North American Energy Group Corporation (NNYR)
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North American Energy Group Corporation Profile
| Energy Equipment & Services Industry | Energy Sector | Jon C. Ginder CEO | OTC GREY Exchange | 663462208 CUSIP |
| US Country | 30 Employees | - Last Dividend | 10 Jan 2007 Last Split | - IPO Date |
Overview
Northamerican Energy Group Corporation operates in the energy sector with a focus on the identification, acquisition, and development of hydrocarbon, oil, and gas reserves. The company's operations include gas and oil production leases located in the Pecos Valley Field, southwest of Midland, Texas, and in the Permian Basin, one of the most prolific oil and gas producing regions in the United States. Originally established as Nuoasis Properties Inc., it underwent a rebranding to Northamerican Energy Group Corporation in May 2005. Founded in 1993, the company is based in Houston, Texas, serving as a testament to its enduring presence in the energy industry.
Products and Services
The company's portfolio encompasses a variety of products and services in the energy sector, particularly focused on hydrocarbon, oil, and gas reserves. Below are the key areas of focus:
- Hydrocarbon Reserves Development: Northamerican Energy Group specializes in identifying potential hydrocarbon reserves and undertaking their development. This includes geological surveying, drilling, and implementing extraction technologies to optimize yield.
- Oil and Gas Reserves Acquisition: The company actively seeks to acquire promising oil and gas reserves. This involves strategic assessment of existing fields, negotiation of lease agreements, and seamless integration of new sites into its production portfolio.
- Production Leases in Pecos Valley and Permian Basin: With production leases in key locations such as the Pecos Valley Field and the Permian Basin, Northamerican Energy Group Corporation capitalizes on these rich resources through efficient management and exploitation of oil and gas wells. This ensures a steady output and reinforces the company’s market position.
