Vine Oil & Gas, GEP Haynesville exchange basin assets

Vine Oil & Gas and GEP Haynesville exchanged non-operated Haynesville basin working interests in the majority of Vine and GEP’s joint venture assets in Red River, DeSoto, and Sabine parishes in northwestern Louisiana.

Vine Oil & Gas LP, Plano, Tex., and GEP Haynesville LLC, The Woodlands, Tex., exchanged non-operated Haynesville basin working interests in the majority of Vine and GEP’s joint venture assets in Red River, DeSoto, and Sabine parishes in northwestern Louisiana.

The exchange unwinds a portion of the joint venture area of mutual interest and allocates to each party the entirety of the future development. For the past 2 years, the companies worked together to implement enhanced completion techniques.

Vine and GEP continue to share joint ownership in 50 producing wells that were brought online in 2015 and 2016, and which were excluded from the exchange.

GEP Haynesville is a partnership formed by GeoSouthern Haynesville LP and funds managed by GSO Capital Partners LP.

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