Last $1.42 USD
Change Today +0.09 / 6.77%
Volume 2.0M
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As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

811 Main Street

Suite 2100

Houston, TX 77002

United States

Phone: 713-307-8700

Fax:

Endeavour International Corporation, an independent oil and gas company, is engaged in the acquisition, exploration, and development of energy reserves and resources in the United Kingdom (U.K.) North Sea and the United States (U.S.) onshore. As of December 31, 2013, the company’s estimated proved reserves were 23.5 million barrels of oil equivalent. Operations The company’s operations are organized into two main geographic regions, the U.K. North Sea and the U.S. onshore. U.K. North Sea The North Sea is a resource area where the company has producing properties and exploration licenses. Alba: The company owns 25.68% interest in the Alba field. In 2013, operations were commenced on a three-well infill drilling program. Bacchus: As of December 31, 2013, the company held a 30% working interest in its Bacchus field asset. Rochelle: The company owns 44% working interest in the Rochelle field, a gas-condensate field. U.S. Onshore The company’s primary focus in the U.S. has been onshore unconventional oil and gas developments. Its U.S. activity has targeted reserve and production growth in proven shale gas plays, including the Louisiana Haynesville and Pennsylvania Marcellus areas. The company is also targeting emerging oil-prone and liquids-rich plays, including the Montana Heath oil play and its new interests in the Colorado Niobrara play area. Marcellus Area: In 2013, the company formed a joint venture partnership with Samson Exploration LLC (Samson), which included a sale of 50% of its upstream and midstream assets in the Pennsylvania Marcellus area to Samson. The agreement provides for the joint development of the Marcellus assets. As of December 31, 2013, the company had approximately 27,200 gross acres and 13,400 net acres in the Pennsylvania Marcellus area. The company has five producing wells and three wells awaiting completion. Haynesville Area: The company has working interests in three Haynesville producing project areas in Louisiana totaling approximately 7,250 gross acres and 3,300 net acres. It has working interests in 19 Haynesville units, which are held by production with an estimated 80 or more remaining gross locations yet to be developed, depending on development well spacing. Heath Shale Oil Play: The company has interests in approximately 60,050 net acres in the emerging Heath Shale oil play in Montana, primarily in Rosebud and Garfield counties. It has two vertical pilot test wells where it continues to evaluate potential horizontal targets penetrated within the Heath Shale and Tyler Formation. Niobrara Play: During 2013, the company acquired leasehold and drilling rights to earn approximately 40,000 gross and 27,000 net acres in the Niobrara play in northwest Colorado, which has liquids-rich potential. In 2013, it formed a 23,000 acre Federal Unit in Rio Blanco and Moffat counties, and drilled an initial vertical pilot test well in the Wiley Unit to evaluate the liquids-rich potential of the Niobrara and Frontier formations. Customers For the year ended December 31, 2013, the company’s customer included Shell U.K. Limited. Its sales in the U.S. are sold through its arrangements with the operators of the fields, with the majority of the sales being to J-W Operating Company. Strategy The company’s strategy for its U.S. operations has been to employ a measured approach that seeks to balance the U.S. natural gas prices with drilling costs. Environmental Matters and Regulation The company is subject to various environmental laws, such as the Comprehensive Environmental Response, Compensation, and Liability Act and comparable state laws; the Resource Conservation and Recovery Act and comparable state laws; the Federal Water Pollution Control Act and comparable state laws; the federal Clean Air Act and comparable state laws; and the National Environmental Policy Act. History Endeavour International Corporation, a Nevada corporation, was founded in 2000. The company was incorporated in 2000.

 

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