BNET Industries
Last Fiscal Year Sales:$158.7M
- Public
- US
Dow Jones Description
Edge Petroleum Corporation (Edge, we or the Company) is a Houston-based independent energy company that focuses its exploration, development, production, acquisition and marketing activities in selected onshore basins of the United States. In late 1998, we undertook a top-level management change and began a shift in strategy from pure exploration, which focused more on prospect generation, to a strategy which focused on a balanced program of exploration, exploitation and development and acquisition of oil and natural gas properties. In late 2007, in an attempt to enhance shareholder value we began to assess our strategic alternatives and have subsequently expanded this process to include a further evaluation of both our financial and strategic alternatives in late 2008 and continuing into 2009. Our current primary focus is on capital preservation and resolving the uncertainty and challenges we face.
Chairman, President and CEO
John W. EliasNumber of Employees 57
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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Edge Petroleum Announces Results for Third Quarter Of 2009
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Catsimatidis To Buy Chaparral Energy
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UPDATE 2-Edge Petroleum files for Ch 11, to sell assets
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Edge Petroleum to delist from NASDAQ
News & Analysis
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edge petroleum corp. and houston - All News and Analysis
M&A news
* Sterling Energy PIc, London, (London: SEY) plans to acquire Whittier Energy Corp., Houston, (Nasdaq: WHTT) for US$11 per share totaling approximately US$145 million in cash, plus the assumption of US$43 million in debt, for a total deal value of US$188 million.Whittier's assets are principally in Louisiana, Texas, Oklahoma and...
Edge Petroleum Corporation Announces Commencement of Sales From New Discovery
HOUSTON--BUSINESS WIRE--Oct. 13, 1999-- Edge Petroleum Corporation (Nasdaq:EPEX) announced today that all pipeline hook-ups and production equipment installations for its North LaCopita prospect discovery, the Neblett No. 1, have been completed. Sales are expected to begin on or about Oct. 15, 1999. The Neblett tested two Vicksburg formation reservoirs...
Edge Petroleum Corporation Announces Production Testing Results of Three Recent Significant Wells in South Texas
HOUSTON--BUSINESS WIRE--Aug. 20, 1998--Edge Petroleum Corporation (NASDAQ:EPEX) today announced that it has tested the three exploratory wells in South Texas that were recently announced as being successfully logged.The Edge Guerra No. 2, a deep Frio well in Edge's Santellena 3-D project area, is producing 6.9 MMcfe per day on a...
Edge Petroleum Corp. announces sale of stock on exercise of underwriter's over-allotment option
HOUSTON--BUSINESS WIRE--March 17, 1997--Edge Petroleum Corp. (NASDAQ:EPEX) today announced it has completed the sale of an additional 360,000 shares of common stock in accordance with the exercise by the underwriters of their over-allotment option in Edge Petroleum's recent initial public offering. The underwriting syndicate, managed by Raymond...
Edge Petroleum Corp. raises $39.6 million from completion of initial public offering
HOUSTON--BUSINESS WIRE--Feb. 27, 1997--Edge Petroleum Corp. today announced that it has completed its initial public offering of 2.4 million shares of common stock, priced at $16.50 per share. The offering was expanded from the original 2 million shares and was priced at the upper end of the...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Thurmon Andress | President, Andress, Oil & Gas Company |
| Vincent S. Andrews | President, Vincent Andrews, Management Corporation |
| Gary L. Pittman | CFO & Executive Vice President |
| John Tugwell | Executive Vice President and Coo |
| Robert W. Shower | Executive Vice President and Cfo, Seagull, Energy Corporation |
| C. W. Macleod | Senior Vice President, Business Dev & Planning |
| C.W. MacLeod | Senior Vice President, Business Development |
| Howard Creasey | Senior Vice President, of Exploration |
| Robert C. Thomas | Senior Vice President, General Counsel & Corporate Secretary |
| Keith Turner | Vice President, Land |
| Kirsten A. Hink | Controller & Vice President |
| Kurt P. Primeaux | Vice President, of Production |
| R. Keith Turner | Vice President, Land |
| R.Keith Turner | Vice President, Land |
| David Work | Director |
| Stanley S. Raphael | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John W. Elias | Chairman, President and CEO |
| John Sfondrini | Board of Directors |
| Jonathan Clarkson | Board of Directors |
| Joseph R. Musolino | Board of Directors |
| Michael A. Creel | Board of Directors |
| Michael Long | Board of Directors |
| Robert W. Shwer | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Chairman, President and CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | President, Andress, Oil & Gas Company | Current |
| Breitburn Energy Partners L.P. | Managing Director of Breitburn Management | Current |
| BreitBurn Energy Partners LP | Managing Director, Houston | Current |
| BreitBurn Energy Partners LP | Board Director | Current |
| Enterprise GP Holdings L.P. | Board Director | Current |
| Edge Petroleum Corporation | Board of Directors | Current |
| National Petroleum Council | Board Member | Current |
| Breitburn Energy Partners L.P. | Chief Executive Officer | Former |
| Breitburn Energy Partners L.P. | President | Former |
| Edge Petroleum Corporation | Compensation Committee Chairman | Former |
| Texas Tech University | B.S. In Geology | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | President, Vincent Andrews, Management Corporation | Current |
| Private Capital Advisors, LLC | President | Current |
| Edge Petroleum Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | CFO & Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Executive Vice President and Coo | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Executive Vice President and Cfo, Seagull, Energy Corporation | Current |
