Pilgrim Petroleum Corporation (PGPM)
EXPM EXPM Primary Summary
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Pilgrim Petroleum Corporation Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Samuel Carl Smith CEO | EXPM Exchange | 72147P107 CUSIP |
| US Country | - Employees | 15 Mar 2022 Last Dividend | 31 Dec 2007 Last Split | - IPO Date |
Overview
Pilgrim Petroleum Corporation operates in the oil and gas industry, focusing on the exploration and development of crude oil and natural gas properties. The company holds a portfolio of projects in Northwest Texas, including specific interests like the Electra Rework prospect in Wichita and Willbarger Counties, and the City National Bank Discovery Well prospect in Archer County. Initially founded in 1997 as BNP Petroleum Corp., it underwent a name change to Pilgrim Petroleum Corporation in July 2005. Pilgrim Petroleum provides a vital link in the energy supply chain, contributing to local and national energy markets from its Addison, Texas, headquarters.
Products and Services
- Oil and Gas Exploration
- Field Development
- Operation and Maintenance of Oil and Gas Properties
- Services for Exploration and Development Companies
Pilgrim Petroleum Corporation is actively involved in the exploration of oil and gas fields, primarily focusing on areas with proven reserves. Through rigorous analysis and advanced exploration technologies, the company identifies and evaluates potential drilling sites, aiming to discover new sources of fossil fuels.
Following the successful exploration and discovery of oil and gas reserves, Pilgrim engages in their development. This includes planning, drilling, and constructing the necessary infrastructure to extract, process, and prepare these resources for sale or further refining. The company's development activities are aimed at maximizing the extraction efficiency and production life of each site.
One of the core services Pilgrim Petroleum Corporation offers is the operation and maintenance of oil and gas properties. This encompasses a wide range of activities, from the daily operational oversight of extraction sites to the maintenance of equipment and facilities, ensuring safety, efficiency, and environmental compliance.
In addition to managing its own projects, Pilgrim Petroleum Corporation extends its expertise to small and medium-sized exploration and development companies. These services likely include consultation on exploration strategies, development planning, and project management, thereby supporting the broader oil and gas industry’s growth and sustainability.
