Lilis Energy, Lucid Energy Group enter into long-term gas gathering, processing agreement
8/14/2017
SAN ANTONIO, Texas — Lilis Energy, Inc., an exploration and development company operating in the Permian Basin of West Texas, announced it has entered into a long-term gas gathering, processing and purchase agreement with an affiliate of Lucid Energy Group to support Lilis' active drilling program in the Permian's Delaware Basin.
Lucid will receive, gather and process Lilis' gas production from certain production areas located in Lea County, New Mexico and in Loving and Winkler counties, Texas. The agreement secures sufficient term and capacity for Lilis during its development and exploitation life cycle of the production areas committed to the new agreement.
Republic Development Partners, LLC, based in Houston, Texas consulted the Company.
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