SOURCE: Spicewood Energy Management, LLC
SPICEWOOD, TX--(Marketwired - Feb 18, 2014) - Spicewood Energy Management, LLC (SEM) announced on January 23rd the closing of Spicewood Energy Fund II, LP. This partnership, which officially closed on December 30, 2013, was structured for the purpose of providing its investors with year-end IDC tax write offs and will solely participate in the drilling of wells via non-operated working interest. SEM has since placed partnership funds into numerous prospects throughout Texas and Louisiana.
"We are pleased to announce our involvement in a South Louisiana prospect with PetroQuest Energy, Inc. PetroQuest has been drilling and developing oil and gas prospects in the East Texas and South Louisiana areas for many years. We believe their success is largely due to their commitment of staying close to their roots and in areas of which they are familiar," stated Waylan Johnson, President of SEM. He further stated, "We are very excited to be a part of the current project and look forward to further aligning our partnerships with their future prospects."
SEF II has signed numerous exploration agreements acquiring non-operated working interest in several wells to date. Drilling operations are currently underway on several of these prospects.
For further information regarding topics discussed in this article, please contact Spicewood Energy Management, LLC via their Investor Relations Department: (512) 610-0552 or visit www.SpicewoodEnergy.com where you can join the SEM (corporate) Mailing List and receive up to date information on SEM activities, including all SEM Press Releases.
Emails may be directed to Info@SpicewoodEnergy.com
Spicewood Energy Management, LLC (SEM) is a Texas based oil and gas company that has offices located in Spicewood, Texas and Port Aransas, Texas. SEM will manage oil and gas investments through multiple limited partnerships, which will be formed in the state of Texas and filed pursuant to Blue-Sky filings. SEM announced the formation of its first partnership, the Spicewood Energy Fund I, LP (SEF1) in February 2012.
SEF1 provides investors the opportunity to largely diversify their portfolio by investing in a Limited Partnership which will engage in all aspects of oil and gas exploration, development and production. SEFI is structured so that within a single investment, an investor will have the ability to acquire working interest in drilling projects, producing mineral interest and proprietary seismic data as well as develop leasehold acreage, pipelines, gas gathering processing systems, and commercial salt water disposal, all at a ground floor entry point.
Duff & Phelps, a leading global financial advisory and investment banking firm, has completed an independent due diligence report on SEM and SEMF1. This comprehensive research report is available to RIA and family office due diligence analysts.
Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of SEM or Spicewood Energy Fund 1, LP (SEM). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the SEM website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the SEM Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the SEM Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Spicewood Energy Fund 1, LP., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and SEM activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. SEM does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.