June 14, 2018 - 9:00 AM EDT
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Krewe Energy Drills Successful Wells in Lake Long and Timbalier Bay Fields

COVINGTON, La., June 14, 2018 (GLOBE NEWSWIRE) -- 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 successful drilling of its Tuna Prospect – SL-328 #32 well, located in Krewe’s Lake Long Field, and the SL-192 #334 well located in Timbalier Bay field, both of which are in Lafourche Parish, Louisiana.

The SL-328 #32 was drilled as a directional well to a depth of 11,150 feet. The well was spud on May 8, 2018 and logged a total of 108 feet of oil and gas pay. The well is currently being dually completed with production commencing in early July.

In addition, the Company sidetracked the SL-192 #334 in its Timbalier Bay field and encountered 54 feet of oil and gas pay.  The sidetrack has been initially completed in the D-1 sand, with a production rate of 442 barrels of oil per day and 174 thousand cubic feet of natural gas per day on a 20/64 inch choke.

About Krewe Energy, LLC

Krewe Energy was formed in 2013 by its founders, Tom De Brock and Barry Salsbury, and engages in the acquisition, exploitation and development of oil and gas assets, with a specific focus on conventional production opportunities in the Gulf Coast area. Krewe’s equity partners include Sage Road Capital and Coral Reef Capital, with Legacy Texas Bank as its senior debt provider. 

For more information on the Company, please visit www.krewe-energy.com.

Contact:
Krewe Energy, LLC
Robin Frazier

Phone: 985-898-4912 x115
Email: [email protected]

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Source: GlobeNewswire (June 14, 2018 - 9:00 AM EDT)

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