Lilis Energy Inc. (NYSE MKT: LLEX) named James Linville as president and CEO following the departure of its previous chief Abraham (Avi) Mirman, the San Antonio-based company said Aug. 4.
Linville, who joined Lilis in June, has led and managed oil and gas development projects in the majority of the major unconventional U.S. basins, including the Permian, for companies including U.S. Energy Development Corp., American Energy Partners and Devon Energy Corp. (NYSE: DVN) throughout his 30-year career, according to the company release.
Mirman has resigned from his posts as CEO and director of Lilis Energy, effective immediately, as a result of a recently filed civil complaint by the U.S. Securities and Exchange Commission (SEC) that predated his time at the company.
According to SEC filings on Aug. 2, Mirman denies the Commission’s allegations, and intends to "vigorously defend this matter."
During his tenure at Lilis Energy, Mirman helped the company build a 10,000-net-acre position in the core of the Delaware—and for a fraction of the cost of typical Permian deals.
"I'd like to thank Avi, as well. The team that he assembled is tremendous, and among the most talented and dedicated I've had the pleasure to work with. We are well capitalized and our assets in the core of the Delaware Basin are consistently delivering strong well results. We are also actively reviewing acreage opportunities to continue to grow our leasehold," Linville said in a statement.