Lilis Energy names Ameredev Texas winning bidder for all assets

By Sarah Lizee

Olympia, Wash., Nov. 9 – Lilis Energy, Inc. named Ameredev Texas LLC as winning bidder for substantially all of its assets for a $46.6 million cash payment at closing, according to a Monday press release.

A sale hearing is scheduled for Nov. 13.

Subject to court approval, the transaction is expected to close next month.

Lilis is a Fort Worth-based independent oil and gas exploration and production company that operates in the Permian’s Delaware Basin. The company filed bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas on June 28 under Chapter 11 case number 20-33274.

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