Värde Partners, Inc. acquired 49% stake in certain undeveloped assets located in Winkler and Loving Counties, Texas from Lilis Energy, Inc. for $7.5 million.

Värde Partners, Inc. acquired 49% stake in certain undeveloped assets located in Winkler and Loving Counties, Texas from Lilis Energy, Inc. (AMEX:LLEX) for $7.5 million on July 31, 2019. The purchase price is subject to adjustments. Rahul D. Vashi, Lucas Edward Spivey, Lane E. Morgan and Jhett R. Nelson of Kirkland & Ellis LLP acted as legal advisor for Värde Partners, Inc. McCaleb (Mac) Marshall of Porter Hedges LLP acted as legal advisor for Lilis Energy, Inc.  Värde Partners, Inc. completed the acquisition of 49% stake in certain undeveloped assets located in Winkler and Loving Counties, Texas from Lilis Energy, Inc. (AMEX:LLEX) on July 31, 2019.