Lilis Energy Inc.
About
Lilis Energy Inc. is a Fort Worth, Texas-based independent oil and gas exploration and production company that operates in the Permian’s Delaware Basin, considered among the leading resource plays in North America. Lilis’ current total net acreage in the Permian Basin is approximately 20,000 acres. Lilis Energy's near-term E&P focus is to grow current reserves and production and pursue strategic acquisitions in its core areas.
Editor's note: Updated Dec. 9, 2019.
Headquarters Address
201 Main Street
Suite 700
Fort Worth, TX 76102
United States
Website
www.lilisenergy.comMain Phone Number
Transactions
Ameredev Closes Deal for Lilis Energy’s Permian Basin Assets
Ameredev Closes Deal for Lilis Energy’s Permian Basin Assets
Debt-laden Lilis Energy To Sell Permian Basin Acreage Chunk
Debt-laden Lilis Energy To Sell Permian Basin Acreage Chunk
Permian Operator Lilis Energy Receives Take-Private Offer
Permian Operator Lilis Energy Receives Take-Private Offer
Marketed: Lilis Energy Non-Producing Permian Basin Leasehold
Marketed: Lilis Energy Non-Producing Permian Basin Leasehold
Lilis Enters Acre-For-Acre Trade Of New Mexico Delaware Acreage
Lilis Enters Acre-For-Acre Trade Of New Mexico Delaware Acreage
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New Financings
Lilis Energy Inc., an exploration and production company operating in the Permian Basin of West…
Lilis Energy Inc. announced that the company has entered into definitive agreements for a…
Repurchased up to $10 million of the company's common stock in the open market. Lilis currently has…
Signed a $50 million first lien term loan with Riverstone Credit Partners LP.
Net proceeds from a private placement of common stock and warrants-made through entry into a securities…
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Instantly unlock over 15 years of A&D transactions and financing data.
News
Ameredev Closes Deal for Lilis Energy’s Permian Basin Assets
Oil and gas producer Lilis Energy to exit into the ether following the sale of its roughly 20,000-acre position in the Permian Basin through a court-supervised sales process.
Oil and Gas Investor A&D Trends: Pardon the Dust
At the crack of a bankruptcy judge’s gavel, stalking-horse bidders slowly lurch out of the starting gate, lower their long necks and graze among the oil and gas bankruptcies. The slowly revealed results are fascinating.
E&P Bankruptcy Sales: Pros, Cons of Stalking-Horse Bidders
The opportunity to acquire oil and gas assets out of bankruptcy has grown in the current downturn, however, a panel of experts say buyers should be prepared to act early and quickly.
Permian Basin Operator Lilis Energy to Pursue Bankruptcy Sale
Permian pure-play Lilis Energy is pursuing a process to sell substantially all of its assets through the Chapter 11 process, which may be pursuant to section 363 of the bankruptcy code or a Chapter 11 plan.
Permian Basin Operator Lilis Energy Succumbs to Bankruptcy
The restructuring is expected to reduce Lilis Energy debt obligations by more than $34.9 million, rightsizing its bank indebtedness for future operations focused in the Permian Basin.
Bank Cut to Oil Loans Could Push Producers Beyond the Brink
Some U.S. oil and gas companies, including Lilis Energy and Ultra Petroleum, have already breached covenants or admitted they cannot repay their loans.
Lilis Energy David Wood Resigns As Director, Chairman
The resignation of Wood was for personal reasons and not because of a disagreement with the company, its directors or any of its stockholders, Lilis said in a statement.
Debt-laden Lilis Energy To Sell Permian Basin Acreage Chunk
Lilis Energy plans to use the roughly $24.9 million of cash proceeds from the Permian Basin acreage sale to fund a substantial portion of its borrowing base deficiency.
Permian Operator Lilis Energy Receives Second Debt Payment Extension
Lilis Energy’s bank lending group agreed to extend payments to cure its borrowing base deficiency—marking the second payment extension for the struggling Permian Basin operator so far this year.
Permian Operator Lilis Energy Receives Take-Private Offer
Värde Partners is proposing to acquire the roughly 75% of outstanding shares of Lilis Energy common stock it doesn’t already own in a cash merger transaction.
Permian Operator Lilis Energy Notified Of Listing Deficiency
Lilis Energy is below compliance with the NYSE American stock exchange’s continued listing standards because its stock has been selling for “a low price per share for a substantial period of time.”
Marketed: Lilis Energy Non-Producing Permian Basin Leasehold
Lilis Energy retained EnergyNet for the sale of non-producing Permian Basin leasehold in Reeves County, Texas, through a sealed-bid offering closing Nov. 7.
Lilis Energy Chairman, CEO Ron Ormand Retires
Lilis Energy said that Ron Ormand, currently chairman of the board of directors and CEO, has notified the board of his planned retirement from the company.