Lilis Energy – Oil & Gas 360

Lilis Energy announces closing of asset sale, expected effective date of its liquidating Chapter 11 Plan and suspension of SEC reporting

December 2, 2020

Oil and Gas 360 FORT WORTH, Texas, Dec. 02, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (OTC: LLEXQ) (the “Company”), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced the closing of the sale of substantially all of the assets of the Company and its filing subsidiaries to Ameredev Texas, LLC (“Ameredev”) pursuant to a previously disclosed Bankruptcy Court-approved purchase and sale

Lilis Energy voluntarily files for Chapter 11 bankruptcy

June 29, 2020

Oil & Gas 360 FORT WORTH, Texas, June 29, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the

Lilis Energy receives extension on initial borrowing base deficiency payment

January 24, 2020

Oil and Gas 360 FORT WORTH, Texas, Jan. 24, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend from January 24, 2020 to February 7, 2020 the due

Lilis Energy Q1 Production Grows 75% YOY

April 25, 2019

Lilis Energy Achieves First Quarter 2019 Production Guidance and Provides Operational Update

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs

December 14, 2018

Lilis’s Tiger #3H IP-24s above 1,800 BOEPD in 3rd Bone Spring Permian-focused Lilis Energy (stock ticker: LLEX) said its Tiger #3H well has reached the 24-hour initial production rate of 1,821 BOEPD. Tiger #3H – 3rd Bone Spring Highlights: IP 24 rate of 1,821 BOEPD, including 801 BOPD (63% liquids, 44% oil), on a three-stream basis, equivalent to 239 BOEPD per 1,000 ft.

Exclusive Interview: Ron Ormand, Chairman & CEO of Permian Pure-Play Lilis Energy

September 12, 2018

Lilis Energy chairman and CEO Ron Ormand in an exclusive interview at the EnerCom conference with Oil & Gas 360. Ron Ormand, Lilis Energy’s (ticker: LLEX) chairman and CEO was interviewed by Oil & Gas 360® at the August 2018 EnerCom conference. Ormand is a senior energy finance expert with more than 34 years’ experience in the energy industry.

Presenting Companies at The Oil and Gas Conference: Lilis Energy

July 24, 2018

Lilis Energy, Inc. (NYSE: LLEX) Company Overview Lilis Energy, Inc. is a San Antonio-based independent pure play oil and gas E&P company that operates in the Permian’s Delaware Basin. Announced in June a 1,500-net acre for acre trade to increase its gross working interest in the Delaware basin by 35% Concentrates acreage in core operational area and adds over 100

Lilis Energy Announces Wolfcamp IPs

May 30, 2018

Lilis Energy Announces Recent Well Results

Lilis Adds Crude Gathering Capacity

May 23, 2018

Permian E&P Lilis Energy, Inc. (ticker: LLEX) has entered into a crude oil gathering agreement with Salt Creek Midstream, LLC. Salt Creek’s system will be constructed, managed and operated by ARM Midstream Management, LLC. Construction of the project is expected to commence immediately with service to begin in 2019. No volume commitments, Salt Creek provides all capital Salt Creek is

Lilis Energy’s Permian Takeaway Starts Operations, Production Now Beyond 5,000 BOEPD

March 26, 2018

Thanks to new takeaway capacity, company looks at additional growth in 2018 Permian E&P Lilis Energy, Inc. (ticker: LLEX) said its third-party operated midstream system has commenced operations. The company also said that its current production is exceeding 5,000 BOEPD (75% liquids) and continues to grow as the midstream system reaches maximum efficiency. Additional wells are currently in flowback. “Completing

Lilis Energy Closes Delaware Basin Purchase for $65.3 Million, Acquires 2,798 Net Acres

March 19, 2018

Lilis Energy, Inc. (ticker: LLEX) has closed a deal to acquire approximately 2,798 net acres in the southeastern New Mexico area of the Delaware Basin. The deal was part cash ($40 million) and part stock (~6.9 million shares, or ~$25.3 million), for an approximate total of $65.3 million. “This strategic transaction enhances our overall position in the Northern Delaware Basin,

Lilis Energy Firing on all Cylinders

March 8, 2018

Lilis Energy, Inc. (ticker: LLEX) produced 575,229 net BOE in 2017, or 1,575 BOEPD on average. These production numbers represent an increase of 350% year-over-year. Average Q4 2017 production increased 206% to 1,925 BOEPD. “The last year in 2017 has been a very transformational one for Lilis. We positioned ourselves as a pure play Delaware Basin operator with a substantial,

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