Index Oil & Gas Inc. (IXOG)
EXPM EXPM Primary Summary
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Index Oil & Gas Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Lyndon West CEO | EXPM Exchange | 454084104 CUSIP |
| US Country | 4 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Index Oil and Gas Inc. was an enterprise engaged in the sectors of oil and gas, focusing on various aspects from acquisition to production. Founded in 2003 and headquartered in Houston, Texas, its activities spread across notable oil-producing regions such as Kansas, Louisiana, and Texas. Their business model was built on the strategic exploration, appraisal, development, and production of oil and gas properties, aiming to capitalize on the lucrative opportunities within these energy sectors. Despite the initial promise and growth, on November 17, 2010, Index Oil and Gas, Inc. decided to file a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Southern District of Texas, marking the cessation of its operations and initiating its liquidation process.
Products and Services
- Acquisition - Index Oil and Gas Inc. specialized in identifying, evaluating, and acquiring oil and gas properties with untapped potential. This process was crucial in establishing a foundation for their exploration and production endeavors.
- Exploration - Following acquisition, the company embarked on exploration activities aimed at discovering new oil and gas reserves. Utilizing advanced geotechnical methodologies, Index Oil and Gas Inc. aimed to precisely estimate the volumes of recoverable oil and gas.
- Appraisal - The appraisal phase involved detailed evaluation of discovered reserves to assess their commercial viability. This step was critical to justifying further investment in development and production.
- Development - With positive appraisal outcomes, Index Oil and Gas proceeded with the development of oil and gas properties. This included constructing the necessary infrastructure, such as drilling wells and establishing production facilities, to begin extraction operations.
- Production - The final phase in their service offering was the production of oil and gas. This involved the continuous operation of developed sites to extract oil and gas resources, which were then processed, marketed, and sold to generate revenue.
