KJ Energy, LLC today announced the acquisition of oil and gas producing assets in East Texas/North Louisiana. The transaction closed on February 29, 2016.
The properties include 329 oil and gas wells and associated facilities located primarily in the Brachfield, S.E., Minden and Angie Fieldsin Rusk, Panola, Shelby, San Augustine and Nacogdoches counties, Texas; and Vernon, Ada and Bryceland, West Fields in Webster,Jackson and Bienville parishes, Louisiana.
"We are excited to announce today's transaction to acquire strategic target assets in East Texas and North Louisiana," said James Archer, President and Chief Executive Officer of KJ Energy, LLC. "We have great confidence in the potential of this property and the value-added skill set of our employees. It offers stable production with upside potential, low decline and lower risk drilling opportunities."
KJ Energy, LLC is a values-based oil and gas operator that specializes in the acquisition, production, development and optimization of mature, legacy oil and natural gas assets in the U.S. onshore market.