| Regency Energy Partners, LP | General Partner | Current |
| Regency Energy Partners, LP | Manager | Current |
| Edge Petroleum Corporation | Director | Current |
| Seagull Energy Corporation | Chief Financial Officer | Former |
| Seagull Energy Corporation | Executive Vice President | Former |
| Edge Petroleum Corporation | Chair | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Senior Vice President, Business Dev & Planning | Current |
| Edge Petroleum Corporation | Vice President, Business Dev & Planning | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Senior Vice President, Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Senior Vice President, of Exploration | Current |
| Edge Petroleum Corporation | Vice President, of Exploration | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Senior Vice President, General Counsel & Corporate Secretary | Current |
| Edge Petroleum Corporation | Vice President, General Counsel and Corporate Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Vice President, Land | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Controller & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Vice President, of Production | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Vice President, Land | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Vice President, Land | Current |
David Work retired from BP Amoco as a Regional President in September of 2000. At BP Amoco he coordinated activities with seven exploration and production business units, and with the leaders of the gas, power, oil and chemical businesses located in the Gulf Coast, Southwest and the Rocky Mountain States. Some of Mr. Work's previous experiences include: BP Amoco Group Vice-President of Exploration and Production in London; BP Amoco Executive Committee member; Amoco's Senior Vice President of Shared Services; named Group Vice President of worldwide exploration for Amoco in 1992; President of Amoco Egypt, 1990-1992; Vice President of Amoco's Houston region and Vice President of Exploration for Africa and the Middle East Region. David Work started his career in 1970 as a geologist working in exploration in Western U.S. and Alaska for Amoco in Denver, Colorado. He also led exploration efforts for BWAB Inc. from 1983 to 1986. He has a Masters of Science from the University of California, and a B.A. from Wesleyan. Mr. Work serves on various boards, and he remains actively involved in professional organizations such as the American Petroleum Institute and the Geological Society of America.
| Organization | Position | Status |
|---|---|---|
| American Petroleum Institute | Current | |
| Crystatech, Inc. | Chairman of The Board | Current |
| Edge Petroleum Corporation | Director | Current |
| Cgg | Director | Current |
| BP plc | Regional President | Former |
| Amoco Corporation | Group Vice President of worldwide exploration | Former |
| Bwab Incorporated | Manager | Former |
| Veritas, Inc. | Director | Former |
| University of California | Masters of Science | Former |
| Wesleyan University | B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| The Edge Group, Inc. | Managing Partner | Current |
| Edge Petroleum Corporation | Board of Directors | Current |
| Advanced Cerametrics Incorporated | Board of Directors | Current |
| Powers Events | Director | Current |
| Powers Solutions | Director | Current |
| University of Pennsylvania | B.S. In Finance | Former |
| Wharton Graduate School of the University of Pennsylvania | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Board of Directors | Current |
Mr. Creel was elected President and Chief Executive Officer of our general partner in August 2007 and continues to serve as a director of our general partner. A certified public accountant with over 28 years of experience in the energy industry, Mr. Creel served as executive vice president and chief financial officer for the general partner, since 2001 and 2000, respectively, and was elected senior vice president when he joined us in 1999. Mr. Creel is also a Group Vice Chairman and Chief Financial Officer of EPCO and serves as a Director of the general partner of Duncan Energy Partners L.P. He was President, Chief Executive Officer and a director of EPE Holdings from August 2005 through August 2007. Mr. Creel is a member of Financial Executives International, the AICPA and the Texas Society of Certified Public Accountants.
| Organization | Position | Status |
|---|---|---|
| Enterprise Products Partners L.P. | Director, President and Chief Executive Officer | Current |
| Enterprise Products Gp LLC | President and Chief Executive Officer | Current |
| Dep Holdings | Chief Financial Officer | Current |
| Epco, Inc. | Chief Financial Officer | Current |
| Dep Holdings | Executive Vice President | Current |
| Edge Petroleum Corporation | Board of Directors | Current |
| Texas Society of Certified Public Accountants | Board of Directors | Current |
| Enterprise Products Gp LLC | Director | Current |
| Texas Eastern Products Pipeline Company, LLC | Board of Directors | Current |
| Dep Holdings | Director | Current |
| Enterprise GP Holdings L.P. | Board of Directors | Current |
| Enterprise GP Holdings L.P. | Pres & CEO | Former |
| Epgp | Chief Executive Officer | Former |
| Epgp | President | Former |
| Enterprise Products Gp LLC | Chief Financial Officer | Former |
| Enterprise Products Partners L.P. | EVP & CFO | Former |
| Epgp | Chief Financial Officer | Former |
| Epgp | Executive Vice President | Former |
| Enterprise Products Gp LLC | Executive Vice President | Former |
| Epgp | Senior Vice President | Former |
| Edge Petroleum Corporation | Elected A Director | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Board of Directors | Current |
| Edge Petroleum Corporation | Executive Vice President and Cfo | Former |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Edge Petroleum Corporation | Director | Current |
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