Louisiana

Saratoga Resources Inc., Houston, signed a 20-year license agreement with Seismic Exchange Inc., Houston, for 42.88 blocks of 3D seismic covering 400 sq miles in Louisiana state waters.

By OGJ editors
HOUSTON, May 24
– Saratoga Resources Inc., Houston, signed a 20-year license agreement with Seismic Exchange Inc., Houston, for 42.88 blocks of 3D seismic covering 400 sq miles in Louisiana state waters.

The data will allow Saratoga to better develop its Main Pass and Breton Sound assets, where the company recently completed field studies, and to explore for shallow Pliocene gas and deep and ultradeep gas objectives on the shelf similar to the Davy Jones and Blackbeard discoveries (OGJ, Apr. 12, 2010, p. 31).

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