American Oil & Gas, Inc.
| American Oil & Gas Inc. 1050 17th Street Suite 2400 Denver, CO 80265 303-991-0173 |
American Oil & Gas, Inc. is engaged in the exploration, development and acquisition of crude oil and natural gas reserves and production primarily in the western United States. American holds interest in over 450,000 gross acres, with a primary emphasis in the following projects:
- Approximately 128,000 gross (90,000 net) acres in the Douglas Project area, located in the southern Powder River Basin, Wyoming which includes approximately 56,000 gross (43,000 net) acres in the Fetter Project and approximately 45,000 gross acres in the West Douglas project.
- Approximately 116,000 gross (45% working interest in approximately 111,000 net) acres in the Krejci AMI Project, located in Niobrara County, Wyoming.
- Approximately 87,000 gross (50% working interest in approximately 64,000 net) acres in the Goliath Project, located in the Williston Basin, North Dakota.
Latest American Oil & Gas News
Revenues increase by 5%, Net income dips 4% in 4Q
Revenue nudged upwards by 5% in the fourth quarter of 2010 compared with the prior quarter and was up 12% over the fourth quarter of 2009 for the group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal. Net income for this same group of companies fell by 4% compared to the prior quarter, but increased by 32% over the same quarter in 2009.
|
Experts weigh in on M&A market
During the past 12 months we have seen a dramatic turnaround in the merger and acquisitions market.
|
Oil shale deal flow heating up in Bakken, NiobraraSince January 2009, the oil–to–gas pricing ratio has averaged 15:1, and it doesn't appear as if this will change anytime soon. |
Oil shale deal flow heating up in Bakken, NiobraraSince January 2009, the oil–to–gas pricing ratio has averaged 15:1, and it doesn't appear as if this will change anytime soon. |
Rise Energy to bid $18.7M on newly-bankrupt Teton EnergyDenver-based Teton Energy Corp. has filed for Chapter 11 bankruptcy protection and filed a proposed reorganization plan that would allow Rise Energy Partners II LLC to purchase its assets for $18.7 million. |
American Oil & Gas increases ownership in BakkenAmerican Oil & Gas Inc. has increased its working interest in the Bakken shale with separate transactions with Teton Energy Corp. and privately-held Evertson Energy Partners. |
Chevron Australia starts gas production from $2.1B onshore LNG facilityChevron Corp.'s subsidiary, Chevron Australia Pty Ltd., has produced first gas from the North West Shelf Venture's Train 5 onshore liquefied natural gas (LNG) facility at the Karratha Gas Plant in Western Australia. The US $2.1 billion is expected to increase the joint venture's export capacity by up to 4.4 million tonnes of LNG annually to 16.3 million tonnes. |
OGJ200 Report
The combined earnings of the OGJ200 group of companies surged in the second quarter of 2006 (2Q06), up 36% from the second quarter of last year.
|
