News & Videos - LILIS ENERGY INC.

FORT WORTH, Texas, March 30, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company’s bank lending group has agreed to amend the existing revolving credit agreement to, among other things, extend the due date for the third installment payment of $1.5 million on the previously announced borrowing base deficiency from...

FORT WORTH, Texas, March 16, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company’s bank lending group has agreed to extend the due date for the third installment payment of $1.5 million on the previously announced borrowing base deficiency under its revolving credit agreement from March 16, 2020 to March 30, 2020. As...

FORT WORTH, Texas, March 13, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that David M. Wood has resigned as Chairman of the Board and a director of the Company. The resignation of Mr. Wood was for personal reasons and not as a result of a disagreement with the Company, its directors or any of its stockholders. The board of...

FORT WORTH, Texas, Feb. 28, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has closed the previously announced sale of approximately 1,146 undeveloped net acres in the Company’s northernmost acreage in Lea County, New Mexico. The net cash proceeds of approximately $24.1 million will be used to fund the first two...

FORT WORTH, Texas, Feb. 17, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that Värde Partners, Inc., on behalf of certain of its affiliated private funds and investment vehicles (collectively, “Värde”), has extended the expiration date for its previously announced non-binding offer proposing to acquire all of the...

FORT WORTH, Texas, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend the due date for the first two installment payments on the borrowing base deficiency under its revolving credit agreement that resulted from the recently announced borrowing base redetermination....

FORT WORTH, Texas, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that on February 7, 2020 the NYSE American LLC (“NYSE American”) notified the Company that it has accepted the Company’s plan to regain compliance with the NYSE American’s continued listing standards. As previously disclosed, on November 21, 2019, the...

FORT WORTH, Texas, Feb. 06, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend the due date for the first two installment payments on the borrowing base deficiency under its revolving credit agreement that resulted from the recently announced borrowing base redetermination....

FORT WORTH, Texas, Jan. 24, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend from January 24, 2020 to February 7, 2020 the due date for the initial installment payment on the borrowing base deficiency under its revolving credit agreement that resulted from the recently...

FORT WORTH, Texas, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that its lenders have completed the scheduled redetermination of the Company’s borrowing base under the revolving credit agreement. As a result of the redetermination, the borrowing base has been set at $90 million. As previously disclosed, the Company is...

FORT WORTH, Texas, Jan. 13, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that it has received a non-binding offer from Värde Partners, Inc., on behalf of various entities affiliated with Värde Partners (collectively, “Värde”), proposing to acquire all of the outstanding shares of common stock of the Company not owned by...

FORT WORTH, Texas, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that on December 3, 2019, Lilis Energy, Inc. (the “Company”) received a deficiency letter (the “Deficiency Letter”) from the NYSE American LLC (“NYSE American”) stating that the Company is below compliance with the continued listing standards as set...

FORT WORTH, Texas, Nov. 27, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that on November 21, 2019 it received a deficiency letter (the “Letter”) from the NYSE American LLC (“NYSE American”), indicating that the Company did not meet certain of the NYSE American continued listing standards as set forth in the NYSE American...

FORT WORTH, Texas, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that Joseph C. Daches has been appointed Chief Executive Officer. Mr. David Wood, Chairman of the Board of Directors of the Company, commented, “Joe has done an exceptional job while serving as Interim CEO, and the Board of Directors has full confidence in him to lead the Company...

FORT WORTH, Texas, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the third quarter of 2019 and announced the formation of a Special Committee and the engagement of a financial advisor to explore strategic alternatives. Third Quarter 2019 Highlights Significantly decreased cycle times under the Company’s...

Conference Call To Be Held Friday, November 8, 2019 At 11:00 AM Eastern Time FORT WORTH, Texas, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it will report third quarter 2019 operating and financial results on Thursday, November 7, 2019 after the market closes on the New York Stock Exchange. Management will host a conference call on...

HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the second quarter of 2019. Second Quarter 2019 Highlights Increased net sales production volumes by 32% to 6,341 Boepd, including a 50% increase in crude oil production to 3,925 Bopd, for the three months ended June 30, 2019, as compared to the same...

HOUSTON, Aug. 05, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it will report second quarter 2019 operating and financial results on Friday, August 9, 2019 before the market open on the New York Stock Exchange. Management will host a conference call on Friday, August 9, 2019 at 11:00 AM Eastern Time to review financial results and provide an...

HOUSTON, June 06, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today announced that Ron Ormand, currently Chairman of the Board of Directors (“Board”) and Chief Executive Officer (“CEO”), has notified the Board of his planned retirement from the Company effective June 6, 2019. The Board has elected David M. Wood to serve as Chairman of the Board and Joe...

HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the first quarter of 2019. First Quarter 2019 Highlights Increased net sales production volumes by 75% to 6,058 BOE/d, including a 52% increase in crude oil production to 3,530 BOE/d, for the quarter ended March 31, 2019, as compared to the same period...