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NGAS Resources, Inc.

NGAS Resources, Inc.

  NGAS Resources, Inc.
120 Prosperous Place, Suite 201
Lexington, KY 40509
859-263-3948

NGAS is an E&P company focused on unconventional natural gas plays in the eastern U.S., primarily in the southern portions of the Appalachian and Illinois Basins.

NGAS owns interests in over 1,300 wells, 366,000 acres of oil and gas leases, and 636 miles of gas gathering pipeline

Latest NGAS Resources News

1Q2011 revenues rise 21%, net income increases by 13%

Revenues in the first quarter of 2011 surged by 21% over the first quarter of last year and were up 13% over the prior quarter for the group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.

Industry briefs

Magnum Hunter names new divisional presidents

Magnum Hunter Resources Corp. has named three new divisional presidents, one for each of the company's primary areas of geographic operations.

Industry Briefs

Secured by newly acquired assets, Magnum Hunter closes on new $250M credit facility

Recently strengthened by assets acquired in various transactions, Magnum Hunter Resources Corp. has closed on its new, previously-announced revolving credit facility with BMO Capital Markets.

Court, shareholder approval granted for Magnum Hunter acquisition of NGAS Resources

Clearing another hurdle in its latest round of acquisitions, Magnum Hunter Resources Corp. has secured approval from The Supreme Court of British Columbia to continue with its acquisition of NGAS Resources Inc.

Magnum Hunter grows liquids rich shale with NuLoch acquisition

Magnum Hunter Resources Corp. is growing its Bakken Shale acreage with a definitive agreement to acquire Williston Basin focused NuLoch Resources for US$327 million.

Magnum Hunter Resources to acquire NGAS Resources

NGAS Resources Inc. has announced a definitive agreement to be acquired by Magnum Hunter Resources Corp. in an all-stock transaction valued at roughly $98 million.

OGJ 150

Revenue, net income show small increases in 4Q2012

May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

Helix completes sale of oil and gas business

Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

Revenue, net income drop sharply in 3Q12

Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

WPX Energy makes natural gas discovery in Niobrara formation

Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

Helix to divest oil and gas subsidiary to grow well intervention business

Dec 13, 2012 International offshore energy company Helix Energy Solutions Group Inc. has agreed to sell its oil and gas subsidiary to privately-held upstream oi...

OGFJ 100P

FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

OGFJ100P company update

Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Maverick Brothers Energy gets $35M in equity capital from Post Oak Energy

Apr 8, 2013 Post Oak Energy Capital LP, through investment partnerships it manages, has commitment of $35 million in equity capital to privately held explorati...

Midstates Petroleum to acquire Anadarko Basin assets from Panther Energy

Apr 4, 2013

OGFJ100P company update

Jan 1, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Oil & Gas Companies

Shell reports Malaysia deepwater gas discovery

Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

Cunningham Energy plans ‘Dragon’s Breath’ horizontal well program

Cunningham Energy LLC is planning three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia, from the “Dragon’s Breath” pad, with specified measured depths ranging from 4,750 feet to 5,200 feet.

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its common stock (LLEN) from the NASDAQ.

Weatherford to move headquarters to Ireland

Weatherford International Ltd. has made plans to move its corporate headquarters from Switzerland to Ireland, after the Swiss government handed investors authority to rein in top-level executive pay.

Cantex Energy announces new president, headquarters

Cantex Energy Corp. reports that its board of directors has hired Paul Henley as CEO and president. Additionally, the company’s corporate headquarters will be moved to Dallas, Texas.

Weatherford to cut back Venezuela operations

This year, Weatherford International Ltd. plans to reduce its operations in Venezuela, while expanding its operations in Russia, according to Reuters.

Oil Basins receives grant for Derby Block

The Western Australian Department of Mines and Petroleum has confirmed to Oil Basins Ltd. that the grant of the Derby Block (formerly 5/07-EP), as Permit EP 487, has been made for a period of six years.