ZaZa Energy Corporation has commenced drilling its first well in the Woodbine region of Texas (also known as the Eaglebine), an emerging resource play in the Eastern trend of the Eagle Ford.

The well is located on acreage acquired through a transaction with Range Texas Production, LLC (Range), a subsidiary of Range Resources Corporation (RRC), announced on March 29, 2012. Under the terms of the transaction with Range, ZaZa obtained a 75 percent working interest in the acquired acreage, became the designated operator, and has fulfilled its obligation to commence operations on the first well within the agreed upon timeframe.

Tags: ZaZa Energy