ZaZa signs Eagle Ford joint venture


Zaza Energy (ZAZA -4.7%) agrees to jointly develop some of its assets in the Eagle Ford shale play with a unit of fellow Texas company Sabine Oil & Gas.

Sabine will carry 100% of the drilling and completion costs of two commitment wells and construction costs related to gathering and infrastructure in exchange for a 75% working interest in the acreage and in the Boening well.

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