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Sungro Minerals buys La. oil, gas interest

Keywords: Tags  Sungro Minerals, Grande Chenier field, Sigma Gamma Interests, oil, gas

NEW YORK — Sungro Minerals Inc. has bought a 28-percent oil and gas stake in the Grande Chenier field in Cameron Parish, La., from Sigma Gamma Interests LLC for $2 million, the company said Feb. 28.

"Sungro expects that in the next few weeks, it will assume the responsibility as the operator of record and contract with the necessary professionals to begin production on the Nunez 1 well," Johnston, R.I.-based Sungro said.

The field has an estimated value of more than $100 million, the company said.

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