The Capital: Ziyen Energy has announced that it has acquired a fifth acquisition in exchange for ZiyenCoin.
This time acquiring an overriding royalty interest in the Bayou Star Energy’s, Lillie Young Well №1, located in Jefferson Davis Parish, Louisiana.Bayou Star Energy, LLC is an operator in the state of Louisiana specializing in conventional South Louisiana oil and gas properties. Their team of engineers has over 100+ years of experience in both conventional and unconventional oil and gas land, marsh, and offshore operations.David Greenberg, Chairman of Ziyen Energy, stated, “The overriding royalty interest we have acquired will provide the company with our first US dollar distributions from the ownership of oil production purchased in ZiyenCoins. This acquisition shows the industry’s confidence in Ziyen Energy’s efforts to tokenize oil and gas assets.”Geologist Michael Crabtree, commented, “Lillie Young Well №1 was logged on October 31, 2019 and tested at 288 BOPD (barrels of oil per day). We estimated reserves for the project to be 250,000 barrels of oil. The production facilities are being installed and production will begin in the next two months.”If you would like to learn more about Ziyen Energy and ZiyenCoin, then please email [email protected] or visit www.ziyen.com for more information.About Ziyen Energy.:Ziyen Energy. is a technology-driven energy company incorporated in the State of Wyoming, U.S.A. in April 2016. Originally formed as a software company providing information on the oil, gas, power and energy sectors, Ziyen specializes in business information, contracts, news, and information by developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. In addition, Ziyen Energy currently owns interests in oil assets based in Texas and the Illinois Basin, which covers Illinois, Indiana, and Kentucky. The equity of Ziyen Energy has been tokenized and issued as ZiyenCoin which is offered for sale as a Security Token pursuant to SEC Rule 506(c) of Regulation D.For more information visit www.ziyen.com.The Capitalhttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefZiyen Energy has announced that it has acquired a fifth acquisition in exchange for ZiyenCoin. was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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