One-Page Deal Sheet
Ameredev Wins Bid for Lilis Energy's Permian Portfolio
Ameredev, LLC Lilis Energy Inc.
Announced Date
November 09,2020
Close Date
December 02,2020
Transaction Type
Property
Enterprise Value (EV)($MM)
47
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Loving ,Winkler
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Lilis Energy, Inc. announced that, following a comprehensive sale process and a competitive auction as part of its Chapter 11 process, Ameredev Texas LLC has been named as the winning bidder to acquire substantially all of the Company's assets for a $46.6 million cash payment at closing.
This deal closed on December 2, 2020.
Lilis Asset Overview Net Acreage: ~20,000 Drilling Locations: 1,200 Production: 5,102 boepd (as of Q4 2019)Vinson & Elkins LLP is serving as legal advisor to the Company, Barclays Capital is serving as investment banker for the Company, and Opportune LLP is…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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