Rene McKale promoted to Managing Director at Energy Advisors Group

HOUSTON, February 7, 2022: Energy Advisors Group (EAG), a leading energy advisory firm is
pleased to announce the promotion of Rene McKale to Managing Director. Rene McKale
originally joined EAG in June 2021 as a Director in the Houston office.

Mr. McKale is responsible for sourcing and leading the execution of assignments for the firm,
utilizing his extensive investment banking experience and strong petroleum engineering
background. He has more than 20 years of energy industry experience, and more than 15 years
of transaction advisory experience in energy investment banking. His successful transaction
experience includes advising on asset and corporate deals, buyside and sellside, conventional
and unconventional, on-and-offshore, domestically and internationally. He developed extensive
US experience advising on assets onshore in the Eagle Ford, Permian, Mid-Continent, Rockies,
Appalachia, and Alaska as well as offshore GOM, supplemented by a broad international body of
work across Latin America (primarily Argentina, Brazil, and Colombia), West Africa, and SE Asia.

Prior to joining EAG, Mr. McKale was with Scotiabank/Scotia Waterous for over 15 years, and left
the firm as a Director in their energy investment banking team out of Houston, specializing in
upstream and midstream oil and gas M&A&D. While there, he closed 50+ transactions worth
over $40B in aggregate value. Prior to that, Mr. McKale obtained worldwide oil and gas industry
experience in reservoir engineering, most recently working for Dubai Petroleum Company (then
a subsidiary of ConocoPhillips) in the United Arab Emirates. He has also been employed with
petroleum engineering consulting firm Gaffney, Cline & Associates (GCA) in Houston, Texas, and
before that was with a mid-size independent in Calgary, Canada.

“Having worked with Rene at Scotiabank/Scotia-Waterous for more than a decade, I know firsthand
that Rene has the right skills and experience that will be a perfect complement to our growing
energy coverage franchise,” said Adrian Goodisman, Partner at EAG. “Rene’s years of investment
banking experience and technical expertise will be incredibly beneficial as our upstream oil and
gas clients seek advice on how best to optimize their portfolios.”

Mr. McKale holds a degree in Petroleum Engineering from the University of Alberta, Canada, and
he completed studies in Renewable Energy Technologies in 2021. He is a member of the
Association of Professional Engineers and Geoscientists of Alberta (APEGA), and the Society of
Petroleum Engineers (SPE), volunteering for the latter’s Gulf Coast Section Business
Development Study Group.

About Energy Advisors Group
EAG has been a trusted advisor to clients in both the upstream and midstream energy industry
for more than 30 years. The firm assists clients with portfolio rationalization and optimization, and
offers advice on commercial alternatives and transaction strategy. EAG’s proprietary CRM tools
offer extensive market intelligence on past transaction activity, current M&A appetite, and forward
plans. Comprised of engineering, geoscience, finance and marketing professionals, EAG does
the heavy lifting for clients by efficiently organizing data, carrying out in-depth technical analysis,
preparing tailored marketing materials, and leveraging complementary marketing channels to
promote a successful sale process. EAG provides sellside, buyside, prospect marketing, and
select capital markets services. EAG typically closes 30 to 35 deals per year and has successfully
completed over 1,000 transactions since 1989.

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