One-Page Deal Sheet
Krewe Energy Acquires Coquille Bay Field Interest / Operatorship
Krewe Energy LLC Not Disclosed
Announced Date
September 26,2016
Close Date
September 26,2016
Transaction Type
Working Interest
Asset/Basin:
{"Gulf Coast"}
Location
Region
Gulf Coast
Country
United States
State
Louisiana
County
Plaquemines
Transaction Details: Require Private Equity Subscription
Krewe Energy has acquired 100% of a Private Owner’s interest in and Operatorship of the Coquille Bay Field located in Plaquemines Parish, Louisiana.
The Coquille Bay Field is a vintage South Louisiana property which has been actively producing since the early 1950’s. The field is now being operated by Krewe Energy’s operating subsidiary, S2 Energy Operating, and efforts are currently underway to further optimize and increase production rates in the field.
With this acquisition, Krewe Energy has meaningfully increased its daily oil production rate and achieved a sizeable step forward towards…
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