- Business
- ZaZa Energy Corporation (ZAZA) operates as a small-cap independent oil and gas exploration and production company focused on unconventional and conventional resource plays in Texas. The company holds approximately 41,000 net acres in the Eagle Ford East Trend across Houston, Leon, Madison, Grimes, Walker, Trinity, and Montgomery counties in East Texas; and about 3,700 net acres in the Eagle Ford Trend in DeWitt and Lavaca counties in South Texas; with operations emphasizing joint ventures, horizontal drilling, and seismic data utilization in these shale plays. Headquartered in Houston, Texas, ZaZa Energy originated from the 2012 merger of ZaZa Energy, LLC (founded in 2008) and Toreador Resources Corporation, and maintains a lean staff of around 20 employees targeting proved fields for modest capital investments to enhance production and reserves. Recent activities include debt restructurings such as the 2014 conversion and extinguishment of $47.3 million and $50.1 million in subordinated notes through equity and preferred stock exchanges, alongside strategic farm-in arrangements and asset sales like non-core properties to support liquidity and Eaglebine joint venture drilling.