Profile: Evolution Petroleum Corp (EPM_pa.A)
20 Sep 2016
Evolution Petroleum Corporation, incorporated on January 23, 2002, is an independent petroleum company. The Company is engaged in the acquisition, exploitation and development of properties for the production of crude oil and natural gas, onshore in the United States. The Company focuses on applying artificial lift technology called Gas Assisted Rod Pump (GARP) for recovering incremental oil and gas from existing wells. The Company's projects include Delhi Field, Giddings Field and Lopez Field.
The Company's mineral interests in the Delhi Holt-Bryant Unit in the Delhi Field (Unit) are located in Northeast Louisiana. The Unit is approximately 13,636 acres in size. The Unit has a production totaling approximately 195 million barrels (bbls) of oil through primary and limited secondary recovery operations. The Unit is producing as an Enhanced Oil Recovery (EOR) project utilizing carbon dioxide (CO2) flood technology.
The Company's Giddings Field is located in Central Texas. The Company has completed a series of transactions that monetized all of non- GARP producing wells and drilling locations. The Company has an overriding royalty interest on approximately 2,094 acres on all depths below the base of the Austin Chalk in Brazos, Burleson and Fayette Counties, Texas for the remaining lives of related leases, as extended. It also has an overriding royalty interests in approximately 900 net acres in the Woodbine formation and working interest on approximately 258 net acres in Grimes County, Texas.
The Company's Lopez Field is located in South Texas. The Company has leases covering approximately 782 net acres in the Lopez Field in South Texas. The Company has development activity in the Lopez Field for developing material oil reserves.
Evolution Petroleum Corp
1155 Dairy Ashford Rd Ste 425
HOUSTON TX 77079-3021
Company Web Links
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