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Adams Resources and Energy, Inc. (ARE), along with its subsidiaries, are engaged in the business of marketing crude oil, natural gas and petroleum products, tank truck transportation of liquid chemicals, and oil and gas exploration and production. Its
Baker Hughes, a GE company is utilizing passion and experience to take on the industry`s hardest oil and gas challenges. Our commitment is incomparable and is at the foundation of how we work. We cover every segment of the oil and gas industry as a fullstream company, including upstream, midstream, and downstream solutions. We think beyond traditional limits to revolutionize and collaborate with our customers. We are building a new energy industry by connecting equipment, data, and insights to unleash new levels of performance. Our digital industrial focus sets us apart and a digital breakthrough will help bring safer, more affordable energy to our planet. Our customers get consistent, high quality service and access to the latest, most effective technology. We navigate new markets and leverage global scale. We get better insights to make smarter decisions, improve manufacturing, and streamline supply chain for better performance. We are the game-changers with a legacy in revolutionizing the industry.
Frost Oil Co is a Van Buren, AR-based company in the Energy and Utilities sector.
Our purpose is to assist in fueling North America’s energy requirements guided by relentless focus on our six imperatives. Honesty, integrity and commitment are vital to driving our growth and success. We maintain a high standard of business practices which translate into unparalleled value for our shareholders. To achieve our mission, we will conduct our business with these six responsibilities in mind: obey the law, stimulate economic growth, be environmentally responsible, expand opportunities for our employees, respect our vendors, and reward our shareholders. To date, the main focus of the Company has been the acquisition of low cost assets with significant development potential. The Piqua project in Kansas had been lightly developed when acquired, and its low-cost drilling and solid financial return is providing a repeatable and low-risk facet of the Company’s growth strategy. Drilling to date has been 100% successful with an average 10 months to payout of drilling expenses incurred. Reserve valuations have increased from less than $1.0 million to almost $3.0 million in the two years the Company has owned the property. The Bakken lands in Divide County, North Dakota, carry a steep development cost with wells ranging from $6.0-$8.0 million each. As a result, Legend has monetized the acreage while retaining a royalty interest, which allows the Company to continue to participate in the revenue generated through the drill bit, without any additional cost incurred. The royalty continues on the land indefinitely. As drilling on the acreage is still some time away due to priorities of the majority owners, the conversion of our interest to a royalty for Legend is currently unpredictable. Legend will participate in the revenue stream when the wells get drilled. As a non-operator, Legend will utilize the expertise and logistical capabilities of larger companies, without encumbering its balance sheet with expensive rig contracts and extraneous expenses. Legend’s Canadian acquisition affords it the opportunity to enjoy a stable production base coupled with an abundance of undeveloped land with access to a number of low-risk oil development projects. Although the Company has sold a number of smaller production properties, it still maintains a high working interest and solid production and revenue on its remaining assets. Due to saturated drilling around the Company’s Swan Hills property, reserves were drained before Legend could drill a well there. The Company was however able to monetize the small land position for a value in excess of $200,000 per flowing barrel.
Hunting plc is a British-based supplier to the oil and gas industry.