SAN ANTONIO, Feb. 12, 2018 /PRNewswire/ — Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Kudu #2H has reached a 24-hour initial production rate of 1,475 Boepd on a three-stream basis, at 299 Boepd per 1,000 ft. The well is currently producing at 75% liquids on a three-stream basis.
The Kudu #2H is Lilis’s eighth successful operating horizontal Wolfcamp B well in the Permian’s Delaware Basin. The Kudu #2H’s 4,935 ft. lateral was completed with 25 stages of 200 ft. plug-to-plug spacing with approximately 2,006 lbs. of sand per ft. The Kudu #2H continues the trend of Lilis producing some of the highest IP rates in the basin, based on an IP per 1,000 ft.
Lilis is also currently flowing back two additional wells and has two wells awaiting completion, including a Wolfcamp B in the eastern portion of its Texas acreage and a Wolfcamp XY in the western portion of its Texas Acreage. As recently discussed, the drilling program in 2018 will focus on the delineation of our acreage, both geographically and geologically.
About Lilis Energy, Inc.
Lilis Energy, Inc. is a San Antonio-based independent oil and gas exploration and production compan that operates in the Permian’s Delaware Basin, considered amongst the leading resource plays in North America. Upon closing of the Acquisition, Lilis’s total net acreage in the Permian Basin is expected to be over 19,000 acres. Lilis Energy’s near-term E&P focus is to grow current reserves and production and pursue strategic acquisitions in its core areas. For more information, please visit www.lilisenergy.com.