Delta Petroleum Corp. (DPTR), an independent oil and gas exploration and development company, announced that it has appointed Carl Lakey as its Chief Executive Officer, effective immediately.
Most recently, Lakey served as Senior Vice President of Operations for Delta and has been with the Company since 2007. Before joining Delta Petroleum. Lakey spent six years managing operations at El Paso Production Company and sixteen years in various operational and technical positions at ExxonMobil.
The company also announced that John Wallace, currently President and COO, agreed to resign from the Company as an officer and director to pursue other interests.
In addition, Delta announced that it has terminated discussions to sign a definitive Purchase and Sale Agreement with Opon International LLC to sell a 37.5% non-operated working interest in, and jointly develop, its Vega Area assets in the Piceance Basin.
The company noted that it terminated the discussions after Opon was unable to obtain financing for the transaction on the agreed-upon terms.
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