This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Energy & Exploration Partners, Inc. Announces Woodbine/Eagle Ford Acquisition From Chesapeake Energy Corporation

FORT WORTH, Texas, April 15, 2013 /PRNewswire/ -- Energy & Exploration Partners, Inc. ("ENXP"), announced it has acquired 57,275 net acres and 11 producing wells in the Woodbine/Eagle Ford play in East Texas from a subsidiary of Chesapeake Energy Corporation.  In connection with the transaction, Energy & Exploration Partners issued senior unsecured notes to Highbridge Principal Strategies and Apollo Investment Corporation (NASDAQ: AINV). 

(Logo; http://photos.prnewswire.com/prnh/20121025/LA00256LOGO)

"Energy & Exploration is pleased to have partnered with Highbridge and Apollo to acquire Chesapeake's Woodbine acreage," said Hunt Pettit, Founder and CEO of Energy & Exploration Partners. "We plan to commence a two-rig drilling program on the acreage acquired from Chesapeake."

The Woodbine/Eagle Ford play in East Texas is an emerging unconventional resource play with multiple prospective targets, including the Woodbine sandstone, Eagle Ford shale and Lower Cretaceous formations of the Buda, Georgetown, Edwards and Glen Rose.   

Energy & Exploration Partners owns an additional 14,600 net acres in the Woodbine / Eagle Ford play.  A 330 square mile 3D seismic acquisition is underway over the majority of the acreage owned by the company in Madison and Grimes Counties, Texas.

This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements involve certain risks and uncertainties, including, among others, risks impacting the ability of ENXP to complete any public offering of its securities because of general market conditions or other factors. ENXP undertakes no obligation to publicly update or revise any forward-looking statement.

About ENXP

Energy & Exploration Partners is a private, independent Fort Worth, Texas based company with interests in oil and gas wells and properties in Texas and the Rocky Mountains of the US.

Contact:Energy & Exploration Partners, Inc. Brian C. NelsonExecutive Vice President and Chief Financial Officer(817) 484-4733

SOURCE Energy & Exploration Partners, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,057.73 -77.99 -0.43%
S&P 500 2,095.11 -5.93 -0.28%
NASDAQ 4,978.6090 -4.20 -0.08%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs