Precio ZaZa Energy Corp (ZAZA)

ZaZa Energy Corp. engages in the exploration and production of oil and gas assets. The company is headquartered in Houston, Texas and currently employs 20 full-time employees. The firm is focused on the exploration and production of unconventional and conventional oil and gas assets. The company operates primarily through joint ventures in the Eagle Ford East trend in East Texas and the Eagle Ford trend in South Texas. The company owns producing and non-producing oil and gas acreage in proven or prospective basins that are located in South Texas, including DeWitt and Lavaca counties and the surrounding region, and East Texas, including Houston, Leon, Madison, Grimes, Walker, Trinity and Montgomery counties and the surrounding region. The firm's assets are located within the United States. The Madison-Walker-Grimes Development Area consists of approximately 130,000 gross acres of the East Texas joint venture and is operated by EOG Resources, Inc. (EOG). The firm holds an approximately 21% working interest in this area. The Houston-Trinity-Leon Development Areas consist of approximately 10,000 net acres.