Krewe Energy acquires additional interest at Lapeyrouse Field

Krewe Energy LLC, a privately held oil and gas company based in Covington, Louisiana, recently completed the acquisition of the remaining working interest in the Lapeyrouse Field, giving Krewe approximately 100% interest in the field. In January, the company completed the acquisition of 100% of Castex Energy’s interest in the field.

The Lapeyrouse Field, located in Terrebonne Parish, Louisiana, has been actively producing since the early 1940s. Krewe Energy made its initial entrance into the field at year-end 2015.

To date, Krewe’s detailed field study has uncovered a variety of work-over and recompletion opportunities in the field. The company has initiated an ongoing work-over program and production in the field has increased from a rate of less than 100 barrels of oil equivalent per day (Boepd) at the date of acquisition, to the current rate of 500 Boepd.

Krewe Energy was formed by Houston, Texas-based Sage Road Capital together with Krewe Energy’s founders, Tom De Brock and Barry Salsbury. The company engages in the acquisition, exploitation and development of oil and gas assets, with a specific focus on conventional production opportunities in South Louisiana.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...