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Lilis Energy Inc.
58 articles mentioning Lilis Energy Inc. · Page 1 of 3
Lilis Finalizes Sale of Asset Portfolio to Ameredev
Lilis Energy, Inc. has closed the sale of substantially all of the assets and its filing subsidiaries to Ameredev Texas, LLC. Ameredev offered $46.6 million in cash for the assets, which was named the highest bid...
E&P with 20,000 Net Acres in the Delaware Core Looking for Buyer
The company has some 20,000 net acres in the core of the basin. Transactions most recently fetch $35000 per acre.
Lilis Energy Delisted from the NYSE; Moves to Pink Sheets
Lilis Energy, Inc. received notice that it has been suspended from trading on the NYSE American and delisting proceedings have been initiated. This follow's the company's Chapter 11 bankruptcy filing earlier this week. The Company's common...
Delaware Permian E&P Files Bankruptcy, Will Liquidate
Lilis Energy Inc. has filed for bankruptcy. This comes after several developments including David Wood resigning as Chairman in March 2020 as well as several extensions on borrowing base payments. The plan is expected to reduce...
Lilis Energy Chairman David Wood Resigns; Successor Tapped
Lilis Energy, Inc. reported that David M. Wood has resigned as Chairman of the Board and a director of the company, citing personal reasons. The board of directors of the Company today appointed current director Michael...
Lilis Gets Extension for Borrowing Base Payment...Again
Lilis Energy Inc. has received yet another extension on its deficiency payment from its bank lending group. This is the second such extension Lilis has received (the first was granted on January 24, 2020). The amendment...
Lilis Gets Extension for Borrowing Base Deficiency Payment
Lilis Energy Inc.'s bank lending group has agreed to extend from January 24, 2020 to February 7, 2020 the due date for the initial installment payment on the borrowing base deficiency under its revolving credit agreement....
Lilis Hit with Borrowing Base Deficiency After Lenders Cut Credit
Lilis Energy Inc.'s lenders have completed the scheduled redetermination of the Company's borrowing base under the revolving credit agreement. As a result of the redetermination, the borrowing base has been set at $90 million. As previously...
Varde Partners Makes Offer to Buy / Privatize Permian E&P Lilis Energy
Lilis Energy Inc. has received a non-binding offer from Värde Partners Inc. proposing to acquire all of the outstanding shares of common stock of Lilis not owned by Värde in a cash merger transaction for $0.25...
Lilis Out of NYSE Compliance Due to Equity Deficiency, Yearly Losses
Lilis Energy, Inc. has fallen out of compliance with the New York Stock Exchange (NYSE). The reason noted is that Lilis has reported a stockholders’ equity deficiency as of September 30, 2019 and net losses in...
New CEO Takes Helm of Lilis Energy
Lilis Energy, Inc. announced that Joseph C. Daches has been appointed Chief Executive Officer. About Daches: Mr. Daches, who joined Lilis Energy in 2016, has over 25 years of experience and expertise in directing strategy and...
Delaware Basin E&P Taps Advisor for Strategic Alternatives
Lilis Energy reported its Q3 2019 results. The company also announced the formation of a Special Committee and the engagement of a financial advisor to explore strategic alternatives. Special Committee and Strategic Advisor In conjunction with...
Lilis Energy Talks Q2 2019 Results
Lilis Energy, Inc. reported financial and operating results for the second quarter of 2019. Second Quarter 2019 Highlights Increased net sales production volumes by 32% to 6,341 Boepd, including a 50% increase in crude oil production...
Lilis Energy CEO Retires; CFO Daches Named Interim
Lilis Energy Inc. announced that Ron Ormand, currently Chairman of the Board and CEO, has notified the Board of his planned retirement from the Company effective June 6, 2019. The Board has elected David M. Wood...
Lilis Brings DUCs Online, Gets Oilier Q1; May Add Another Rig in 2H19
Lilis Energy reported its Q1 2019 results. Gets +52% Oilier in Q1; May Add Another Rig in 2H19 - Q1 Production: 6,058 BOEPD (up +75% YOY / Oil production up +52% YOY) Oil production of 3,530...
Lilis Slashes Spending Nearly 50% for 2019; Cuts Rig Count by 75%
Lilis Energy has detailed its 2019 capital plans. The company's rig count will return to its 2017 low of one rig running (a stark contrast from its higher rig activitiy throughout 2018 - see chart below)....
Lilis Hits Target 2018 Exit Rate of 8,000 BOEPD
Lilis Energy, Inc. has 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...
Lilis Energy's Borrowing Base Increased to $108MM
Lilis Energy has obtained a Borrowing Base increase to $108MM effective December 7, 2018. This decision was a result of its regularly scheduled fall redetermination process.
Lilis' Latest Third Bone Spring Well Logs IP24 of 1,821 BOEPD; Reaffirms 2018 Exit Rate
Lilis Energy reported that the Tiger #3H has reached the 24-hour initial production rate. The well targeted the Third Bone Spring. IP 24 rate of 1,821 Boepd, including 801 Bopd (63% liquids, 44% oil), on a...
Lilis Bolsters Production +234% YOY at 5,588 BOEPD; IPs First 1.5-Mile Wolfcamp A Well
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...