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March 20, 2014
08:08 EDTZAZAZaZa closes third transaction for Eaglebine, Lower Cretaceous asset development
ZaZa Energy announced that it has closed the previously announced third transaction with its joint venture partner to further develop its Eaglebine/Lower Cretaceous assets in the Eagle Ford East. Pursuant to the terms of the Phase III Amendment, ZaZa received a total of approximately $15M in cash and carry consideration and an additional two well drilling commitment. ZaZa’s JV partner has now elected into all of the company’s acreage in the joint venture.
News For ZAZA From The Last 14 Days
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February 25, 2015
07:09 EDTZAZAZaZa Energy updates on East Texas lower cretaceous operations
ZaZa Energy (ZAZA) announced 30-Day production results from its East Texas Colburn #3H horizontal well in Walker County, Texas and the proposal of two new Buda-Rose vertical wells in its vicinity. The Colburn #3H has achieved 24-hour peak production of approximately 808 boe/d, with NGLs, which includes 70 b/d of 53 API oil, 2,860 mcf/d of natural gas, and 262 NGLs b/d. Over the first 30 days of production, average three-stream production for the Colburn #3H was approximately 585 boe/d, consisting of about 250 b/d of liquids and 2,021 mcf/d of natural gas. The Colburn #3H is operated by EOG Resources (EOG), with ZaZa holding a 25% working interest.

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