One-Page Deal Sheet
Lilis Bolts On Delaware Basin Property for $70 Million
Lilis Energy Inc. OneEnergy Partners, LLC
Announced Date
January 31,2018
Effective Date
October 01,2017
Close Date
March 19,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
65
Asset/Basin:
{"Delaware Basin"}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Lea
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Lilis Energy has inked a deal to acquire acreage in the Delaware Basin for $65 million in cash/stock from PE-backed OneEnergy Partners Operating LLC, who is sponsored by Carnelian Energy Capital.
This deal closed in March 19, 2018.
Details: $65 million total consideration ($40 million cash / $25.3 million worth of stock) 2,798 net acres located in Lea County, NM - 84% operated (combined with the company's current acreage, Lilis will have 19,000 net acres total) 425 BOEPD net production Acquisition adds more than 150 net locations with potential targets in the Wolfcamp A, Wolfcamp XY…Permian - Delaware Basin Deal Activity In Last 12 Months
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| May-03-2025 |
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| Nov-13-2024 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | - |
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| Jul-28-2024 | Vital Energy Acquires Delaware Basin Property From PE-Backed E&P | - |
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