Lilis Energy says new midstream system operational, producing 5K boe/day [Seeking Alpha]
LILIS ENERGY (LLEX)
Last lilis energy earnings: 11/7 05:24 pm
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Source: Seeking Alpha
Lilis Energy says new midstream system operational, producing 5K boe/dayLilis Energy (LLEX+2.3%) is higher after saying earlier that its third party-operated midstream system hadlaunched operations, producing more than 5K boe/day (75% liquids).LLEX says it is in the process of completing seven wells, including a well in the Bone Springs region and another well in Wolfcamp B area in west Texas by the end of this month.LLEX also says it is "very confident" of reaching its 2018 exit-rate target of 7,500 net boe/day, based on its operational capabilities, increasing production and backlog of drilling and completion activities.See all stocks on the move »Now read:Bellatrix Exploration Makes Major Progress In 2017 »
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