Lilis Energy, Inc. is an independent exploration and production company focused on the acquisition, development and extraction of unconventional oil resources in the Permian Basin of West Texas and Southeastern New Mexico. The company holds a position of approximately 30,000 net acres of highly contiguous leasehold, primarily targeting the Wolfcamp and Bone Spring formations. Through its operated acreage, Lilis Energy seeks to optimize well placement and drilling techniques to deliver consistent production growth and maximize recovery from its assets.
Founded in 2013 and headquartered in The Woodlands, Texas, Lilis Energy has built its core operations around the Delaware Basin, one of the most prolific oil-producing regions in North America. The company’s integrated model combines in-house geoscience and engineering teams with contract drilling and completion partners to manage projects efficiently. Lilis leverages pad drilling, multi-stage fracturing and advanced reservoir modeling to drive down per-well costs and improve capital efficiencies across its acreage.
Over the years, Lilis Energy has navigated industry cycles by maintaining a flexible capital structure and pursuing strategic acreage acquisitions. In 2020, the company underwent a restructuring process to strengthen its balance sheet and emerged with a streamlined debt profile. Since then, management has remained focused on operational performance, cost control and disciplined investment in high-return drilling prospects.
Under the leadership of President and CEO Steven E. Manning, Lilis Energy emphasizes operational excellence and environmental stewardship. The executive team continues to explore efficiencies in water management, emissions reduction and infrastructure integration. As Lilis advances its development plan in the Permian Basin, the company aims to enhance shareholder value through sustainable production growth and carefully managed capital deployment.
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