J-W Energy subsidiaries announce oil and gas agreements in November

J-W Energy subsidiaries announce oil and gas agreements in November

J-W Operating Company, a wholly owned subsidiary of J-W Energy Company, announced Nov. 20 it acquired oil and gas properties in Northern Louisiana from BHP Billiton.

The purchase agreement includes assets located in the Elm Grove and Caspiana oil and gas fields, 700 active wells in the Cotton Valley formation, as well as about 1,200 wellbores with their associated gathering lines and compressor facilities. It does not include BHP's unconventional oil and gas assets in the Haynesville Shale.

The wells already producing oil and gas will immediately add to J-W Operating Company's current output.

Another subsidiary of J-W Energy Company announced good news in November. J-W Wireline Company signed an agreement to be acquired by FTS International, one of the largest well completion service businesses in North America, according to the press release. J-W Wireline Company will dramatically increase FTSI's capacity and extend service throughout the Permian Basin, Eagle Ford, Marcellus, Utica, Haynesville and other shale regions.

"We look forward to becoming part of the FTSI team and believe this combination provides improved opportunities for our employees and expanded solutions for both J-W Wireline and FTSI customers," said J-W Wireline President Perry Harris, according to the release.

More information on oil and gas in Louisiana can be found at PennEnergy's research area.  

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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs