Tammany Oil & Gas LLC

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Description

Tammany Oil & Gas LLC has retained Lantana Oil & Gas Partners to sell its nonoperated interest in four producing fields in the Gulf of Mexico. The package includes a 38% working interest in the West Delta Block 27 Field, which is operated by Newfield Exploration and includes 27 proven reservoirs, 18,000 acres held by production with 10 producing wells and current daily production of 12 million cubic feet of gas and 372 barrels of oil per day. Tammany is also offering a 10% working interest in the Eugene Island Block 349, which is operated by NCX Co. LLC and includes 17 producing reservoirs with nine producing wells and current production of approximately 650 barrels of oil per day. The package also includes a 16% working interest in Mississippi Canyon Block 357, which is operated by Mariner Energy and includes a single producing well with one behind-pipe recompletion and current daily production of 2 million cubic feet of gas and 27 barrels of oil per day. Tammany will also offer a 23% working interest in the Matagorda Island blocks 605 and 606, which are operated by EOG Resources and include two producing wells and three future utility shut-in wells with current daily production of 2.3 million cubic feet of gas per day. For more information, contact David Nini or Andy Taurins, 713-426-9001.