Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/luxe-energy-acquires-initial-assets-of-approximate.shtmlLuxe Energy acquires initial assets of approximately 18,000 net acres in Delaware Basin
Luxe Energy LLC has acquired certain undeveloped acreage and producing oil and gas properties located in Reeves and Ward Counties, TX from two separate sellers,
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Luxe Energy LLC has acquired certain undeveloped acreage and producing oil and gas properties located in Reeves and Ward Counties, TX from two separate sellers, Endeavor Energy Resources, L.P. and Finley Resources, Inc., for an undisclosed amount.
Combined Acquisition Highlights:
Approximately 18,000 net acres in the core of the Delaware Basin
Majority operated with high average working interest
Contiguous acreage enables long lateral drilling locations resulting in premium well economics
Current net production of approximately 1,000 boe/d
Opportunity to design, construct and operate midstream infrastructure
