October 17, 2017 12:17 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Krewe Energy, LLC

Company Overview

Krewe Energy, LLC acquires, exploits, and develops oil and gas properties. The company was incorporated in 2013 and is based in Covington, Louisiana.

671 River Highlands Boulevard

Covington, LA 70433

United States

Founded in 2013

Key Executives for Krewe Energy, LLC

Co-founder
Compensation as of Fiscal Year 2017.

Krewe Energy, LLC Key Developments

Krewe Seeks Acquisitions

Barry Salsbury, Managing Partner of Krewe Energy, LLC said," Krewe continues to focus on the growth and further development of its existing asset base while also seeking additional acquisitions of mature assets within its core operating area of the Gulf Coast oil and gas trend.

Krewe Energy Acquires Timbalier Bay Field

Krewe Energy, LLC announced that it recently completed the acquisition of the Timbalier Bay Field located in Lafourche Parish, Louisiana. The Timbalier Bay Field is a vintage South Louisiana property discovered in 1938 by Gulf Oil Corporation and ranks as one of the State of Louisiana’s top ten fields based on cumulative production to date. With this acquisition, Krewe Energy adds 8,270 acres (100% held-by-production) and a significant amount of crude oil production to its South Louisiana holdings. Krewe Energy has successfully accomplished its goal of doubling the Company’s production rate by midyear 2017 and will be producing approximately 2,200 barrels of oil equivalent per day as a result of this transaction and now owns more than 15,000 leased acres in South Louisiana.

Krewe Energy Mulls Acquisitions

Krewe Energy, LLC is looking for acquisitions. The company intends to continue to aggressively identify and pursue additional opportunities around its current operational footprint in South Louisiana.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2017
Interests in Multiple South Louisiana Fields
Merger/Acquisition
July 12, 2017
Timbalier Bay Field
Private Placement
January 12, 2017
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