound understanding of contracts and real property law, an understanding that is bolstered by her continuing education.

Marcia’s areas of focus include determining mineral ownership, acquiring leases, clearing title and preparing the land for drilling. She also negotiates and prepares various types of contracts and maintains those contracts by administering compliance while working closely with oil and gas lessors, land companies and governmental agencies. Marcia supports the Minard Run Team in negotiating acquisitions or divestitures of mineral rights as well as negotiating business agreements that provide for the exploration or the development of minerals.

Marcia is an active member of the Independent Oil & Gas Association of New York (IOGANY), Northern Appalachian Landman’s Association (NALA), Pennsylvania Independent Petroleum Producers (PIPP) and Pennsylvania Association of Notaries (PAN). She holds a bachelor’s degree from Mercyhurst University and is certified as a Registered Professional Landman through the American Association of Professional Landmen (AAPL). As an active member of the AAPL, Marcia is committed to following the organization’s mission which is to promote the highest standards of performance and to encourage sound and ethical stewardship of energy and mineral resources.

Stephen A Troisi, CPA – Chief Financial Officer/Corporate Treasurer

Steve provides extensive oil and gas accounting experience to the Team at Minard Run. As a CPA, he also possesses knowledge in the areas of financial reporting and income tax planning. He has been instrumental in Minard Run’s acquisition strategy and plays a vital Team role in analyzing opportunities that fit with the Company’s vision. With Minard Run acting as a full-service operator, Steve ensures timely and accurate revenue distributions and joint interest billings. His areas of focus include risk management, insurance, treasury management, and communicating to all stakeholders of the Company.

Steve received his Bachelor of Science in Business Administration from Bucknell University, his Master of Business Administration from Walden University, and is a Certified Public Accountant in the Commonwealth of Pennsylvania. Steve is a member of the American Institute of CPAs (AICPA), the Pennsylvania Institute of CPAs (PICPA), IOGANY (Independent Oil & Gas Association of New York), and COPAS of Appalachia (Council of Petroleum Accountants Societies).

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