Lilis Energy Reports First Quarter 2019 Operating and Financial Results and Provides Second Quarter Guidance
LILIS ENERGY (LLEX)
Last lilis energy earnings: 11/7 05:24 pm
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Source: GlobeNewswire
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 in 2018 Sales volumes were 72% Liquids, including 58% crude oil Significant technical advancements in the third Bone Spring formation and choke management protocol, resulting in improved production rates on previous and recent wells Reduced crude transportation costs from approximately $5.15 per Bbl as of December 31, 2018, to approximately $0.75 per Bbl in March 2019, through continued focus on improvements in infrastructure and sales agreements Realized pricing for March was 93% of W
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