Halek Energy Clarifies That Affiliation With CBO Energy, Inc. Ended in 2009

Texas-based oil and gas production company issues current operational update

Dec 08, 2010, 01:01 ET from Halek Energy, LLC

DALLAS, Dec. 8, 2010 /PRNewswire/ -- In response to several recent inquiries, Halek Energy LLC issued a public clarification today regarding Halek Energy CEO Jason Halek's ongoing relationship to CBO Energy, Inc.  Mr. Halek has not been an affiliate of CBO Energy—as an owner, director or officer—since October 1, 2009.

Halek Energy LLC currently operates approximately twenty oil and gas wells, located primarily in Jack, Erath and Palo Pinto counties in Texas.  Total third quarter 2010 revenue from drilling activities was $3.6 million, all of which was generated from the sale of oil and gas produced from wells operated by Halek Energy.

The primary purchaser of the oil produced from these Halek Energy operated wells is Transoil Marketing.  The primary purchaser of the gas and plants products produced from these Halek Energy operated wells is Enbridge G&P (North Texas LP).  

About Halek Energy

Halek Energy LLC is a Texas-based oil and gas exploration and production company. With corporate offices located in Southlake, Texas, Halek Energy has active drilling programs located in Texas and North Dakota. Through its innovative horizontal oil and gas well drilling programs, Halek Energy strives to achieve superior enhanced oil and gas recovery results by using modern drilling technologies. For more information, visit www.halekenergy.com

SOURCE Halek Energy, LLC