Krewe Energy LLC, a privately held oil and gas exploration and production company based in Covington, Louisiana, has received a new investment from Coral Reef Capital to recapitalize the company and further support its growth. Financial terms of the transaction were not disclosed.
Krewe Energy is engaged in the acquisition, exploitation and development of producing oil and gas fields, with a specific focus on conventional production opportunities within the shallow State waters of the Gulf of Mexico, inland marsh and onshore areas of South Louisiana and the greater Gulf Coast region. Krewe Energy operates and owns a 100% working interest in the majority of its existing assets. The company was formed in 2013 by its founders, Tom De Brock and Barry Salsbury, in partnership with Sage Road Capital.
Coral Reef Capital is a New York-based private investment firm that focuses exclusively on private equity investments in the natural resources sector, including oil & gas exploration and production, metals & mining, and related services.