Mogul Energy International Inc. (MGUY)

Overview

Mogul Energy International, Inc. was an enterprise engaged in the exploration and development of oil and gas, primarily located in the Gulf Coast area of Texas. The company's focus included managing and operating several prospects such as the Stafford prospect in Jackson County, the Alkek prospect in Goliad County, and the East Mathis prospect in San Patricio County, illustrating a targeted approach towards oil and gas exploration in regions with potential hydrocarbon reserves. Founded in 2005 and with its headquarters in Houston, Texas, Mogul Energy International, Inc. aimed to leverage the rich oil fields of Texas to develop its business. However, on September 20, 2017, the company filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the Southern District of Texas, marking the end of its operational journey.

Products and Services

• Stafford Prospect

  Located in Jackson County, Texas, the Stafford prospect was one of Mogul Energy International, Inc.'s exploration and development projects. This prospect focused on identifying and extracting oil and gas reserves in an area known for its hydrocarbon potential. The aim was to tap into underground reserves that could yield significant quantities of oil and gas to meet energy demands.

• Alkek Prospect

  Situated in Goliad County, Texas, the Alkek prospect represented another key area of exploration for Mogul Energy International, Inc. Like the Stafford prospect, the Alkek prospect was focused on exploring the underground resources of oil and gas that could be commercially viable for development and extraction, contributing to the company’s portfolio of energy projects.

• East Mathis Prospect

  This prospect, located in San Patricio County, Texas, was among the exploration endeavors undertaken by Mogul Energy International, Inc. The East Mathis prospect aimed at exploring and potentially developing oil and gas reserves in a strategic location within the Gulf Coast area. The initiative was part of Mogul Energy’s broader strategy to explore various geographic locations across Texas for viable oil and gas resources.

• Prospects across the Gulf Coast area of Texas

  Aside from the specific projects mentioned, Mogul Energy International, Inc. endeavored to explore and develop multiple prospects across the Gulf Coast area of Texas. This initiative was based on a comprehensive approach to uncover and utilize the oil and gas potential scattered throughout the region, aiming to maximize the exploration capabilities and resource extraction expertise of the company.