Post Tagged with: "LLEX"

Lilis Energy Makes Executive Changes

Lilis Energy Makes Executive Changes

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 …

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

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

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 …

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

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 …

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Lilis Energy Firing on all Cylinders

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 …

Lilis Energy Announces 2018 CapEx of ~$100 Million, $70 Million Delaware Basin Acquisition

Lilis Energy Announces 2018 CapEx of ~$100 Million, $70 Million Delaware Basin Acquisition

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.…