Economics and Business Week
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EnergyQuest II, LLC
EnergyQuest II, LLC Announces Acquisition of South Louisiana Assets
May 12th, 2008
EnergyQuest II, LLC ("EnergyQuest") is pleased to announce the acquisition of certain South Louisiana properties from Clayton Williams Energy, Inc., with an effective date of March 1, 2008, for an aggregate purchase price of approximately $95 million.
This purchase expands the holdings of EnergyQuest along the Gulf Coast of Texas and Louisiana, the region in which the company will continue to primarily focus and is currently pursuing additional acquisition opportunities.
EnergyQuest II was formed by the former principals of EnergyQuest Resources, LP after they successfully divested the assets of EnergyQuest Resources in the first half of 2007 for over...
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Source: Economics and Business Week (2008-05-12)