New Stream Capital Finances Oil/Gas Leases in TX


Liberty County, Texas
(Click to Enlarge)

New Stream Capital has provided financing of approximately $16 million backed by oil and gas leases covering 2,500 acres in Liberty County, Texas. The leases include 13 producing wells, nine behind-pipe recompletions and five proved undeveloped drilling locations valued at more than $30 million. Current gross production from these properties is approximately 650 barrels of oil and 22 MMCF of natural gas per day.

Donald Porter, Managing Partner of New Steam Capital, said: "This is another transaction that reflects the strength of New Stream's core competency as a secured lender. The deal helps illustrate New Stream Capital's distinctive value proposition compared to traditional and equity-based sources of financing."

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Products Market Risk Analyst
Expertise: Financial Analyst|Risk Management
Location: Houston, TX
 
United States Houston: Account Rep, Bus Dev
Expertise: Business Development|Marketing|Sales
Location: Houston, TX
 
General Manager US
Expertise: Business Development|Executive|Technical Manager
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
Updated in last 24 hours