Lilis Energy Inc. Executive Chairman Ronald D. Ormand has been appointed chief executive officer in addition to chairman of the company. James W. Denny III has been appointed executive vice-president of production and operations.
Ormand joined Lilis’s board in March of 2015 and became executive chairman in 2016.
Prior to joining Lilis, Denny served as vice-president at Siltstone Resources and as executive vice-president of operations and as president of the Appalachian division of Magnum Hunter Resources.
Lilis, based in San Antonio, operates in the Permian’s Delaware basin. Its current total net acreage in the Permian is more than 19,000 acres. For 2018, the company plans to run a two-rig operated drilling program in the Delaware basin targeting 14 gross (11 net) wells (OGJ Online, Feb. 12, 2018).