Krewe Energy, a Covington-based oil and gas exploration company, has completed the acquisition of 100 percent of JCG Energy Development Inc.’s interest in Little Lake Field in Jefferson Parish.
The field has been in production since the late 1940s. The deal means Krewe Energy now controls more than 2,000 acres and 35 wellbores within the field. Krewe also acquired JCG’s interest in Three Bayou Field in Jefferson Parish and other minor non-operating interests in the Little Lake Field.
The acquisitions bring Krewe’s overall net production rate to the equivalent of more than 1,000 barrels of oil per day.