Covey Park acquires Haynesville, Bossier assets

Affiliates of Covey Park Energy LLC a Dallas, Texas-based independent oil and gas exploration and production company, have acquired additional assets located in the Haynesville/Bossier shale areas of East Texas and North Louisiana.

The assets are located primarily in Panola, Nacogdoches, and San Augustine counties in Texas, and DeSoto, Bossier, and Sabine Parishes in Louisiana, and consist of approximately 139,000 gross and 90,000 net acres with average net production of 35 MMcf/day.

Covey Park now owns approximately 321,000 gross and 218,000 net acres of leasehold in Texas and Louisiana, with daily net production of approximately 325 MMcf/d expected for 4Q2016, and total proved reserves in excess of 2.5 TCF.

Covey Park was formed in June 2013 with an equity commitment from Denham Capital, an energy-focused global private equity firm with more than $8.4 billion of invested and committed capital across eight fund vehicles.

 

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

Whitepapers

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...