One-Page Deal Sheet
Lilis Expands Permian Asset Base via Acquisition of Brushy Resources
Lilis Energy Inc. Brushy Resources Inc.
Announced Date
December 30,2015
Close Date
June 23,2016
Transaction Type
Corporate
Asset/Basin:
{Permian,"Delaware Basin"}
TargetZones:
{"Wolfcamp A",Wolfca
Net Acres
% Oil:
Proved Reserves
Location
Region
Permian
Country
United States
State
Texas
County
Winkler ,Loving
Play
Production & Reserves Production
Production Mix
Reserves
Transaction Details: Subscribe to see
Closing Announcement - June 24, 2016
Lilis Energy has closed its merger with Brushy Resources Inc.
Lilis Energy’s primary acquired assets include:
7,217 gross / 3,458 net acres located in the core Delaware Basin in Winkler and Loving Counties, Texas and Lea County, New Mexico. 93% of acreage is held by production through the base of all prospective formations. Current daily production of approximately 470 BOE/D (47% oil). 18 gross / 12.8 net producing operated wells. Recently drilled 2 gross / 1.6 net horizontals in the Wolfcamp A and Brushy Canyon formations via Re-Entry through…Permian Deal Activity In Last 12 Months
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