Lilis Energy reports record initial daily production rate at new Permian well [Seeking Alpha]
LILIS ENERGY (LLEX)
Last lilis energy earnings: 11/7 05:24 pm
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Source: Seeking Alpha
Lilis Energy reports record initial daily production rate at new Permian wellLilis Energy (LLEX-1.2%) is lower despite reportingrecord production from its recently drilled Hippo #2H well in the Permian Basin's Wolfcamp formation, reaching an initial daily production rate of 2,149 boe/day on a three-stream basis.LLEX says Hippo #2H is the highest recorded IP per 1,000 ft. Wolfcamp B the company has drilled to date and the highest recorded among offset producers in the Permian Basin.LLEX also says two other new wells, AG Hill #1H and Meerkat #1H, reached respective initial production levels of 1,000 boe/day and 1,823 boe/day.Click to subscribe to real-time analytics on LLEXNow read:Cheniere Energy (LNG) Presents At Bernstein Thirty-Fourth Annual Strategic Decisions Conference - Slideshow »
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