Perenco

NEW, Perenco has retained Randall & Dewey to sell all of its properties in West Texas, the Gulf Coast and the Gulf of Mexico, as a U.S. exit. The offering encompasses Perenco's operated properties (94% of wells operated with 93% average working interest), including TXL, with 246 wells on approximately 31,000 gross acres; Midland SW, with 29 wells on approximately 26,000 gross acres; and New Mexico, with three active wells on approximately 60,700 gross acres. The sale also includes Perenco's outside operated properties including Freshwater Bayou, with six active wells on approximately 3,200 gross acres; and various Gulf of Mexico fields with nine active wells. Production is 6,158 barrels of oil equivalent per day (57% oil). For more information, contact Kyle Guidry, 281-774-2000