Houston’s Viking Adds Texas, Louisiana Assets

January 3, 2019

 

Viking Energy Group has closed on its buy of producing oil and gas assets in Texas and Louisiana.

The Houston company’s acquisition includes a majority working interest in a number of oil and gas fields, including 58 conventional wells in Texas — most of them in Jefferson and Orange counties — and primarily in Calcasieu Parish, Louisiana.

Thirty-five salt water disposal wells are included.

The new Viking assets are now under control and operation of its subsidiary, Petrodome Operating, LLC, which says it intends this year to survey the property for increased development.

James Doris, Viking’s President & CEO, said he sees the acquisition as “large, from both a monetary and production standpoint, relative to the size of our company immediately prior to closing, but it is merely a small step within a more comprehensive long-term acquisition and growth strategy.”