Significantly Reduces Leverage and Improves Liquidity Position Increases Borrowing Base to $125MM Reduces Fully Diluted Share Count by Approximately 12MM Management to Review Financial Results, Provide an Operations Update and 2019 Outlook and Guidance on Conference Call Webcast at 11:00 a.m. ET on Friday, March 8, 2019 Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of West Texas [...]
- One-on-one meetings are now open for buyside investors to schedule with management teams through the conference registration page - Presenting company schedule is posted EnerCom has updated the presenting company schedule for its Texas-based oil and gas investment conference—EnerCom Dallas—at The Tower Club Feb. 27-28, 2019, in downtown Dallas. Institutional investors, portfolio managers, financial [...]
Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company achieved its 2018 year-end exit rate target of 8,000 net Boepd. Lilis averaged 8,081 net Boepd from December 25 through December 31, 2018. The Company experienced continued improvement in third-party natural gas midstream performance as the fourth quarter [...]
Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Tiger #3H has reached the 24-hour initial production rate. The Company has also obtained a Borrowing Base increase to $108MM effective December 7, 2018 as a result of its regularly scheduled fall redetermination process. Tiger #3H – 3rd Bone Spring Highlights [...]
Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, announced that Ronald D. Ormand, Chairman and Chief Executive Officer, will participate in and conduct one-on-one meetings at two upcoming investment conferences. Jefferies 2018 Global Energy Conference Mr. Ormand will present at the Jefferies 2018 Global Energy Conference on Wednesday [...]
Production Increased 234% Over Q3 2017 Sales Revenue Increased 261% Over Q3 2017 Adjusted EBITDAX of $12.4 Million or $49.7 Million Annualized, 177% Growth YTD All Wells Previously Curtailed Have Been Placed Back Into Sales Current Production Approximately 7,000 Boepd Exit Rate Guidance 8,000 Boepd Reaffirmed Management to Review Financial Results and Provide an Update on Corporate Developments on Conference Call Webcast [...]
Wells Tracking Type Curve Production Currently 6,500 – 7,000 Boepd Curtailment Being Remediated in the Near Term Exit Rate Production of 8,000 Boepd Reaffirmed Total Proved Reserves Increase 308% Since Year-End 2017 Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today provided an update on production, well performance and drilling [...]
Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced the Company has entered into a five-year, $500 million credit agreement. The credit agreement provides for a senior secured reserve based revolving credit facility with an initial borrowing base of $95 million. The credit facility matures on October 10, 2023 and is secured by [...]
CURRENT PRODUCTION EXCEEDS 7,300 2019 INCREASED PROVED RESERVES BY 228% SINCE DECEMBER 31, 2017 Lilis Energy Update Lilis Energy Update HOUSTON, Aug. 06, 2018 -- Lilis Energy Inc. , today reported operating results for second-quarter 2018. Second Quarter 2018 Highlights Production increased by 53% quarter-over-quarter and 210% year-over-year and current production exceeding 7,300 Boepd, excluding pending acreage swaps [...]
HOUSTON, Aug. 02, 2018 -- Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has entered into a crude oil firm takeaway and sales agreement with an affiliate of Salt Creek Midstream, LLC to secure firm takeaway pipeline capacity and pricing on a long haul pipeline to the Gulf Coast commencing July 1, 2019. Lilis also [...]
Exchanges approximately 750 net acres on an acre-for-acre basis in core New Mexico Delaware acreage Increases Working Interest and Net Revenue Interest to 100% in core sections including those containing production from the Wildhog and Prizehog wells Concentrates acreage in core operational area and eliminates CAPEX exposure in traded non-operated sections Immediate increase in production and PDP and Proved Reserves at [...]
HOUSTON, July 26, 2018 -- Lilis Energy Inc. , an exploration and development company operating in the Permian Basin of west Texas and southeastern New Mexico, today announced that the Company has entered into a water gathering and disposal agreement and various ancillary agreements with SCM Water, LLC, a sister company to Salt Creek Midstream, LLC, and also an affiliate of ARM Energy Holdings, LLC. The agreements support [...]
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