May 23, 2018 / 10:16 AM / 6 months ago

BRIEF-Lilis Energy Says Salt Creek Midstream, Co Entered Into Option Agreement

May 23 (Reuters) - Lilis Energy Inc:

* LILIS ENERGY SAYS SALT CREEK MIDSTREAM, CO ENTERED INTO OPTION AGREEMENT - SEC FILING

* LILIS ENERGY - GRANTED OPTION TO SCM TO PROVIDE CERTAIN MIDSTREAM SERVICES RELATED TO NATURAL GAS IN WINKLER, LOVING COUNTIES, LEA COUNTY

* LILIS ENERGY INC - OPTION AGREEMENT HAS A TERM COMMENCING MAY 21, 2018 AND TERMINATING JANUARY 1, 2027, PURSUANT TO ITS ONE-TIME OPTION

* LILIS ENERGY - AS CONSIDERATION FOR OPTION, SCM SHALL INITIATE PAYMENT OF $35 MILLION TO CO Source text: (bit.ly/2kgUl9n) Further company coverage:

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