BNET Industries

Market Cap:$2.5B
Last Fiscal Year Sales:$1.1B
  • Public
  • US
Dow Jones Description

We paid approximately $392 million to Anadarko for properties in Montana and Wyoming. The properties are about 85 % operated and 90% oil by reserves. As part of this acquisition, we also acquired approximately 70,000 net unproved acres in the Bakken play of Montana and North Dakota.

President, Chief Executive Officer, and Director
Jon S. Brumley
Number of Employees 394
Contact Information

777 Main St Ste 1400

Fort Worth, Texas 76102-5356

encoreacq.com

(817) 877-9955

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Stocks in the Spotlight Monday

    11/02/09 - Bond / Stock Rating - View Story

  • Raymond James Downgrades Encore Acquisition Co. EAC to Market Perform

    11/03/09 - Bond / Stock Rating - View Story

  • Encore Buy Gives Denbury Bakken Oil Foothold

    11/02/09 - Merger / Acquisition - View Story

  • Kendall Law Group, Founded by a Former Federal Judge, Launches

    11/02/09 - Merger / Acquisition - View Story

  • Finkelstein Thompson LLP Announces Investigation of Encore Acquisition Company

    11/06/09 - Merger / Acquisition - View Story

  • Firm buying Encore reports $26.9 million third-quarter profit

    11/06/09 - Financial Announcement - View Story

  • CH2M Hill wins pipeline contract

    9/30/09 - Joint Venture / Alliance - View Story

  • Encore Energy Partners LP Announces Second Quarter 2009 Results and Distribution

    7/28/09 - Joint Venture / Alliance - View Story

  • Encore posts 2Q loss on low oil, gas prices

    7/29/09 - Financial Announcement - View Story

  • Encore to Buy Exco Properties

    6/29/09 - Merger / Acquisition - View Story

  • Encore Acquisition Snaps Up Mid-Continent, East Texas Producing Properties

    6/29/09 - Joint Venture / Alliance - View Story

  • Encore Acquisition Company Announces Agreements to Acquire Mid-Continent and East Texas Producing Properties for $375...

    6/29/09 - Merger / Acquisition - View Story

  • BG pays $1.3 billion for U.S. shale gas JV with Exco

    6/30/09 - Buildings Purchased - View Story

  • Encore Energy Partners Acquires Producing Assets in Rockies, Permian Basin

    6/30/09 - Joint Venture / Alliance - View Story

News & Analysis

encore acquisition co. - All News and Analysis

Decision Makers

Name (plus bio) Position
Jon S. Brumley President, Chief Executive Officer, and Director
Ben Nivens Senior Vice President and Chief Operating Officer
Ben Nivensch CFO, Treasurer & Secretary
L. Ben Nivens Senior Vice President, Chief Operating Officer
Louie B. Nivens Coo & Senior Vice President
Robert C. Reeves Cfo
John W. Arms Senior Vice President, Acquisitions
N. Kevin Treadway Senior Vice President
Philip Devlin Senior Vice President, General Counsel
Robert S. Jacobs Senior Vice President, Admin
Andrea Hunter Controller & Vice President
Andy R. Lowe Vice President, Marketing
Diane Weaver Vice President Investor Relations
Kevin Treadway Vice President Land
William J Van Wyk Vice President, Marketing and Corporate Planning
Dan Lott Director of Human Resources
John H. Selzer Assistant Treasurer
Kimberly Weimer
Philip Dodge
Rani Wainwright Assistant Treasurer

Board of Directors

Name (plus bio) Position
James A. Winne Director, Chairman of the Compensation Committee
Ted A. Gardner Director and Chairman of the Audit Committee
Ted Collins Jr. Member, Chair
Howard H. Newman Board of Directors
I. Jon Brumley Board of Directors
John A. Bailey Board of Directors
John V. Genova Board of Directors
Martin C. Bowen Board of Directors

Organization Position Status
Encore Energy Partners LP President and Chief Executive Officer Current
Encore Acquisition Company President, Chief Executive Officer, and Director Current
Encore Energy Partners LP Chairman of the Board Current
Encore Acquisition Company Director Current
Exterran Holdings, Inc. Director Current
EnCore Inc. Chief Executive Officer Former
Pioneer Corporation Chief Executive Officer Former
Encore Acquisition Company Executive Vice President, Business Development Former
Pioneer Natural Resources Company Manager of Commodity Risk and Commercial Projects Former
Encore Acquisition Company Corporate Secretary Former
Pioneer Corporation Chairman Former
XTO Energy Inc. Chairman Former
Encore Energy Partners LP Board of Directors Former
The University of Texas Bba Former

