James Linville joins Lilis Energy after more than 30-years in the industry with companies including American Energy Partners and Devon Energy
Lilis Energy, Inc. (Ticker: LLEX) announced Thursday that James Linville has joined the company as its new president, effective immediately.
Linville will report directly to the Chief Executive Officer, Avi Mirman, the company said in its release.
Lilis is exclusively involved in exploration and development in the Permian Basin. As of June 2017, the company currently holds over 10,000 net acres in the Delaware basin and estimates that its acreage holds over 500 potential horizontal net drilling locations.
Lilis merged with Brushy Resources in 2016, which—at the time—expanded the company’s acreage by 185%.
The company plans to drill 11 gross (9 net) wells during 2017, comprised of both vertical re-entries and new projects, into the Wolfcamp B formation. As of June 2017 the company had completed and begun producing from three horizontal Wolfcamp B wells, with fracturing operations finishing on a fourth well, and a fifth well being drilled.
Throughout his 30-year career, Linville, a petroleum engineer by background, has led and managed oil and gas development projects in the majority of the major unconventional U.S. basins for companies including U.S. Energy Development Corporation, American Energy Partners, and Devon Energy (Ticker: DVN). Amongst his key career accomplishments are evaluating over $12 billion of acquisitions, with over $5 billion completed; co-managing approximately $850 million multi-rig horizontal development programs, and overseeing drilling of over 500 wells.
Prior to joining Lilis, Linville was Senior Director, Operations and Development for U.S. Energy Development Corporation, where he also served as a member of the Capital Committee tasked with deploying up to $200 million annually, primarily within the Delaware Basin and Eagle Ford. Previously, he served as Director-Acquisitions for American Energy Partners and subsequently as Director-Operations, for American Energy Partners’ Permian Basin affiliate. During his tenure, Linville was responsible for assembling and leading the technical team that screened over 400 acquisition opportunities. Two of Linville’s key evaluations resulted in the successful creation of $4.25 billion in Permian and Marcellus platform companies for American Energy Partners, Lilis said in its release.
