Encore Energy Concludes Gulf Coast, Wyoming Acquisitions

Bought nonop WI in assets on TX & LA Gulf Coast, gaining 430 BOE/d, 2.1 MMBOE proved.

Encore Energy Partners LP, Houston, (NYSE: ENP) has closed its acquisition of certain nonoperated working interests in mature producing oil and gas assets in the Texas and Louisiana Gulf Coast area from an undisclosed seller for $47.6 million.

The assets feature approximately 83% oil and natural gas liquids reserves. Production is approximately 430 barrels of oil equivalent per day. Proved reserves are 2.1 million barrels equivalent (100% proved developed).