Lilis Energy Unveils $70 Million Delaware Deal
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
65MM
Description
Purchased about 2,798 net acres (84% operated and roughly 70% HBP) in the Delaware Basin in Lea County, NM; includes more than 150 net locations in the Wolfcamp and Bone Spring. (Editor's note: Price was updated from $70 million to $65 million due to fluctuation in price of Lilis common stock.)