Lilis Energy Reports Second Quarter 2019 Operating and Financial Results and Provides Third Quarter Guidance
HOUSTON, Aug. 08, 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 second quarter of 2019.
- HOUSTON, Aug. 08, 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 second quarter of 2019.
- Average daily oil production for second quarter 2019 totaled 3,925 Bopd, an increase of 50% from second quarter 2018.
- Natural gas liquids (NGL) and natural gas production for second quarter 2019 totaled 65,903 barrels (Bbls) and 924 million cubic feet (MMcf), representing a respective 11% decrease and 24% increase from second quarter 2018.
- The Companys third quarter guidance assumes the four shut-in wells are not brought back online during the quarter, and the Company is reducing its full-year production guidance.