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PS - Lilis Energy Highlight - February 5, 2020
Lilis Energy brought in a new operational team to work on its northern Delaware Basin assets in 2H19. The result has been very meaningful efficiency improvements. In Q3, average drilling days (spud to TD) for longer laterals was reduced to 17 days from 45. Drilling cycle times were cut by “incorporating oilbased drilling mud, utilizing a higherquality rig and better downhole tools and configuration,” interim CEO Joseph Daches said. Recently, Verde Partners made a......
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