By Houston Business Journal

Milagro Exploration LLC has promoted James Ivey to president and CEO.

Ivey has been with the Houston-based oil and gas company since December 2008 when he was hired as chief financial officer.

Last month, Milagro acquired about $43 million worth of assets from RWG Energy Inc., a subsidiary of RAM Energy Resources Inc. (NASDAQ: RAME), including oil wells in north Texas.

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