Bloomberg Law
Nov. 9, 2020, 1:10 AM

Lilis Energy Says Ameredev Texas to Buy Assets for $46.6M

Victoria Batchelor
Victoria Batchelor
Bloomberg News

Lilis Energy says, following a sale process and a competitive auction as part of its Chapter 11 process, Ameredev Texas has been named as the winning bidder to acquire substantially all of the company’s assets for a $46.6 million cash payment at closing.

  • The definitive purchase and sale agreement and form of sale order will be filed with the bankruptcy court no later than Nov. 9 at 5 p.m central time
  • NOTE: Permian Driller Lilis Files for Bankruptcy, Citing Coronavirus

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Victoria Batchelor in Sydney ...