Lilis Energy (LLEX) Files Chapter 11

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Go back to Lilis Energy (LLEX) Files Chapter 11

Lilis Energy Voluntarily Files for Chapter 11 Bankruptcy

June 29, 2020 7:00 AM EDT

FORT WORTH, Texas, June 29, 2020 (GLOBE NEWSWIRE) -- Lilis Energy, Inc. (NYSE American: LLEX) (the Company), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that it has filed petitions under Chapter 11 of the United States Bankruptcy Code to initiate voluntary cases in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the Court).

The Chapter 11 petitions were filed in accordance with a Restructuring Support Agreement (the RSA) entered into among the Company and certain of its... More