Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports

ZaZa Reports Losses, but Maintains Eagle Ford Growth

printPrint    |   
ZaZa Reports Losses, but Maintains Eagle Ford Growth

ZaZa Energy 2Q13 Operational Update

Production

Eagle Ford Total Production:

Gas: 39797 Mcf Oil: 23672 Bbls Equivalent: 30305 BOE
Eagle Ford Strategy

"The strategy we initiated during the negotiations of our Division of Assets Agreement with our former joint venture partner was to obtain as much value as possible. This was achieved by negotiating for an $84 million cash payment and by negotiating for maximum value through acreage assignment, which we could strategically monetize over time. ZaZa’s plan and focus have been constant since that negotiation: reduce our senior secured debt, rationalize and monetize our Eagle Ford assets, and develop and grow our production base and acreage block in the Eaglebine/Eagle Ford East. We continue to execute on and move forward with this plan. During…

Finish this article — free account or subscription
  • ✓  Full news archive — U.S., Canada & international coverage
  • ✓  A&D transactions — asset deals, corporate M&A, assets for sale
  • ✓  Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in


Gulf Coast - South Texas News