BNET Industries
Market Cap:$17.0K
Last Fiscal Year Sales:$48.5K
- Public
- US
Dow Jones Description
The Company is an independent oil and gas exploration and production company with leasehold properties in the Hugoton Panhandle Field (the "Panhandle Field"), Holmes County, Mississippi, Pennsylvania and South Louisiana. On March 21, 1996, the Company signed an agreement with Westar Energy, Inc. ("Westar") to take part in a joint venture drilling program. The drilling program was accomplished on leases owned by Westar in Indiana and Westmoreland Counties, Pennsylvania. The Company financed its portion of the drilling and completion costs of the first eight wells by obtaining outside investors. The Company has been in negotiations to acquire substantial revenue producing properties and contiguous leasehold acreage that would provide substantial drilling and exploration opportunities in South Louisiana. There can be no assurance that the Company can successfully complete this acquisition. The Company is currently in negotiations to fund a 25% working interest in a large exploration and development program in South Louisiana. The Company believes that it can develop initial funding of the first stage of this project, which could commence in November, 2003.
Director
Mike GirouContact Information
12750 Merit Drive
Suite 750
Dallas, Texas 75251-1609
1 972 387 4100
Peer Companies
NAICS Code Support Activities for Oil and Gas Operations: 213112
News & Analysis
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empiric energy inc. - All News and Analysis
Empiric Energy Inc. Announces Abandonment of Drilling Venture
- 1999-05-17
DALLAS--BUSINESS WIRE--May 17, 1999-- Renn Rothrock Jr., President of Empiric Energy Inc. (OTC BB:EMPE), today announced that the wildcat well drilled in the United States Outer Continental Shelf in the Gulf of Mexico, Vermilion Parrish, La., has been plugged and abandoned. The expected targets were encountered at the...
Empiric Energy Announces Significant Events
- 1999-05-10
DALLAS--BUSINESS WIRE--May 10, 1999-- Renn Rothrock Jr., President of Empiric Energy Inc., today announced that Empiric is participating in a wildcat well being drilled in the United States Outer Continental Shelf in the Gulf of Mexico, Vermillion Parrish, Louisiana. Empiric's participation is 10% in two adjoining 5,000 acre blocks....
Empiric Energy, Inc. Announces Signing of Letter of Intent
- 1998-07-01
DALLAS--BUSINESS WIRE--July 1, 1998--R. Renn Rothrock, president and chief operating officer of Empiric Energy, Inc. Empiric, an oil and gas exploration company (OTC/BB:EMPE), announced today the signing of a Letter of Intent to acquire interests in three Louisiana properties from a company in Baton Rouge, La.The...
Empiric Energy, Inc. Makes Announcement
- 1998-04-14
DALLAS--BUSINESS WIRE--April 14, 1998--R. Renn Rothrock, Jr., President and Chief Operating Officer of Empiric Energy, Inc. Empiric, an oil and gas exploration company (OTC BB:EMPE) announced the final completion of three of four wells recently drilled that were acquired in the recent acquisition of oil and gas leasehold acres from...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mike Girou | Director |
| Organization | Position | Status |
|---|---|---|
| Empiric Energy, Inc. | Director | Current |
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