ZaZa Energy Continues Laying Groundwork for Eagle Ford Growth

ZaZa Energy CEO Takes $1 Dollar Salary for Two Years
Eagle Ford & Eaglebine Map

Eagle Ford & Eaglebine Map | Click to Enlarge

ZaZa’s first quarter 2014 average combined production in the Eagle Ford (South Texas) and Eaglebine (East Texas) was 630 boe/d.¬†The company has re-focused its attention to the Eaglebine, after divesting¬†10,300 net Eagle Ford acres in July of 2013 to a subsidiary of Sanchez Energy for $28.8 million. Approximately 82% of ZaZa’s first quarter production came from the Eaglebine.

Read more: ZaZa Selling Eagle Ford Assets to Sanchez Energy For $28.8 Million

During the first-quarter, the company continued to position itself for growth across its portfolio. In May of 2014, ZaZa announced that its CEO, Todd Brooks, will be taking a salary of $1 dollar for the next two years.¬†During that time frame, Brooks’ compensation will consist of equity grants or other equity-related compensation.

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