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One-Page Deal Sheet

Crimson Exploration to Sell Non-Core Louisiana Assets

Not Disclosed Crimson Exploration Inc.
AnnouncedJan 11, 2010
TypeProperty
Announced Date
January 11,2010
Close Date
December 28,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
8




Snapshot
Asset/Basin:
{"Gulf Coast"}
TargetZones:
{Hackberry,Miocene,O
Location
Region
Gulf Coast

Country
United States

State
Louisiana


Transaction Details:  Subscribe to see

Crimson Exploration Inc., Houston, has sold operated and nonoperated working interests in southwestern Louisiana to an undisclosed private seller for $7.8 million, representing an exit from the region.

The assets involve various producing wells, related production equipment and associated acreage in Allen, Cameron, Calcasieu and Jefferson Davis parishes. Production during third-quarter 2009 was approximately 2.9 million cubic feet of gas equivalent per day. The proved reserves represented approximately 7% of Crimson’s proved reserves as of the end of the third quarter 2009, the company…

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