Xxl Energy Corp. (XL)
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Xxl Energy Corp. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | John R. Hislop CEO | TSX-V Exchange | CA98418B1058 ISIN |
| CA Country | 1 Employees | - Last Dividend | 30 May 2008 Last Split | - IPO Date |
Overview
XXL Energy Corp. operates within the petroleum and natural gas industry, focusing on the acquisition, exploration, and development of properties across the United States. The company traces its origins back to its incorporation in 1987, initially known as Exxel Energy Corp., before rebranding to its current name in May 2008. Positioned in Vancouver, Canada, XXL Energy has carved a niche for itself by owning interests in strategic locations characterized by substantial natural gas and oil reserves. These locations include the Green River Basin in Wyoming, the Williston Basin in North Dakota, the Pinedale Field in Sublette County, Wyoming, and the Piceance Basin in Colorado. Each of these areas is renowned for its potential in the oil and gas sector, making XXL Energy a notable player in the energy market.
Products and Services
- Green River Basin Operations
- Williston Basin Projects
- Pinedale Field Interests
- Piceance Basin Investments
Located in Wyoming, the Green River Basin encompasses natural gas wells along with royalty interest wells. This operation signals the company’s footprint in one of the most prolific natural gas extraction sites in the United States, highlighting its capacity to generate revenue through natural gas sales.
In North Dakota, the Williston Basin stands as another key area of operation for XXL Energy. This region is crucial for the company, given its significant oil and natural gas reservoirs, indicating XXL Energy's dedication to leverage North Dakota's resource-rich environment for hydrocarbon production.
With an ownership of working interest ranging from 18.75% to 21.25%, the Pinedale Field located in the Warbonnet area of Sublette County, Wyoming, represents a strategic investment. This area is known for its oil and gas resources, accentuating XXL Energy’s portfolio in securing lucrative oil and gas interests.
The Piceance Basin in Colorado rounds off XXL Energy’s major areas of operation. This basin is another hub for natural gas exploration and production, further diversifying the company’s assets and reinforcing its presence in the energy sector, specifically within the natural gas market.
