Permian E&P Lilis Energy, Inc. (ticker: LLEX) has appointed Ronald D. Ormand to CEO, in addition to his position as chairman of the board. James W. Denny III has been appointed EVP of production and operations, and the board of directors has also appointed Michael G. Long as a new member of the board. “I am very honored and excited about
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, 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, 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,
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,
