Lilis Energy, Inc. (AMEX: LLEX) was founded in 2007, formerly known as Recovery Energy, Inc., changed to its current name in December 2013, headquartered in Houston, Texas, USA, with 27 full-time employees, is an independent oil company Natural gas companies engaged in the acquisition, exploration, development and production of conventional and unconventional oil and gas assets.
Lilis Energy, Inc. (LLEX):
Lilis Energy’s total net land area in the Permian Basin is approximately 19,000 acres. The company’s oil and gas assets are located in the Delaware Basin in Winkler, Loving, and Reeves counties, Texas; and Lea County, New Mexico.
As of December 31, 2017, Lilis Energy has proved reserves of 11.453 billion barrels of oil equivalent (MBOE), of which the proven developed reserves are 4,275 barrels of oil equivalent, and the proven undeveloped reserves are 7,178 barrels of oil equivalent. The company has proven natural gas reserves of 16.06 million cubic feet; natural gas liquid reserves of 1.605 million barrels.