Leor Energy invests in Navasota Energy

Leor Energy LP, Houston, made a substantial equity investment in Navasota Resources Ltd. LLP, expanding Leor's position in the East Texas Deep Bossier gas play to 190,000 acres.

By OGJ editors
HOUSTON, June 5 -- Leor Energy LP, Houston, made a substantial equity investment in Navasota Resources Ltd. LLP, expanding Leor's position in the East Texas Deep Bossier gas play to 190,000 acres. Details were not disclosed.

Navasota Resources on May 10 acquired more than 9,000 net acres of undeveloped leasehold interests in East Texas from Gastar Exploration Ltd., Houston, for $68.2 million cash.

The acquired acreage in Robertson County is adjacent to Leor's Amoruso field. Leor had eight rigs running in the Deep Bossier play in late May (OGJ, Apr. 16, 2007, p. 38).

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