Delta Petroleum Corporation says that Carl Lakey has been named Chief Executive Officer, effective immediately. Mr. Lakey most recently served as Senior Vice President of Operations for Delta and has been with the Company since 2007.

Mr. Lakey has spent his entire professional career in oil and gas exploration and production. Prior to joining Delta Petroleum, Mr. Lakey spent six years managing operations at El Paso Production Company and sixteen years in various operational and technical positions at ExxonMobil.

'Carl is a veteran oil and gas production and development executive and has been instrumental in increasing net production and proved reserves during his time at Delta Petroleum,' said Daniel Taylor, Chairman of the Board of Delta Petroleum. 'He's a skilled operator and knows this business extremely well. We believe he is the right person to take Delta Petroleum forward, particularly our principal assets in the Piceance Basin.'

Delta also announced today that John R. Wallace, currently President and COO, agreed to resign from the Company as an officer and director to pursue other interests. 'John has been an extremely valuable member of our leadership team, integral in identifying and developing our most valuable asset, the Vega field. We thank him for his service, and wish him the best in his future endeavors,' said Mr. Taylor.

Tags: Delta Petroleum Corporation