Vernon Field

When did Exco sell its Vernon Field in Jackson Parish to Compass Energy Operating?

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Permalink Reply by North LA on September 29, 2014 at 4:02

I think compass energy is still owned by exco.

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Permalink Reply by jkw3 on September 30, 2014 at 11:37

EXCO spun off it's "conventional" assets (vertical wells) in LA and TX in 2013 into a master limited partnership (EXCO/HGI JV Assets, LLC), sold 75% of the ownership to institutional partners, but still operated the properties. The MLP was renamed Compass Energy Operating in mid-2014.

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Permalink Reply by john goodday on September 30, 2014 at 11:55

And there's the explanation - Thanks!

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About As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More	Links About General Info Guidelines Supporters Donate Advertise Subscriptions Contact us

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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