Houston Team Represents OneEnergy Partners Operating and Carnelian Energy Capital in OEP's Entry Into Definitive Purchase and Sale Agreement

A Locke Lord team of Terry Radney and Mitch Tiras (all of Houston) represented OneEnergy Partners Operating, LLC (OEP) and Carnelian Energy Capital in OEP’s entry into a definitive purchase and sale agreement with Lilis Energy, Inc. to sell approximately 2,798 net acres in the Delaware Basin. The transaction is valued at $70 million, consisting of $40 million in cash and $30 million of Lilis’ common stock, and is expected to close in March 2018.
Posted February 7, 2018