"After more than 15 great years with the Offspring I've decided to devote all my energies on a new project called Steady Ground," Welty said in a statement. "I wish Dexter, Noodles, and Greg the best of luck moving forward and it's time for me to focus on my own thing."

"After being together so long it will be weird doing stuff without Ron," adds frontman Brian "Dexter" Holland, "but we are really looking forward to putting this new record out. We wish him the best."