TOP 10 PRIVATE GAS PRODUCERS
Rank Company Gas (Mcf)
1 2 Chief Oil & Gas LLC 277,921,799
2 1 Hilcorp Energy Co. 267,631,825
3 4 Samson Investment Co. 169,887,045
4 6 Merit Energy Co. 109,365,170
5 5 Mewbourne Oil Co. 86,552,567
6 3 LLOG Exploration Co., LLC 72,748,038
7 18 J-W Operating Co. 64,279,156
8 7 Yates Petroleum Corp. 60,716,462
9 11 Templar Energy LLC 53,866,311
10 22 Indigo Minerals LLC 48,513,758
TOP 10 PRIVATE LIQUIDS PRODUCERS
Rank Company Liquid (bbl)
1 3 LLOG Exploration Co. 22,641,363
2 5 Mewbourne Oil Co. 13,214,195
3 1 Hilcorp Energy Co. 12,250,280
4 8 Petro-Hunt Group 10,369,711
5 14 Citation Oil & Gas Corp. 9,920,067
6 17 Slawson Exploration Co. Inc. 9,381,907
7 15 Hunt Oil Co. 8,913,273
8 10 Endeavor Energy Resources LP 8,462,311
9 7 Yates Petroleum Corp. 8,393,481
10 6 Merit Energy Co. 7,960,013
Private company update
MIKAILA ADAMS, EDITOR – OGFJ
INDEPENDENT RESEARCH firm IHS has provided OGFJ with
updated production data for the OGFJ100P periodic ranking of
US-based private E&P companies. The rankings are based on operated production only within the US.
Comparing the Top 10 lists from the previous OGFJ100P installment in January to the current lists, the rankings remain fairly
static. All ten private gas producers in the previous list retain their
positions. And, by dropping two spots from its previous No. 2 position in the January list of top private liquids producers, Petro-Hunt
Group was the biggest mover (albeit downward) in the segment.
Mewbourne Oil Co. moved up one spot in the Top 10 liquids producer list, as did Hilcorp Energy Co. The two now rest at No. 2 and
No. 3, respectively. Looking at the Top 10 overall by production
(BOE), the companies continued to produce, but the rankings
remain similar to those in the January issue. The biggest movement
in either direction was Sheridan Production Co. LLC, which moved
down two spots from rounding out the Top 10 by BOE in January
to its current seat at No. 12.
There were a few notable transactions in the private company
space since the January installment. In late February, Upstream
Exploration LLC announced its acquisition of substantially all of
the assets of Century Exploration LLC and Century Exploration
Houston LLC. Upstream’s operations will be focused primarily in
the shallow waters of the Gulf of Mexico, offshore Louisiana, and
along the US Gulf Coast in Louisiana and Texas. The company will
also own producing properties and leasehold interests in Oklahoma
and Nebraska. Upstream is owned 100% by Highbridge Principal
Strategies’ managed funds.
Upstream has retained the majority of the Louisiana-based
employees of Century Exploration and its corporate headquarters
will be in Metairie, Louisiana. The management team is led by
Michael Willis, president, and includes Mark Wojna, vice president
exploration; Harvey Kelley, vice president operations; and Tony
Richards, vice president engineering. Upstream currently has 21
employees in its Metairie offices.
Another private company, KJ Energy LLC, acquired interests in
oil and gas wells in East Texas and North Louisiana. The Houston,
TX-based company closed on the acquisition of the producing
assets on February 29. The properties include 329 oil and gas wells
and associated facilities located primarily in the Brachfield, S.E.,
Minden and Angie Fields in Rusk, Panola, Shelby, San Augustine
and Nacogdoches counties, Texas; and Vernon, Ada and Bryceland,
West Fields in Webster, Jackson and Bienville parishes, Louisiana.
KJ Energy LLC is an oil and gas operator that specializes in the
acquisition, production, development and optimization of mature,
legacy oil and natural gas assets in the US onshore market.
Earlier, in January, Krewe Energy LLC, a privately held E&P
company based in Covington, Louisiana, completed an acquisition
of 100% of Castex Energy’s interest in the Lapeyrouse Field located
in Terrebonne Parish, Louisiana. Castex Energy comes in at No.
26 in this installment of the OGFJ100P. Simultaneous to the Castex
Energy transaction, Krewe Energy acquired additional non-operated
working interests within the Lapeyrouse Field to further consolidate
its ownership of the field.
The Lapeyrouse Field, a vintage South Louisiana property which
has been actively producing since the early 1940s with cumulative
production to date of over 600 billion cubic feet of gas equivalent,
is now being operated by Krewe Energy’s operating entity, S2 Energy
In conjunction with the Lapeyrouse Field acquisition, Krewe
Energy also acquired Castex Energy’s interest in the Little Temple
Field located in Jefferson Parish, Louisiana.