KJ Energy acquires interests in 329 oil & gas wells in East Texas and North Louisiana

Source: KJ Energy, LLC

The properties include 329 oil and gas wells and associated facilities. The transaction closed on February 29, 2016.

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.

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 ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs