Lilis Energy Inc. said that Ron Ormand, currently chairman of the board of directors and CEO, has notified the board of his planned retirement from the company effective June 6.
The board has elected David M. Wood to serve as chairman of the board and Joe Daches, currently president and CFO, to serve as interim CEO while a search for a new CEO is conducted.
“On behalf of the entire Board, we wish to express our gratitude to Ron for the vision he brought to the creation of Lilis Energy, and for his dedication in getting the company to where it is today. We all wish Ron the very best in his retirement and look forward to his continuing contributions as a member of our Board,” Wood said.
Recommended Reading
Then and Now: 4D Seismic Surveys Cut Costs, Increase Production
2025-03-16 - 4D seismic surveys allow operators to monitor changes in reservoirs over extended periods for more informed well placement decisions. Companies including SLB and MicroSeismic Inc. are already seeing the benefits of the tech.
Diamondback in Talks to Build Permian NatGas Power for Data Centers
2025-02-26 - With ample gas production and surface acreage, Diamondback Energy is working to lure power producers and data center builders into the Permian Basin.
E&P Highlights: March 3, 2025
2025-03-03 - Here’s a roundup of the latest E&P headlines, from planned Kolibri wells in Oklahoma to a discovery in the Barents Sea.
Kelvin.ai the 'R2-D2' Bridging the Gap Between Humans, Machines
2025-03-26 - Kelvin.ai offers an ‘R2-D2’ solution that bridges the gap between humans and machines, says the company’s founder and CEO Peter Harding.
Pioneer Energy’s Tech Offers More Pad Throughput, Fewer Emissions
2025-01-14 - Pioneer Energy’s Emission Control Treater technology reduces emissions and can boost a well’s crude yield by 5% to10%, executives say.