trending Market Intelligence /marketintelligence/en/news-insights/trending/cDSk8HXlIgdQ536QAcAEwA2 content esgSubNav
In This List

Permian producer to buy over 4,000 acres in Delaware Basin for $45.6M

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector

Podcast

Energy Evolution | A skills shortage imperils the global energy transition


Permian producer to buy over 4,000 acres in Delaware Basin for $45.6M

Lilis Energy Inc. agreed to buy more than 4,000 net acres in the core of the Delaware Basin from an undisclosed private seller for about $45.6 million, boosting its position in the basin to over 15,000 net acres.

The acreage is contiguous or overlapping with multiple stacked pay zones, according to an Oct. 4 news release. The acquisition added more than 150 net potential locations to Lilis' inventory.

The deal is scheduled to close in November. Lilis Energy is an exploration and development company with operations in the Permian Basin of west Texas.