Escalera Resources Co Preferred Stock 9.25% Perpetual (ESCSQ)
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Escalera Resources Co Preferred Stock 9.25% Perpetual Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Carol A. Osborne CEO | OTC PINK Exchange | 296064207 CUSIP |
| US Country | 27 Employees | 31 Dec 2014 Last Dividend | - Last Split | - IPO Date |
Overview
Escalera Resources Co., originally founded in 1972 and formerly known as Double Eagle Petroleum Co., transitioned its name to Escalera Resources Co. in March 2014. This independent energy company is engaged in the exploration, development, production, and sale of natural gas and crude oil, concentrating its efforts primarily within the Rocky Mountain basins located in the Western United States. The company boasts a strategic position with interests in significant projects such as the Atlantic Rim coalbed natural gas project in south central Wyoming, the Pinedale Anticline property in the Green River Basin of Wyoming, and possesses exploration potential acreage in the Greater Green River Basin of Wyoming and the Huntington Basin of Nevada. Based in Denver, Colorado, Escalera Resources Co. marks a notable presence in the energy sector through its dedicated operations and strategic asset management.
Products and Services
- Natural Gas and Crude Oil Production
- Coalbed Natural Gas Projects
- Exploratory Acreage
- Gas Gathering and Transportation
Escalera Resources Co. is involved in the exploration, development, production, and sale of natural gas and crude oil. With a primary focus on the Rocky Mountain basins of the Western United States, the company harnesses these resources to meet energy demands. Through its exploration and production activities, Escalera ensures a steady supply of these critical energy components, playing a vital role in the energy market.
The company holds interests in the Atlantic Rim project in south central Wyoming, which focuses on the extraction of coalbed natural gas. This project highlights Escalera's commitment to exploiting unconventional gas resources, providing a cleaner alternative to traditional energy sources and contributing to the broader energy mix.
Beyond its operational wells, Escalera Resources Co. maintains acreage with the potential for exploration in the Greater Green River Basin of Wyoming and the Huntington Basin of Nevada. This acreage underscores the company's strategic approach to growth and sustainability, by securing areas with untapped resource potential, aligning with its vision to expand its resource base and ensure long-term viability.
Escalera operates not only as a producer but also as a facilitator in the energy supply chain through its operations of an intrastate gas pipeline. This infrastructure enables the gathering and transportation of third-party gas, illustrating the company’s role in enhancing the efficiency and reliability of gas distribution within its operational footprint.
