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API Mourns Passing of Former Magnolia Oil & Gas Corporation Chairman & CEO

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WASHINGTON, September 23, 2022 — American Petroleum Institute (API) President and CEO Mike Sommers today released the following statement on the passing of Stephen Chazen, former chairman, president and CEO of Magnolia Oil & Gas Corporation:

“We are greatly saddened to learn of the passing of former Magnolia Oil and Gas Corp. Chairman and former Occidental Petroleum Chairman Steve Chazen, and extend our deepest condolences to his family. The recipient of API’s Gold Medal for Distinguished Achievement in 2016, Steve was a champion of American energy and a true problem solver who had a profound and enduring impact on our industry. The industry is in his debt for his decades of contributions and we will carry on his strong pursuit of American energy leadership.”

Chazen served as chairman of API’s Board of Directors from 2014 to 2015 and was awarded API’s Gold Medal for Distinguished Achievement in 2016.

API represents all segments of America’s natural gas and oil industry, which supports more than ten million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.


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