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
Sales Manager - Safety Relief Valves
Expertise: Business Development|Sales
Location: Houston, TX
 
Staff Auditor 2
Expertise: Business Analyst|Risk Management
Location: TX
 
United States Conroe: Product Champion
Expertise: Business Development|Marketing|Sales
Location: Conroe, TX
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours