May 23, 2018 / 10:16 AM / 3 months ago

BRIEF-Lilis Energy Announces Crude Oil Gathering Agreement With Salt Creek Midstream, An Arm Energy Holdings' Affiliate

May 23 (Reuters) - Lilis Energy Inc:

* LILIS ENERGY ANNOUNCES CRUDE OIL GATHERING AGREEMENT WITH SALT CREEK MIDSTREAM, AN ARM ENERGY HOLDINGS’ AFFILIATE

* LILIS ENERGY - CONSTRUCTION OF PROJECT IS EXPECTED TO COMMENCE IMMEDIATELY WITH SERVICE TO BEGIN IN 2019

* LILIS ENERGY INC - ENTERED INTO CRUDE OIL GATHERING AGREEMENT WITH SALT CREEK MIDSTREAM, LLC, AN ARM ENERGY HOLDINGS’ AFFILIATE

* LILIS ENERGY INC - LILIS RECEIVED CASH CONSIDERATION IN EXCHANGE FOR GRANTING SALT CREEK OPTIONS TO PROVIDE CERTAIN NATURAL GAS MIDSTREAM SERVICES

* LILIS ENERGY INC - SALT CREEK’S SYSTEM WILL BE CONSTRUCTED, MANAGED AND OPERATED BY ARM MIDSTREAM MANAGEMENT, LLC, AN AFFILIATE OF ARM ENERGY Source text for Eikon: Further company coverage:

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