Well Lateral Length | Drilling / Well Results | Quarterly / Earnings Reports | Third Quarter (3Q) Update | IP Rates-30-Day | IP Rates-24 Hour | Drilling Activity
Lilis Bolsters Production +234% YOY at 5,588 BOEPD; IPs First 1.5-Mile Wolfcamp A Well
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Lilis Energy reported its Q3 2018 results.
Strong Production Growth - Up +234% YOY / +16% from 2Q18
- Q3 sales volume of 514,102 BOE or 5,588 Boepd - up +234% YOY and up +16% from 2Q18
- This is excluding 349 Boepd of production acquired in the fourth quarter but produced in the third quarter of 2018)
- Current production at 7,000 Boepd
- Exit rate guidance 8,000 Boepd reaffirmed
First 1.5-Mile Wolfcamp A Well / Other Drilling Activity
- Lilis drilled its first 1.5-mile lateral Wolfcamp A well - it had an IP24 of 1,691 BOEPD and an IP30 of 1,035 BOEPD.
Current Updates
- Six upcoming wells, two in flowback, two in completion and two drilling, expected to be on-line in 2018 and early 2019
- Total location count is now 1,175, of which approximately 54% represent Wolfcamp locations and 28% represent Bone Spring locations, with approximately 80% of these located in Western Texas and New Mexico acreage
- Approximately 700 of our locations are longer lateral locations (> 1 mile lateral length)
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