How Jr. was paid
$4.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Thomas L. Carter, Jr.President, Chairman and Chief Executive Officer | $485,034 | — | $3,767,249 | $517,895 | $17,500 | $4,787,678 |
| H. Taylor DeWalchSenior Vice President and Chief Financial Officer | $319,300 | — | $1,561,386 | $284,110 | $15,965 | $2,180,761 |
| L. Steve PutmanSenior Vice President, General Counsel, and Secretary | $335,806 | — | $1,902,870 | $298,797 | $16,790 | $2,554,263 |
| Fowler T. CarterSenior Vice President, Corporate Development | $275,000 | — | $639,999 | $244,693 | $13,750 | $1,173,442 |
| Chris R. BonnerVice President, Chief Accounting Officer | $250,000 | $30,000 | $124,974 | $111,224 | $12,500 | $528,698 |
| Carrie P. ClarkFormer Senior Vice President and Chief Commercial Officer | $167,903 | — | $1,902,870 | — | $934,350 | $3,005,123 |
What changed and why
- $4.8MCEO total compensation increased slightly to $4,787,678 for 2025 based on performance outcomes.
- 97%Limited partners overwhelmingly approved the 2025 executive compensation program with over 97% support.
- The Compensation Committee made no material changes to executive compensation programs during 2025.
- Performance metrics for equity incentives included per unit production levels and reserve amounts over the period.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.