Nelson succeeds E. Will Gray II, who held the top post since December 2024. Gray will remain with the organization, transitioning to the role of Permian president to bolster the company's operations in the Midland, Texas region.

The leadership shakeup extends to the boardroom and operations desk. Ted Warner, who arrived as chief financial officer in March, expands his portfolio to include the title of president and a seat on the board. Simultaneously, the company tapped Jose Rodriguez as chief operating officer. Rodriguez brings technical expertise to the firm, having previously managed data-center and infrastructure projects at Amazon Web Services, TikTok, and Microsoft.