Mr. Nivens has served as Senior Vice President, and Chief Operating Officer of EAC since November 2006. Mr. Nivens has also served as Senior Vice President, Chief Financial Officer, of Encore Energy Partners GP LLC since its inception in February 2007. From November 2005 until November 2006, Mr. Nivens served as EAC's Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary. Mr. Nivens served as EAC's Vice President of Corporate Strategy and Treasurer from June 2005 until October 2005. From April 2002 to June 2005, Mr. Nivens served as EAC's Engineering Manager. Prior to joining EAC, he worked as a reservoir engineer for Prize Energy from 1999 to 2002. From 1990 to 1999, Mr. Nivens worked in the corporate planning group at Union Pacific Resources and also served as a reservoir engineer. In addition, he worked as a reservoir engineer for Compass Bank in 1999. Mr. Nivens received a Bachelor of Science in Petroleum Engineering from Texas Tech University and a Masters of Business Administration from Southern Methodist University.

Organization Position Status
Encore Acquisition Company Senior Vice President and Chief Operating Officer Current
EnCore Inc. Current
Southern Methodist University Masters of Business Administration Former
Texas Tech University Bachelor of Science In Petroleum Engineering Former

Organization Position Status
Encore Acquisition Company CFO, Treasurer & Secretary Current
Encore Acquisition Company Secretary Current

L. Ben Nivens has been the Senior Vice President and Chief Operating Officer of our general partner since February 2007. Mr. Nivens has been Senior Vice President and Chief Operating Officer of EAC since November 2006. From November 2005 until November 2006, Mr. Nivens served as Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary of EAC. Mr. Nivens served as EAC's Vice President of Corporate Strategy and Treasurer from June 2005 until October 2005. From April 2002 to June 2005, Mr. Nivens served as engineering manager and in other engineering positions for EAC. Prior to joining EAC, he worked as a reservoir engineer for Prize Energy from 1999 to 2002. From 1990 to 1999, Mr. Nivens worked in the corporate planning group at Union Pacific Resources and also served as a reservoir engineer. In addition, he worked as a reservoir engineer for Compass Bank in 1999. Mr. Nivens received a bachelor of Science in Petroleum Engineering from Texas Tech University and a Masters of Business Administration from Southern Methodist University.

Organization Position Status
Encore Energy Partners LP Senior Vice President and Chief Operating Officer Current
Encore Acquisition Company Senior Vice President, Chief Operating Officer Current
Encore Acquisition Company Vice President of Corporate Strategy Former
Encore Acquisition Company Engineering Manager Former
Compass Bank Reservoir Engineer Former
Encore Acquisition Company Corporate Secretary Former
Encore Acquisition Company Treasurer Former
Southern Methodist University Masters of Business Administration Former
Texas Tech University Bachelor of Science In Petroleum Engineering Former

Organization Position Status
Encore Acquisition Company Coo & Senior Vice President Current

Bob Reeves has served as Senior Vice President, Chief Financial Officer, Treasurer, and Corporate Secretary since November 2006. Mr. Reeves held the position of Senior Vice President, Chief Accounting Officer, and Controller from November 2005 to November 2006. He served as the Company's Vice President and Controller from August 2000 until October 2005. He served the Company as Assistant Controller from April 1999 until August 2000. Prior to joining Encore, Mr. Reeves was Assistant Controller fro Bristol Resources Corporation from 1998 until 1999. Prior to 1998, Mr. Reeves served as Assistant Controller for Hugoton Energy Corporation. Mr. Reeves received his Bachelor of Science degree in Accounting from the University of Kansas. He is a Certified Public Accountant.

