Current LLEX Stock Info

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, provides the company substantial critical mass in a contiguous area surrounding our existing New Mexico properties and increases our net acreage position closer to our ...

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