| Name | Title | Contact Details |
|---|---|---|
Colby Rodriguez |
VP of Marketing | Profile |
Coalition Energy is a Denver, CO-based company in the Energy and Utilities sector.
Florida Petroleum is a Jacksonville, FL-based company in the Energy & Utilities sector.
Anadarko is among the world`s largest independent oil and natural gas exploration and production companies, with corporate offices in The Woodlands, Texas. Our deep and balanced portfolio of assets encompasses premier positions in the Delaware and DJ basins onshore U.S., and oil-focused opportunities in the Gulf of Mexico and deepwater basins worldwide. Our employees are committed to our core values of integrity and trust, servant leadership, commercial focus, people and passion and open communication in all of our business activities. We are passionate about our mission of exploring for, acquiring and developing oil and natural gas resources vital to the world`s health and welfare. At Anadarko, we directly employ more than 4,900 men and women, and we who strive for excellence in all that they do. We know the best vision in the world will not be realized without the right people.
Our purpose is to assist in fueling North America’s energy requirements guided by relentless focus on our six imperatives. Honesty, integrity and commitment are vital to driving our growth and success. We maintain a high standard of business practices which translate into unparalleled value for our shareholders. To achieve our mission, we will conduct our business with these six responsibilities in mind: obey the law, stimulate economic growth, be environmentally responsible, expand opportunities for our employees, respect our vendors, and reward our shareholders. To date, the main focus of the Company has been the acquisition of low cost assets with significant development potential. The Piqua project in Kansas had been lightly developed when acquired, and its low-cost drilling and solid financial return is providing a repeatable and low-risk facet of the Company’s growth strategy. Drilling to date has been 100% successful with an average 10 months to payout of drilling expenses incurred. Reserve valuations have increased from less than $1.0 million to almost $3.0 million in the two years the Company has owned the property. The Bakken lands in Divide County, North Dakota, carry a steep development cost with wells ranging from $6.0-$8.0 million each. As a result, Legend has monetized the acreage while retaining a royalty interest, which allows the Company to continue to participate in the revenue generated through the drill bit, without any additional cost incurred. The royalty continues on the land indefinitely. As drilling on the acreage is still some time away due to priorities of the majority owners, the conversion of our interest to a royalty for Legend is currently unpredictable. Legend will participate in the revenue stream when the wells get drilled. As a non-operator, Legend will utilize the expertise and logistical capabilities of larger companies, without encumbering its balance sheet with expensive rig contracts and extraneous expenses. Legend’s Canadian acquisition affords it the opportunity to enjoy a stable production base coupled with an abundance of undeveloped land with access to a number of low-risk oil development projects. Although the Company has sold a number of smaller production properties, it still maintains a high working interest and solid production and revenue on its remaining assets. Due to saturated drilling around the Company’s Swan Hills property, reserves were drained before Legend could drill a well there. The Company was however able to monetize the small land position for a value in excess of $200,000 per flowing barrel.