Supernova Energy Inc. (SPRN)
OTC PINK OTC PINK Primary Summary
Supernova Energy Inc. (SPRN) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Supernova Energy Inc. ever had a stock split?
Supernova Energy Inc. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Nicholas Upchurch CEO | OTC PINK Exchange | 86845R207 CUSIP |
| US Country | 1 Employees | - Last Dividend | 25 Jun 2014 Last Split | - IPO Date |
Overview
Supernova Energy, Inc., originally established as Northumberland Resources, Inc., rebranded itself in October 2013. Founded in 2009 and based in Rockville Centre, New York, the company is primarily engaged in the exploration and production of oil and gas properties. Its operations are focused in Kansas, where it manages 87 oil, gas, and Saltwater Disposal (SWD) wells across 2,020 acres of leased land. Notably, Supernova Energy, Inc. holds a 50% working interest in the Monroe Lease, which features two producing wells that reach approximately 1200 feet deep. Aside from its core operations in the oil and gas sectors, the company also ventures into the exploration of precious minerals, diversifying its portfolio and exploring new avenues for growth and development.
Products and Services
- Oil and Gas Production
As its primary operation, Supernova Energy, Inc. focuses on the extraction of oil and gas. The company's portfolio includes 87 wells that produce hydrocarbons from various geological formations. By leveraging its extensive acreage and strategic interests, such as the 50% working interest in the Monroe Lease, the firm is positioned to tap into significant resources to meet energy demand.
- Saltwater Disposal (SWD) Wells
In addition to hydrocarbon production, Supernova Energy manages Saltwater Disposal (SWD) wells. These facilities are critical for the environmentally responsible disposal of saline water that is a byproduct of oil and gas extraction processes. By managing SWD wells, the company not only adheres to regulatory requirements but also promotes sustainable practices in its operations.
- Precious Minerals Exploration
Expanding beyond its traditional focus, Supernova Energy also engages in the exploration of precious minerals. This venture represents a strategic move to diversify its revenue streams and reduce its reliance on the oil and gas market. The exploration of precious minerals allows the company to explore new opportunities in resource extraction and contributes to its long-term growth strategy.
