Lilis Energy, Inc. Announces Sales Results for the Fourth Quarter of 2017; Provides Capital Expenditure Guidance for 2018 and Production Guidance for 2018 and for March 2018
For the year, average daily production increased 350% year over year to 1,575 Boepd. Total production was 575,229 net Boe, an increase of 350% year over year.
The company provided capital expenditure and production guidance for 2018. For the year, the company expects D&C capital expenditure program of $100 million
For 2018, estimated 2018 exit rate production of 7,500 Boepd.
The company expects to reach 5,000 Boepd in production in March 2018, following the full installation of this midstream system.