Organization Position Status
Encore Acquisition Company Cfo Current
EnCore Inc. Current
Encore Acquisition Company Treasurer Current
Encore Acquisition Company Vice President Former
Encore Acquisition Company Assistant Controller Former
Encore Acquisition Company Corporate Secretary Former
University of Kansas Bachelor of Science Degree In Accounting Former

Mr. Arms has served as Senior Vice President of Acquisitions since February 2007. Mr. Arms has also served as Senior Vice President, Acquisitions of Encore Energy Partners GP LLC since its inception in February 2007. Mr. Arms served as EAC's Vice President of Business Development from September 2001 until February 2007. From November 1998 until September 2001, Mr. Arms served as EAC's Manager of Acquisitions and in various petroleum engineering positions for EAC. Prior to joining EAC in November 1998, Mr. Arms was a Reservoir Engineer for Union Pacific Resources and an Engineer at XTO Energy, Inc. Mr. Arms received a Bachelor of Science in Petroleum Engineering from the Colorado School of Mines.

Organization Position Status
Encore Acquisition Company Senior Vice President, Acquisitions Current
Encore Energy Partners LP Senior Vice President, Acquisitions Current
Encore Acquisition Company Vice President of Business Development Former
Encore Acquisition Company Manager of Acquisitions Former
XTO Energy Inc. Engineer Former
Encore Acquisition Company Petroleum Engineering Positions Former
Colorado School of Mines Bachelor of Science In Petroleum Engineering Former

Organization Position Status
Encore Acquisition Company Senior Vice President Current
Encore Acquisition Company Land Manager Former
University of Southwestern Louisiana Bachelor of Science Degree In Petroleum Land Management Former
Encore Acquisition Company Staff Landman Former
University of Southwestern Louisiana Bachelor of Science Degree In Petroleum Land Management Former

Organization Position Status
Encore Acquisition Company Senior Vice President, General Counsel Current
Encore Energy Partners LP Senior Vice President, General Counsel and Secretary Current
Natural Gas Director Current
Natural Gas President Former
National Energy Group, Inc. General Counsel Former
Encore Acquisition Company General Counsel Former
National Energy Group, Inc. Secretary Former
University of California Master of Arts Degree Former
University of California Bachelors of Arts Degree Former

Organization Position Status
Encore Acquisition Company Senior Vice President, Admin Current
Bass Enterprises Production Company exploration and development geologist Former
North Carolina State University M.S. in Geology Former
Duke University B.S. in Geology Former

Andrea Hunter has been Vice President, Controller and Principal Accounting Officer of our general partner and EAC since February 2008. Prior to her promotion, Ms. Hunter had served as Controller of our general partner and EAC since September 2007. From July 2003 to September 2007, Ms. Hunter held positions of increasing responsibility at EAC, including financial reporting senior manager. Prior to joining EAC in July 2003, Ms. Hunter worked in public accounting, first in the Assurance and Business Advisory Services of PricewaterhouseCoopers LLP and later as an editor at Thomson Publishing's Practitioners Publishing Company. Ms. Hunter received a Master of Science and Bachelor of Business Administration, both in Accounting, from the University of Texas at Arlington. She is a Certified Public Accountant.

Organization Position Status
Encore Energy Partners LP Chief Accounting Officer, Controller & Vice President Current
Encore Acquisition Company Controller & Vice President Current
University of Texas at Arlington Master of Science Former
University of Texas at Arlington Bachelor of Business Administration Former

Mr. Lowe has served as Vice President, Marketing of Encore Energy Partners GP LLC since February 2008. Mr. Lowe has served as Vice President of Marketing for EAC since February 2007. From May 2006 until February 2007, Mr. Lowe was EAC's Director of Marketing. Prior to joining EAC, Mr. Lowe was Vice President -- Marketing for Vintage Petroleum, Inc. from December 1997 until December 2005. Mr. Lowe served as General Manager - - Marketing for Vintage Petroleum, Inc. from 1992 until December 1997. Mr. Lowe served as President of Quasar Energy, Inc. from 1990 until 1992, and Manager - - Marketing, as well as various other management capacities, for Maxus Energy Corporation, formerly Diamond Shamrock Exploration Company, from 1983 until 1990. Mr. Lowe received a Bachelor of Science degree in Education from Texas Tech University.

