Lilis Energy Achieves First Quarter 2019 Production Guidance and Provides Operational Update
LILIS ENERGY (LLEX)
Last lilis energy earnings: 11/7 05:24 pm
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Source: GlobeNewswire
HOUSTON, April 25, 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 announced certain operating and financial results for the first quarter of 2019. Highlights include: Oil production of 3,530 Bop/d, above the mid-point of Lilis guidance range of 3,400 -3,600 Bop/dNGL production of 827 Bbls/d compared to guidance of 800 – 1,000 Bbls/dBoep/d production of 6,05875% total production increase year-over-year, with a 52% increase in oil productionCommodity mix of 58% oil and 72% liquidsRealized oil pricing of 84% of WTI for the quarter, compared to guidance of 85%Realized pricing of 93% of WTI in March, resulting in approximately $16.50 per barrel improvement over January, and substantial enhancements in profit margins, which are expected to continue in the second quarterRecurring LOE per BOE of $7.26 compared to guidance of $7.00 - $7.50 per BOEWith ju
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