Steve Stengell and Encore Energy, Inc. Featured in "American Oil and Gas Reporter" Magazine
BOWLING GREEN, Ky., Oct. 17, 2011 /PRNewswire/ -- Today, Encore Energy, Inc. announced that its President and CEO, Steve Stengell, and the Company were featured in an article for the October 2011 issue of the "American Oil and Gas Reporter" magazine.
This article is scheduled to be released this week and summarizes Encore's present and future business model, targeted properties and future plans to optimize production for the Company.
The Company was recently formed in May 2011 by Steve Stengell, Joe Turner and Timothy Brady who have years of experience in oil and natural gas operations, the financial service industry and the management of publicly traded companies.
The Company's business objectives include:
- Review and evaluate horizontal oil programs and other conventional and nonconventional projects
- Formation and continued development of an operating company in Texas, Blackhawk Operating LLC
- Drill, complete, produce and operate specific oil properties in Texas
- Groom the Company for a future acquisition or a move onto the public market
Encore's President and CEO, Mr. Stengell and the other members of Encore's management team have previously served as an operator in both Texas and Oklahoma and have made several horizontal oil and natural gas discoveries in Central East Texas over the last several years. Encore's management team was also responsible for constructing a pipeline system in Grimes County, Texas that delivered gas from multiple horizontal wells to an Atmos Energy connection.
"This recent article from the American Oil and Gas Reporter does a tremendous job in simplifying the company's business plan for shareholders, industry participants and investors alike," said Steve Stengell.
Encore is a proud member of the IPAA Independent Petroleum Association of America, Society of Petroleum Engineers, NFIB National Federation of Independent Businesses and Bowling Green Chamber of Commerce.
If you would like a copy of this article or find out more about Encore Energy, Inc., please contact Bill Champion at (855) 238-1242, ext. 230 or email him directly at [email protected]
We also encourage you to visit our corporate website at www.encore-energy.com or follow us on Facebook at www.facebook.com/EncoreEnergy
About Encore Energy:
The Company's key experience is the utilization of the latest technological advancements related to horizontal drilling operations. Encore is currently working with industry participants and other independent producers to develop certain Texas oil properties.
Cautionary Statement:
This release contains forward looking information and certain goals and/or timelines may or may not be achieved by the Company. There exist tremendous risk and uncertainty associated with oil and natural gas exploration and development. Horizontal drilling increases the mechanical risks of operations. No assurances can be made as to the future production rates, reserves, etc. for any given project. It is impossible to accurately forecast oil and/or natural gas production rates, reserves, prices, lease operating expenses, etc. Production estimates may be reported in natural gas equivalent. Natural gas equivalent is defined as the gross production volumes of natural gas, natural gas liquids and condensate combined and reported as one commodity as predicated by the current spot price of natural gas. No assurances can be made that the company will raise the necessary level of funding and/or achieve results from future operations to make the proposed future operations herein profitable. There may be additional risks associated with the Company's operations not known at this time such as project cost overruns, environmental risks etc. This is not an offer to sell a security nor is it an offer to buy a security. An offer will only be made to accredited investors by a prospectus and this is not a prospectus.
Contact Information:
Bill Champion, Vice President of Business Development
Phone: (855) 238-1242, ext. 230
E-mail: [email protected]
Website: www.encore-energy.com
SOURCE Encore Energy, Inc.
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