Two private E&P firms are
combining part of their acreage
positions in the Louisiana portion
of the Austin Chalk trend into a JV
covering 120,000 net acres in Allen,
Avoyelles, Beauregard, Rapides
and Vernon parishes, primarily in
the legacy Masters Creek field.
Prime Rock Resources and New
Dawn Energy also established an
area of mutual interest in which to
jointly pursue additional acquisitions
targeting the fledgling oil and gas play.
The partners plan to begin drilling the
JV acreage in......
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