Velandera Energy is an oil and gas exploration and production company, with its oilfield in Lower Smackover Brown Dense shale in North Louisiana. The Company operates non-conventional, deep, vertical wells supported by hydraulic fracturing. The Company has 6 producing wells with current volume of ap…
Velandera Energy is an oil and gas exploration and production company, with its oilfield in Lower Smackover Brown Dense shale in North Louisiana. The Company operates non-conventional, deep, vertical wells supported by hydraulic fracturing. The Company has 6 producing wells with current volume of approximately 700 boepd. Its hydrocarbons are liquids rich, with 60% of revenue from crude oil, 20% from NGL and 20% from gas. The company has approximately 25,000 acres of mineral leases.
The company was formed in 2018 upon acquisition of North Louisiana assets from Southwestern Energy (NYSE: SWN). The assets were built with capital expenditure exceeding $100 million. The Company has 20 drill-ready sites supported by 3D seismic data. The Company is privately held.
Team (1)
Recent Transactions (1)
Velandera Energy
Oil and Gas Extraction, Support Activities for Oil and Gas Operations
acquired
Southwestern Energy (NYSE: SWN)
July 2018
Sectors Velandera Energy serves:
Energy & Utilities
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