New Dawn Energy, LLC and Mineral Resources Partners, LLC announce Exploration Agreement in South Louisiana
HOUSTON and THE WOODLANDS, Texas, Aug. 19, 2019 /PRNewswire/ -- Privately owned oil and gas exploration, and mineral companies New Dawn Energy, LLC ("New Dawn") and Mineral Resources Partners, LLC ("MRP") today announced an agreement to jointly explore and develop certain assets contributed by each company in south Louisiana, targeting unconventional and conventional reservoirs. The development area initially includes ~ 90,000 net mineral acres out of the ~120,000 net mineral acres owned by the companies and additional leased minerals located in Calcasieu and Beauregard Parishes. The companies' exploration teams have already developed projects within the initial AMI. The parties expect initial development under the agreement to begin during the fourth quarter of 2019.
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