Welcome to CRWENewswire, Stocks to Watch. I am Shalika Jayasekera
Energy Partners Limited - symbol EPL -, an independent oil and natural gas exploration and production company, reported the closing of the transaction to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico, in the Main Pass area, from a subsidiary of Stone Energy Corporation.
As a result, Energy Partners' working interest in the Main Pass complex post-acquisition has been increased from approximately 33% to 50% in non-unitized areas and from approximately 13% to 43% in the unitized area within the Main Pass complex.
As of November 1, 2011, the company estimates that the Acquired Main Pass Interests had proved reserves of approximately 1.3 million barrels of oil equivalent, of which 96% were oil and 100% were proved developed producing reserves.
Thanks for joining me and have a great day! For CRWE Newswire, Stocks to watch, I'm Shalika Jayasekera
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. crwenewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer (Read more at http://www.crwenewswire.com/disclaimer) is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold crwenewswire.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period.