Mustang Energy LC, CL&F Resources LP

Mustang Energy LC and CL&F Resources LP have retained Burks Oil and Gas Properties to sell operated working interests in Lake Long Field in southern Louisiana. The package includes 80.5% average working interest (60.4% average net revenue interest in 669 gross acres in Lafourche Parish. The assets include four producing wells. Net production is 3.7 million cubic feet and 75 barrels of oil per day. Net proved reserves are estimated to be 2.57 million cubic feet and 174,000 barrels of oil. Net cash flow is about $572,000 per month. Upside includes several behind-pipe zones and two identified drilling locations. The bid due date is Feb. 26. Contact Richard Klauzinski, 281-580-4590.