ZaZa Energy Acquires Eaglebine Acreage From Range Resources

Total Acreage Prospective for the Eaglebine is 144,000 Gross (89,000 Net) Acres

ZaZa Energy completed an acquisition in March from Range Resources that expanded the company’s Eaglebine position to almost 90,000 net acres. The company basically doubled its gross acreage in the play from 83,000 to 144,000 gross acres through the acquisition. ZaZa will operate the acreage and is require to make two undisclosed payments and drill one well under terms of the deal. [Read more…]