September 21, 2014 3:45 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Cunningham Energy LLC

Company Overview

CUNNINGHAM ENERGY LLC engages in the acquisition, exploration, and production of oil and natural gas in the Appalachian, Illinois, and Williston Basins. It conducts operations and oil/gas interests throughout major North American Basins. The company was founded in 2008 and is headquartered in Charleston, West Virginia.

3230 Pennsylvania Avenue

Charleston, WV 25302

United States

Founded in 2008

Phone:

304-344-9291

Fax:

304-344-9290

Key Executives for Cunningham Energy LLC

Director of Finance and Risk Assessment
Principal and Operating Partner
Director of Investor Relations
Executive Sales Director
Compensation as of Fiscal Year 2014.

Cunningham Energy LLC Key Developments

BE Resources Inc. Provides Update on Intended Joint Venture to Develop Oil Field Leases with Cunningham Energy, LLC

BE Resources Inc. announced that it continues to take active steps towards completing its intended joint venture with Cunningham Energy, LLC (Cunningham), of Charleston, West Virginia to acquire approximately 425 acres of oil leases in the Stringtown, Rock Creek, and Green Creek oil fields (collectively known as the 'Oil Leases') within the Smithfield District in West Virginia, and not less than approximately 400 additional acres to be agreed upon, contiguous to the Oil Leases, with a further first right of refusal to acquire additional oil leases to be agreed, being a minimum of 1,000 acres in area and allowing for a potential of up to an additional 15 horizontal oil wells, as announced by news release dated July 31, 2014.

Cunningham Energy LLC Announces New Dragon's Breath Horizontal Well Program

Cunningham Energy LLC has announced plans for three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia. The newly planned horizontal program will be drilled from the "Dragon's Breath" pad, consisting of three wells surveyed with a specified measured depth ranging from 4750' to 5200' plus feet and vertical depths of 2150' plus feet. All three "Dragon's Breath" horizontal wells are targeting oil in the Big Injun Sand formation in Union District of Clay County. Cunningham Energy also plans to utilize one of the company's three Speedstar 185 top drive drilling rigs in conjunction with these new wells. Each well bore on the Dragons Breath Pad has been planned to be completed with multiple frac stages with varying spacing dependent on future wireline data.

Cunningham Energy Announces Three New Horizontal Wells in Clay County, West Virginia

Cunningham Energy LLC has announced plans for three new shallow horizontal oil wells to be drilled in Clay County, West Virginia. The newly planned horizontal program will be drilled from the Rhino pad, consisting of three wells surveyed with a specified measured depth of 5200 plus feet and vertical depths of 2150 plus feet. All three Rhino horizontal wells are targeting oil in the Big Injun Sand formation in Union District of Clay County. Cunningham Energy also plans to utilize its Speedstar 185 top drive drilling rig in conjunction with these new wells. Each well bore on the Rhino Pad has been planned to be completed with multiple frac stages with varying spacing dependent on future wireline data. Cunningham Energy is currently completing a five well shallow vertical drilling program in the immediate area, and has completed main electrical along with natural gas takeaway infrastructure. Cunningham Energy anticipates spudding the first horizontal Rhino well in December 2013.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 31, 2014
425 Acres of Oil Leases in the Stringtown, Rock Creek, and Green Creek Oil Fields in West Virginia
Merger/Acquisition
January 21, 2014
Cunningham Oilfield Services
 

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