Louisiana: Sanchez to buy Catahoula Lake interest

By OGJ editors

Sanchez Oil & Gas Group will purchase the Catahoula Lake project in LaSalle, Rapides, and Grant parishes, La., from Pryme Energy Ltd., Brisbane.

Proceeds $1.625 million from the sale of its interest provides a modest profit over the carrying value of the project, Pryme Energy said.

Pryme Energy said funds from sale will help it focus on its flagship oil project at Turner Bayou, La., and pursue other exploration opportunities with greater prospectivity. Oil and gas sales from the LaSalle, Four Rivers, Raven, and Turner Bayou projects will continue to provide the company with reliable monthly income from production, the company said.

Related Articles

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

ExxonMobil, Linn to make second asset exchange this year

09/19/2014 ExxonMobil Corp. has agreed to trade interest in 500 net acres from South Belridge field near Bakersfield, Calif., to Linn Energy LLC, Houston, in ...

Wild Well completes second capping stack

09/18/2014 Wild Well Control Inc., a subsidiary of Superior Energy Services, has completed a subsea capping stack stationed in Singapore to serve the area dur...

Continental appoints president, chief operating officer

09/18/2014 Continental Resources Inc., Oklahoma City, has named Jack Stark as president and chief operating officer. He succeeds W.F. Bott, who stepped down f...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected