Covey Park Announces Acquisition of Additional Haynesville and Bossier Assets

Covey Park Announces Acquisition of Additional Haynesville and Bossier Assets

Affiliates of Covey Park Energy LLC, a Dallas, Texas-based independent oil and gas exploration and production company, (“Covey Park”), announced today the acquisition of additional assets located in the Haynesville/Bossier shale areas of East Texas and North Louisiana.

The assets are located primarily in Panola, Nacogdoches and San Augustine counties in Texas, and DeSoto, Bossier, and Sabine Parishes in Louisiana, and consist of approximately 139,000 gross and 90,000 net acres with average net production of 35 mmcf/day.

As one of the largest acreage holders and producers in the Haynesville/Bossier shales, Covey Park now owns approximately 321,000 gross and 218,000 net acres of leasehold in Texas and Louisiana, with daily net production of approximately 325mmcf/day expected for 4Q2016, and total proved reserves in excess of 2.5 TCF.

SOURCE:  http://www.coveypark.com/press-releases.html

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