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
Permian Driller Lilis Files for Bankruptcy, Citing Coronavirus
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