Lilis Energy, Inc. (ticker: LLEX) capped off the end of January with several notable announcements. The company plans to acquire more than 20,000 net acres in the Delaware Basin while maintaining two drilling rigs, targeting 14 gross (11 net) wells. The company’s 2018 D&C CapEx is fully funded and aims for a solid ~$100 million. As of January 27, 2018,
Lilis Energy (ticker: LLEX) is a pure play Permian operator with over 16,200 net acres in the Delaware Basin, and over 900 net identified future drilling locations. Lilis Energy is headquartered in San Antonio, Texas. In the first quarter of 2018 Lilis Energy plans to complete one well and commence drilling another well on its eastern acreage. The targeted formations
Tiger #1H reached 1,803 BOEPD, 72% liquids on 4,108 foot lateral Lilis Energy, Inc. (ticker: LLEX) said that its Tiger #1H well has reached a 24-hour initial production rate of 1,803 BOEPD on a three-stream basis, at 439 BOEPD per 1,000 ft. or 242 BOPD per 1,000 ft. of lateral. The well is currently producing at 72% liquids on a
Lilis Energy Breakout Notes Ronald Ormand, chairman of the board., (ticker: LLEX) presented today at EnerCom’s The Oil & Gas Conference® 22. Lilis Energy is an E&P company with acreage in the Permian basin, which it plans to begin producing out of during 2017. Lilis merged with Brushy Resources in 2016 and, in the process, expanded its acreage by 185%.
James Linville joins Lilis Energy after more than 30-years in the industry with companies including American Energy Partners and Devon Energy Lilis Energy, Inc. (Ticker: LLEX) announced Thursday that James Linville has joined the company as its new president, effective immediately. Linville will report directly to the Chief Executive Officer, Avi Mirman, the company said in its release. Lilis is exclusively involved in exploration
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