Arch Oil and Gas, LLC (Arch) Announces a Joint Venture with ZaZa Energy, LLC (ZaZa)PR Web
(PRWEB) July 11, 2012
Arch Oil and Gas, LLC (Arch) announces a joint venture with ZaZa Energy, LLC (ZaZa), a wholly-owned subsidiary of ZaZa Energy Corporation (NASDAQ Listed Company), to develop approximately 4,000 gross acres (3722 net acres as of this writing) located in Grimes County, Texas. In addition, ZaZa will be designated operator of the joint venture.
Grimes County, Texas is an oil and gas rich area containing stratigraphic zones such as the Woodbine/Eaglebine and the Eagle Ford. Louis Dorfman, Jr., Archs President and CEO said, We are very proud and fortunate to have a company like ZaZa operate and partner with Arch in this play. ZaZa is obviously at the vanguard on exploration, drilling and completion in the Eagle Ford and Woodbine/Eaglebine and we are excited about our future.
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