Affiliates of The LeFrak Organization own interests in approximately 860 on-shore producing oil and gas wells with a significant proven reserve base. These related companies are currently active in the Gulf Coast, Midcontinent and Williston Basin areas. As non-operators seeking to diversify exposure geographically and across multiple operating partners, energy affiliates of The LeFrak Organization consider and analyze purchases of additional proven properties with strong production and substantial exploitation possibilities.
The company currently is focusing on on-shore U.S. and Canadian assets and prefers to acquire non-operated properties. The firm is partial to acquisitions weighted towards oil production versus natural gas. Ideal acquisitions fall in the $5 million to $50 million range, but transactions of up to $200 million would be considered.
Affiliates of The LeFrak Organization that own working interests include: Logo Inc., Logo Energy LLC, Woodmere Energy LLC and LeFrak Energy Investors, LP.