Organization Position Status
Encore Energy Partners LP Vice President, Marketing Current
Encore Acquisition Company Vice President, Marketing Current
Manager Marketing President Former
Vintage Petroleum, Inc. Vice President of Marketing Former
Vintage Petroleum, Inc. General Manager Former
Encore Acquisition Company Director of Marketing Former
Texas Tech University BS Former

Organization Position Status
Encore Energy Partners LP Vice President Investor Relations Current
Encore Acquisition Company Vice President Investor Relations Current
Quicksilver Resources Inc. Director of Investor Relations Former
XTO Energy Inc. Senior Financial Reporting Accountant Former

Kevin Treadway has been the Senior Vice President — Land of our general partner and EAC since February 2008. From 2004 until February 2008, Mr. Treadway served as Vice President — Land of EAC. He joined EAC in 2000 as staff landman and in 2002 was promoted to Land Manager. Prior to joining EAC, Mr. Treadway served as a landman at Coho Resources. Mr. Treadway received a Bachelor of Science degree in Petroleum Land Management from the University of Southwestern Louisiana.

Organization Position Status
Encore Energy Partners LP Senior Vice President, Land Current
Encore Acquisition Company Vice President Land Current
EnCore Inc. Staff Landman Current
Encore Energy Partners LP Vice President, Land Former
Encore Acquisition Company Land Manager Former
University of Southwestern Louisiana Bachelor of Science Degree In Petroleum Land Management Former
Encore Acquisition Company Landman Former
University of Southwestern Louisiana Bachelor of Science Degree In Petroleum Land Management Former

Organization Position Status
Encore Acquisition Company Vice President, Marketing and Corporate Planning Current

Organization Position Status
Encore Acquisition Company Director of Human Resources Current

Organization Position Status
Encore Acquisition Company Director, Chairman of the Compensation Committee Current
Phoenix Exploration Company Non-Executive Chairman of the Board Current
Encore Acquisition Company Chair, Member Current
Encore Acquisition Company Board of Directors Current
Belden & Blake Corporation Chief Executive Officer Former
Longhorn Oil Former
Belden & Blake Corporation Chairman of the Board Former
Belden & Blake Corporation Director Former
The University of Houston NA Former

Organization Position Status
Silverhawk Capital Partners, LLC. Founder Current
Encore Acquisition Company Director and Chairman of the Audit Committee Current
Kinder Morgan, Inc. Chairman, Compensation Committee Current
COMSYS IT Partners, Inc. Board of Directors Current
Encore Acquisition Company Director Current
Silverhawk Capital Partners, LLC. Managing Partner Current
University of Virginia J.D. Former
University of Virginia Masters of Business Administration Former
Duke University Bachelor of Arts Degree In Economics Former

Organization Position Status
Encore Acquisition Company Assistant Treasurer Current

Organization Position Status
Encore Acquisition Company Current

Organization Position Status
Encore Acquisition Company Current

Organization Position Status
Encore Acquisition Company Assistant Treasurer Current

Mr. Collins has been an independent oil and gas producer since 2000. Mr. Collins previously served as President of Collins & Ware Inc. from 1988 to 2000, when its assets were sold to Apache Corporation. From 1982 to 1988, Mr. Collins was President of Enron Oil and Gas Company, and its predecessors, HNG Oil Company and HNG Internorth Exploration Co. From 1969 to 1982, Mr. Collins served as Executive Vice President of American Quaser Petroleum Company. Mr. Collins is a Director and serves on the Finance Committee of Hanover Compression Company, and is a Director and the Chairman of the Governance Committee of Encore Acquisition Company. Mr. Collins has served as a Director of our General Partner since August 2004.

Organization Position Status
Encore Acquisition Company Member, Chair Current
Energy Transfer Partners, L.P. Board Director Current
Exterran Holdings, Inc. Board of Directors Current
Com-Ware President Former
Com-Ware Co-Founder Former
Encore Acquisition Company Board of Directors Former
The University of Oklahoma Bachelor of Science In Geological Engineering Former

Organization Position Status
Encore Acquisition Company Board of Directors Current

Organization Position Status
Exterran Holdings, Inc. Board of Directors Current
Encore Acquisition Company Board of Directors Current
Encore Acquisition Company Chairman & CEO Former
The University of Texas BBA Former

John Bailey has been a director of the Company since May 2006. Mr. Bailey has been employed as a Portfolio Manager, Global Energy, at Carlyle - Blue Wave Partners Management, LP since January 2007. From March 2005 to October 2006 Mr. Bailey was employed as Vice President, Energy at Amaranth Group LLC and a consultant to Amaranth Group LLC from October 2004 until March 2005. From October 2000 until August 2004, Mr. Bailey was an equity research analyst and Vice President of Equity Research for Deutsche Bank Securities with a focus on the North American exploration and production segment of the energy industry. From May 1997 until October 2000, Mr. Bailey was part of the oil and gas equity research group at Donaldson, Lufkin & Jenrette, Inc. Mr. Bailey is also a founding director and stockholder of CrossPoint Energy Company. Mr. Bailey received a Bachelor of Arts degree in Economics and Government from Cornell University.

