Hinto Energy Inc. (HENI)
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Hinto Energy Inc. Profile
| Trading Companies & Distributors Industry | Industrials Sector | Joseph Dubois Cornwell CEO | OTC PINK Exchange | 433475100 CUSIP |
| US Country | 1 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Hinto Energy, Inc., along with its subsidiary, South Uintah Gas Properties, Inc., focused on the acquisition, exploration, and development of oil and gas properties primarily in the Rocky Mountain region. The company worked on several key locations, including the Natural Buttes field in Uintah County, the Greater Cisco Springs field in Grand County, the Mason Lakes and Ragged Point fields in Musselshell County, Montana, and the Medina County field in Ohio. Despite its potential in the energy sector, Hinto Energy faced financial difficulties, leading to an involuntary petition for liquidation under Chapter 7 filed on August 16, 2017, in the U.S. Bankruptcy Court for the District of Colorado. Subsequently, this petition was approved, and the process was initially converted to a Chapter 11 reorganization on October 31, 2017. However, the case eventually reverted to liquidation under Chapter 7 on December 14, 2017, marking the company's exit from the market and the termination of its operations.
Products and Services
- Acquisition, Exploration, and Development of Oil and Gas Properties:
- Management of Oil and Gas Fields:
Before its liquidation, Hinto Energy specialized in the initial stages of the energy production chain by engaging in the acquisition of promising oil and gas properties. Following acquisition, the company carried out exploratory activities to assess the commercial viability of these properties. If the results were favorable, Hinto Energy would proceed with developing the necessary infrastructure and operations to extract oil and gas. This process was aimed at contributing to energy supply and supporting the economic growth of the regions involved.
Hinto Energy managed several oil and gas fields across the Rocky Mountain region and in Ohio. These fields, including the Natural Buttes field, the Greater Cisco Springs field, the Mason Lakes and Ragged Point fields, and the Medina County field, were carefully selected based on geological assessments and potential output. By managing these fields, Hinto Energy aimed to maximize production efficiency and ensure the sustainable extraction of natural resources, in line with environmental considerations and regulations.
