Exploration & Production | Finance & Investing | Capital Markets | Private Equity Activity
BlueStone Natural Resources Stays Focus on Eaglebine in 2013
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BlueStone Natural Resources II, LLC has closed on six major transactions since its formation in February, increasing proved reserves to more than 100 BCF equivalent. In total, BlueStone Natural Resources II, LLC now operates more than 500 wells located in South Texas and the Barnett Shale, with net production of more than 25 million cubic foot equivalent per day. BlueStone Natural Resources II, LLC still has capacity for additional acquisitions utilizing both undrawn equity commitments and additional funding under its $200 Million credit facility with Wells Fargo Bank, N.A.
Additionally, BlueStone Natural Resources, LLC has continued development of its holdings in the Mossy Grove field located in Madison and Walker Counties in East Texas. A total of four vertical wells have been drilled…
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