COVINGTON, La.–(BUSINESS WIRE)–Krewe Energy, LLC, (“Krewe Energy” or the “Company”) a privately held oil and gas company based in Covington, Louisiana, announced today that it recently completed the acquisition of the remaining working interest in the Lapeyrouse Field, giving Krewe approximately 100% interest in the field.
The Lapeyrouse Field is a South Louisiana legacy property that has been actively producing since the early 1940’s. The Company made its initial entrance into the field at year-end 2015.
To date, Krewe’s detailed field study has uncovered a variety of work-over and recompletion opportunities in the field. The Company has since initiated an ongoing work-over program and production in the field has increased from a rate of less than 100 barrels of oil equivalent per day (Boepd) at the date of acquisition, to the current rate of 500 Boepd.
About Krewe Energy, LLC
Krewe Energy was formed by Houston, Texas-based Sage Road Capital together with Krewe Energy’s founders, Tom De Brock and Barry Salsbury. The Company engages in the acquisition, exploitation and development of oil and gas assets, with a specific focus on conventional production opportunities in South Louisiana.