Krewe Energy, LLC, (“Krewe Energy”) a privately held independent oil and
gas exploration and production company based in Covington, Louisiana,
announced today that it recently completed the acquisition of 100% of
Castex Energy’s interest in the Lapeyrouse Field located in Terrebonne
Parish, Louisiana. Simultaneous to the Castex Energy transaction, Krewe
Energy acquired additional non-operated working interests within the
Lapeyrouse Field to further consolidate its ownership of the field.
The Lapeyrouse Field is a vintage South Louisiana property which has
been actively producing since the early 1940’s with cumulative
production to date of over 600 billion cubic feet of gas equivalent. The
field is now being operated by Krewe Energy’s operating entity, S2
Energy Operating, and initial well-work is currently underway to
optimize and increase production rates in the field. In conjunction with
the Lapeyrouse Field acquisition, Krewe Energy also acquired Castex
Energy’s interest in the Little Temple Field located in Jefferson
Krewe Energy continues to focus on the growth and further development of
its existing asset base while also seeking additional acquisitions of
mature assets within its core operating area of the South Louisiana oil
and gas trend.
About Krewe Energy, LLC
Krewe Energy was formed in 2013 by its founders, Tom De Brock and Barry
Salsbury, in partnership with Houston, Texas-based Sage Road Capital.
Based in Covington, Louisiana, Krewe Energy engages in the acquisition,
exploitation and development of oil and gas assets, with a specific
focus on conventional production opportunities in South Louisiana.
For more information on the Company, please visit www.krewe-energy.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160125005562/en/
Copyright Business Wire 2016
Source: Business Wire
(January 25, 2016 - 11:00 AM EST)
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