Juneau Energy, LLC, a subsidiary of Leucadia National Corporation, announced the acquisition of oil and gas leases in the emerging East Texas Eagle Ford Shale, consisting of approximately 10,264 net acres primarily in Brazos and Burleson counties. Neither the buyer, nor the purchase price for the acreage were disclosed in a company press release from mid September of this year.
“This transaction, along with the existing acreage provides a contiguous block of acreage in excess of 13,500 net acres and allows Juneau Energy to immediately begin and control the development process of these assets.”
With other non-contiguous acreage, the company holds in excess of 15,000 net acres in the Eagle Ford Shale play. The acquisition closed on September 17, 2014.
Juneau is a privately held acquisition and development company, with assets in East Texas and Oklahoma.
Other Recent East Texas Eagle Ford Developments
In July, Denver-based Hawkwood Energy, announced its entrance into the Eagle Ford with the acquisition of producing and non-producing assets in East Texas.
Read more: Hawkwood Energy Acquires East Texas Eagle Ford Acreage
And in June, Comstock Resources Inc. announced the results of its first well drilled in its East Texas Eagle Ford Shale acreage in Burleson County, TX.
The Henry A #1H test well had a peak 24-hour average production rate of ~1,267 boe/d, with a ~80% oil cut. The well was drilled to a vertical depth of 9,514 feet, and had a 6,841 foot completed lateral which was stimulated with 17 stages and 10.2 million pounds of proppant.
Read more: Comstock Reveals Results from First East Texas Eagle Ford Well
Read more at juneauenergy.com