Organization Position Status
Encore Acquisition Company Board of Directors Current
Community Foundation of Tompkins County Board of Directors Current
Crosspoint Energy, LLC Board of Directors Current
Crosspoint Energy, LLC Stockholder Current
Encore Acquisition Company Committee Member Current
Amaranth Group, Inc Vice President, Energy Former
Deutsche Bank Securities Inc. Vice President of Equity Research Former
Deutsche Bank Securities Inc. Equity Research Analyst Former
Amaranth Group, Inc Consultant Former
Cornell University Bachelors Degree Former
Donaldson, Lufkin & Jenrette Oil and Gas Equity Research Group Member Former

Organization Position Status
Sterling Chemicals, Inc. President and Chief Executive Officer Current
Encore Acquisition Company Board of Directors Current
Sterling Chemicals, Inc. Board of Directors Current
Chanin Capital Partners Board of Directors Current
Encore Acquisition Company Committee Member Current
Holly Corporation Executive Vice President, Refining and Marketing Former
ExxonMobil International Limited Director of International Gas Marketing Former
Gerson Lehrman Group Energy Advisor Former
Colorado School of Mines Bachelor of Science Degree In Chemical and Petroleum Refining Engineering Former

Mr. Bowen has beeen a director of EAC since May 2004. Since 1993, Mr. Bowen has been Vice President and Chief Financial Officer of Fine Line Inc., a private holding company. He also serves on the Board of Directors of AZZ Inc. and several privately held companies. In addition, he is a Director and Executive Committee Member of the Southwestern Exposition and Livestock Show and President and Chief Executive Officer of Performing Arts Fort Worth, Inc. Mr. Bowen received a Bachelor of Business Administration in Finance from Texas A&M University, a Bachelor of Foreign Trade from the American Graduate School of International Management and a Juris Doctor from Baylor University School of Law.

Organization Position Status
Finelineinc Chief Financial Officer Current
Fine Line Chief Financial Officer Current
Finelineinc Vice President Current
Fine Line Vice President Current
Azzinc Board of Directors Current
Encore Acquisition Company Board of Directors Current
AZZ Incorporated Board Director Current
World Wildlife Fund, Inc. Board Member Current
World Wildlife Fund, Inc. President and Chief Executive Officer Former
Baylor University J.D. Former
American Graduate School of International Management Bachelor of Foreign Trade Former
Texas A&M University Bachelor of Business Administration In Finance Former

Executive News

  • Blackstone, Silverhawk, Tom Hill and Management form Summit Materials

    RBC Dain Rauscher - 9/08/09 - View Story

  • Encore Acquisition Company Announces Public Offering of 2,750,000 Shares of Common Stock

    Reuters - 9/08/09 - View Story

  • Encore Acquisition Company Announces Public Offering of 2,750,000 Shares of Common Stock

    Business Wire - 9/08/09 - View Story

  • Blackstone, Silverhawk, Tom Hill and Management form Summit Materials

    Yahoo! Canada - 9/08/09 - View Story

  • Encore Acquisition Company to Present at the Barclays Capital CEO Energy/Power Conference

    Forbes.com - 9/03/09 - View Story

  • Encore Acquisition Company to Present at the Barclays Capital CEO Energy/Power Conference

    Business Wire - 9/03/09 - View Story

  • Encore Energy Partners LP Announces Completion of Acquisition from Encore Acquisition Company

    Business Wire - 8/11/09 - View Story

  • Encore Acquisition Company Announces Completion of Mid-Continent and East Texas Acquisition

    Business Wire - 8/11/09 - View Story

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     EAC $45.60 +0.80 (1.79% )
Average Volume 1,105,250
Shares Outstanding 55.54M
Market Cap 2.5B
Year High 47.16
Year Low 17.04
Earnings Per Share 3.21
P/E Ratio 14.21
Dividend N/A
Yield N/A
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