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Lime Rock promotes one to MD and another to VP

Energy-focused private equity firm Lime Rock has promoted James Wallis to managing director and Oliver Phillips to vice president. Wallis joined the firm in 2007 while Phillips first came on board in 2011.

PRESS RELEASE

HOUSTON, Sept. 13, 2016 /PRNewswire/ — Lime Rock, a private equity firm focused on the global energy sector, today announces the promotion of James Wallis to the position of Managing Director and the promotion of Oliver Phillips to the position of Vice President. Both are based in the firm’s Houston office.
Mr. Wallis joined the Lime Rock Partners team in 2007 and has played a leadership role in several U.S. E&P portfolio company investments as well as other investments in the global oilfield service sector. John Reynolds, Co-Founder and Managing Director of Lime Rock, said, “Lime Rock has consistently built our senior leadership ranks with investment professionals who have demonstrated, in our opinion, exceptional performance and judgment from their earliest days in our organization. For nearly a decade, James has made important contributions to our team and to our investors with his investment insights, skills in business development, and strong commitment to teamwork.”

Mr. Phillips joined the Lime Rock Partners team in 2011 and has worked in Lime Rock locations worldwide as a key member of the team executing oilfield service and E&P investments. Jonathan Farber, Co-Founder and Managing Director of Lime Rock, added, “We have been fortunate to benefit from the tireless work, creativity, and attention to detail of both Oliver and James, and we look forward to seeing their increased contributions with greater responsibilities on the team.”

Since its inception in 1998, Lime Rock Management has raised $7.2 billion in private equity funds and affiliated co-investment vehicles for investment in the energy industry through Lime Rock Partners, investors of growth capital in E&P and oilfield services companies worldwide, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. Lime Rock Partners is a creative investment partner in building differentiated oil and gas businesses, side by side, with entrepreneurs every day. The Lime Rock Partners team brings together specialist finance and operating expertise, technology leadership, people-centered strategies, and patient hard work with the goal of helping its investors and portfolio company partners profit from operational growth. For more information, please visit www.lrpartners.com.