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
Industry briefs |
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.
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Magnum Hunter names new divisional presidentsMagnum 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 facilityRecently 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 ResourcesClearing 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 acquisitionMagnum 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 ResourcesNGAS 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. |
