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A&D - Lilis sells Delaware minerals & acreage to Sweden’s Värde - August 2019
Delaware Basin pure-play Lilis Energy struck two deals totaling $22 million to sell assets in the Delaware basin to portfolio companies of Sweden-based private equity firm Varde Partners. In a $14.5 million transaction, Lilis is selling of overriding royalty interests amounting to 1,446 net royalty acres in Winkler and Loving counties, Texas, and Lea County, New Mexico, to Winkler Lea Royalty LP. The ORRI is equal to the difference between 25% and existing royalties......
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