Juneau Energy, LLC, a subsidiary of Leucadia National Corporation, has acquired oil and gas leases in the emerging East Texas Eagle Ford Shale, consisting of approximately 10,264 net acres primarily in Brazos and Burleson counties. The acquisition closed on September 17, 2014.
Brad Juneau, CEO, remarked, 'This acquisition represents meaningful, high quality acreage in the core area of the East Texas Eagle Ford, and we are excited about this premier addition to our leasehold portfolio. This transaction along with existing acreage provides a contiguous block of acreage in excess of 13,500 net acres and allows Juneau Energy to immediately begin and control the development process of these high value assets. With other non-contiguous acreage, Juneau Energy holds in excess of 15,000 net acres in the play.'