IRVING, Texas, Jan. 22, 2018 /PRNewswire/ -- Energy Hunter Resources, Inc., an exploration and production company headquartered in Irving, Texas (www.energyhunter.energy), today announced that it has appointed Gregory L. Jessup as Vice President of the Land Department.
Gary C. Evans, Chairman and Chief Executive Officer of Energy Hunter Resources said, "For more than 30 years, Greg Jessup has been actively involved in all phases of land operations, ranging from negotiations, acquisitions and divestitures (A&D), mergers and acquisitions (M&A) and marketing to maintenance, management and administration. His operational, financial and legal experience will prove especially important as we continue to acquire, develop and exploit our existing, and pending portfolio of properties. Moreover, I can personally attest to Greg's capabilities and accomplishments as he formerly served as my Vice President of Land at Magnum Hunter Resources, Inc. from 1997 to 2005. Most notably, Greg assisted in the purchase of both onshore and offshore properties at Magnum Hunter which were valued in excess of $1 Billion.
Evans continued, "Strong off the heels of our first Eagle Ford well announced earlier this month, Energy Hunter will begin a horizontal drilling program in the San Andres oil play. Development of these properties is anticipated to deliver internal rates of return exceeding 100% at current commodity prices. Greg's knowledge and experience as we continue to execute on both our acquisition and our drilling programs will prove most helpful. I look forward to once again having the opportunity to work with Greg."
Gregory L. Jessup, CPL, prior to joining Energy Hunter Resources, served as CEO of Jessup Energy Land, LLC, (Trophy Club, Texas) a petroleum land service company that was specifically created to target and advise in the areas of land, exploration & development, legal, finance and mineral rights aspects of the oil and gas industry. From 2008 to 2016 Jessup served as the CEO of Jessup Harper Dean, LLC, a petroleum land service company based in Plano, Texas. He was also founder and president of Larson Energy, LLC, starting that company in 2005 as a purchaser of oil & gas minerals in Oklahoma, eventually expanding the search area to 14 additional States.
In 2006 Jessup was Vice President of Land for Rooster Petroleum, LLC until its corporate relocation from Irving to Houston, Texas. During his tenure, Jessup facilitated the $18.5 MM acquisition of working interests in 17 blocks from PetroQuest Energy, Inc. in the Gulf of Mexico shelf. From 1997 to 2005, Jessup was Vice President of Land for Magnum Hunter Production, Inc. and Gruy Petroleum Management Co. and Vice President of Land – Offshore with Magnum Hunter through its merger with Cimarex Energy Co. in June 2005. Greg L. Jessup has been in petroleum land management for more than 30 years. He is a Certified Professional Landman, licensed Real Estate Broker and is a member of numerous professional organizations.
Jessup has further held several offices in the American Association of Professional Landmen (AAPL) including Chairman of the Dallas Certified Professional Landman (CPL) Certification Committee Chairman of the Fund Raising Committee for the AAPL Educational Foundation AAPL Director for Dallas and Secretary, AAPL Executive Committee. He was Director and President of the Texas Energy Council and has served in numerous other positions and associations.
Greg L. Jessup, Vice President of Land, said, "It's great to be working with Gary again and the new team he has assembled at Energy Hunter Resources, Inc. The Company has already acquired a valuable asset base in the San Andres oil play located in the Permian Basin as well as the Eagle Ford shale play in Karnes County, Texas. I anxiously look forward to utilizing my knowledge, experience, and industry contacts to assist Gary and the team execute on Energy Hunter's organic and accretive acquisitions growth plan in the future."
About Energy Hunter Resources, Inc.
Energy Hunter Resources, Inc. is an independent oil company headquartered in Irving, Texas with a mission to own and operate properties within some of the most prolific resource plays in the United States. Focusing on the Eagle Ford Shale and Permian Basin regions, our aim is to create substantial shareholder value through a balanced program of acquisitions and low-risk development and exploitation opportunities utilizing horizontal drilling and fracture stimulation technology.
Energy Hunter Resources, Inc. can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the company's exploration and development efforts; the price of oil, gas and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the company's capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended; the company's ability to identify, finance and integrate any future acquisitions; and the volatility of the company's stock price. You are urged to carefully review and consider the cautionary statements and other disclosures. Forward-looking statements speak only as of the date of the document in which they are contained, and Energy Hunter does not undertake any duty to update any forward-looking statements except as may be required by law.
SOURCE Energy Hunter Resources, Inc.