67 WALL STREET, New York - February 5, 2013 - The Wall Street Transcript has just published its Oil & Gas: Exploration & Production Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Capital Expenditures and Consolidation Activity - Refining Crude Price Differentials - Frontier Exploration and Development - Shale Drilling Capital Expenditures - Oil Price Expectations - Oil and Gas Transportation Infrastructure Demand - Shale Drilling Dynamics - Shale, Offshore and Deepwater Drilling
Companies include: Emerald Oil, Inc. (EOX) and many more.
In the following excerpt from the Oil & Gas: Exploration & Production Report, Marty Beskow, VP of Finance/Capital Markets discusses the outlook for his company for investors:
TWST: Would you begin with a brief historical sketch of the company and a picture of the things you're doing at the present time?
Mr. Beskow: Emerald Oil is the combination of two companies from a transaction in July 2012, when Emerald Oil, a Denver-based exploration and production company with an experienced executive management team and operable acreage in the Williston Basin, combined with the former Voyager Oil & Gas, which was a nonoperator in the Williston basin. To date, we have converted about 7,000 net acres from nonoperated to operable acreage in the Williston basin, mostly through cashless land swaps, building our inventory of potential well development.
We spud our first operated well in early November 2012, two months ahead of schedule. We successfully drilled two wells and currently are drilling our third. After the rig moves to drill our fourth well, we plan to complete the first three wells late in the first quarter and bring them on to production during second quarter of 2013.
TWST: Would you tell us a little bit about the big picture thinking behind pulling this altogether under the Emerald umbrella?
Mr. Beskow: Voyager had a steady stream of current production and cash flow from its participation in over 200 gross wells, about 33,000 net acres in the core of the Williston basin, and tremendous knowledge of the basin from its participation in wells throughout the basin with a wide range of operators. We combined this with Emerald's operating capabilities and management team to determine some of the best areas for us to focus our operating efforts...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.