Profile: New Concept Energy Inc (GBR.A)
27 Feb 2015
New Concept Energy, Inc., incorporated on May 30, 1991, through its wholly owned subsidiaries Mountaineer State Energy, Inc. and Mountaineer State Operations, LLC. owns and operates oil and gas wells and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia. As of December 31, 2013 the Company has 152 producing gas wells, 31 non-producing wells and related equipment and mineral leases covering approximately 20,000 acres.
The Company operates in two segments: oil and gas operations and retirement facilities. As of December 31, 2013, the Company leased one independent living community in Oregon, with a capacity of 114 residents. The Company sells its natural gas production to one purchaser and all of its oil production to one purchaser.
New Concept Energy Inc
SUITE 300, 1603 LBJ FREEWAY
DALLAS TX 75234