Strand Energy LLC

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
MM
Description

Strand Energy LLC has retained The Oil & Gas Asset Clearinghouse midvalue negotiated unit to sell Louisiana, Texas and Gulf Coast properties. The Louisiana and Texas properties includes the Lucky and S. Carthage fields, which are company-operated and include net production from three wells of 762,000 cubic feet of gas and three barrels of oil per day. Upside potential exists with development drilling and potential for drilling down-spacing. The Louisiana properties include 94% working interest, while the Texas properties include 100% working interest. The Gulf Coast package includes a working interest in the Chapman and Howth fields with net production of 1.8 million cubic feet of gas and 130 barrels of oil per day from four wells. Upside exists with behind-pipe and development drilling. For more information, contact Cory Talash, 281-873-4600.