Archive for the ‘Capital City Energy Group Inc. CETG’ Category

Small Cap Voice Featured Company: Capital City Energy Group, Inc. (CETG.OB)

Thursday, March 26th, 2009

Capital City Energy Group, Inc. (CETG.OB) is a growing oil and natural gas company operating with three divisions. The company is focused on finding opportunities for growth through drilling, operating, well service companies, acquisitions and fund management. The company’s three operating subsidiaries are Avanti Energy Partners, Eastern Well Services, and Capital City Petroleum.

Avanti Energy Partners offers investors an opportunity to capitalize on the growing demand for precious commodities through Capital City Energy Funds and other direct participation programs. Avanti’s primary purpose is to establish and manage funds for investors. The company also works with other joint venture partners in energy properties to make intelligent risk-and-reward decisions while meeting high economic goals.

The Capital City Petroleum subsidiary manages the operations that occur in the post-production phase through the point of sale. Their focus is to utilize opportunities related to stranded reserves, transportation requirements and high grading of product to be delivered.

Capital City Energy derives their revenues through the ownership and operation of oil and natural gas properties, the management of energy funds, and the ownership of oil field service companies that provide drilling, well operating, and well completion services. The company is known for their success and strong ability to bring capital, management, and vital services to oil and natural gas operating companies.

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Recent Independent Report Suggests Value of Capital City Energy Group Inc. (CETG.OB) Oil and Gas Reserves Increased by 50% in Latest Quarter

Friday, September 5th, 2008

Capital City Energy Group Inc. (CETG.OB) is a rapidly expanding energy company whose strategy is to continue to grow a portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. The company has named their strategy the “Triad” business model, and this tripartite model consists of: fund management, principal investments, and strategic acquisitions of energy-related companies.

Capital City Energy recently announced results from an independent reserve report conducted by a leading petroleum engineering company, James Engineering, Inc. The aim of the report was to value the company’s proven oil and gas reserves. The report concluded that the value of the company’s reserves increased by nearly 50% during the 2nd quarter of 2008. The evaluation was conducted on the company’s 178 producing properties located in 14 states.

Capital City Energy CEO Timothy W. Crawford said, ” are pleased that we were able to double the value of our reserves, despite the fact that we are in the early stages of proving up the oil and gas assets on our properties. This reserve report will enhance our financial flexibility and validates our strategy of low-risk exploration and production activities that will deliver near-term revenue.”

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Capital City Energy Group Inc. (CETG.OB) Corporate Overview

Wednesday, September 3rd, 2008

Capital City Energy Group Incorporated, a Columbus, Ohio-based company focused on the oil and natural gas industry, has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. In order to pursue this strategy, Capital City has employed a “Triad” business model which is composed of three parts: Fund Management, Principal Investments and Strategic Acquisitions of energy-related companies.

The Triad business model employed by Capital City Energy is helping them vertically integrate several aspects of the oil business through well-timed and carefully calculated strategic acquisitions. Targets of interest for the company are complementary businesses such as well operators, drillers, pipelines, energy service companies and lease owners, and other companies that could help to give Capital City a financial advantage over its competitors.

Direct ownership in the full spectrum of assets within the energy industry transforms Capital City Energy into a more dynamic and full-service energy company. By properly acquiring and managing assets, Capital City Energy aims to build shareholder value. The company will continue to get stronger as it builds more relationships in the industry, including beneficial relationships with other companies. As the company grows, so will potential revenues and earnings through economies of scale and management efficiencies, which will create and maintain higher profit margins.

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Capital City Energy Group, Inc. (CETG.OB) Appoints David Tenwick to Board of Directors

Wednesday, August 27th, 2008

Capital City Energy Group Inc. (CETG.OB), a diversified oil and natural gas company, is pleased to announce the appointment of David Tenwick to its board of directors. Tenwick brings about 15 years of experience in the energy sector, as he was a co-founder and director of Nucorp Energy, Inc. Currently, Tenwick serves as a chairman at Adcare Health Systems, Inc. (ADK), a long-term care, home care, and management company that he founded in 1991.

Tenwick attended the University of Cincinnati, where he earned a Bachelor of Business Administration (BBA) and a Juris Doctor (JD) degree. He moved on to co-found the Ohio Assisted Living Association – which promotes high-quality assisted living throughout Ohio – and to become a member of the Ohio State Bar Association. In his early years, Tenwick served as an enforcement attorney for the United States Securities and Exchange Commission.

Between 1967 and 1982, Tenwick gained experience in the energy sector by co-founding NuCorp Energy, Inc., a publicly traded energy company that focused on oil and gas properties along with commercial and residential real estate. As an independent business consultant from 1982 to 1990, Tenwick served as a director and an officer of several companies, including Douglass Financial Corporation, a surety company, and AmeriCare Health & Retirement, Inc., a long-term-care management company.

“I am pleased that Dave has accepted an appointment to our Board of Directors,” stated Timothy Crawford, CEO of Capital City. “He has extensive experience as a director of small publicly-traded companies, and the expertise of investing in oil and gas properties, which will benefit Capital City Energy Group as it develops its own properties and grows through acquisition.”

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Capital City Energy Group Inc. (CETG.OB) Subsidiaries Help Drive Efficiency and Profitability

Tuesday, August 26th, 2008

Capital City Energy Group Incorporated is an oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. This strategy allows Capital City to run multiple operating companies as wholly-owned subsidiaries in an effort to become one of the largest and most efficient companies in the industry. While many competitors have to pay third party vendors for oil field services, Capital City has the option to go in-house and avoid the expensive and often unnecessary fees typically associated with third party interactions. Working with their subsidiaries on projects also gives them a greater degree of control over the timing and budgets of their projects.

Capital City Petroleum, Avanti Energy Partners and Eastern Well Partners are all companies that were previously acquired and now operate as wholly-owned subsidiaries of Capital City Energy Group. The nature of successfully completing vertical integration of these companies and services allows Capital City Energy Group to continue their smooth operations and maintain high profit margins through efficiency. Through their subsidiaries’ operations, Capital City has access to well operators, drillers, pipelines, and various other energy services at lower costs.

Capital City Petroleum manages all downstream services for Capital City Energy Group. The company is in charge of all operations from the time production is complete until the actual point of sale. Pipeline transportation, lubricants, processing and refining are just a few examples of the operations Capital City Petroleum handles. Other services not covered but needed in the production process are covered by Eastern Well Partners. They provide many necessary services that bring the drilling and exploration stage all the way to production. These services include critical stages such as wireline, fracturing, logging and well testing services.

Avanti Energy Partners is the investment branch of Capital City Energy Group. Avanti uses leading-edge investment strategies and superior fund management in order to make optimal investment choices. These choices have been proven with exceptional returns on investments by Capital City Energy Funds and through selecting promising joint ventures to lock in future income. Avanti also develops and oversees drilling operations performed by any investment ventures.

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Capital City Energy Group Inc. (CETG.OB) Investing Capital for the Future

Friday, August 22nd, 2008

Capital City Energy Group Incorporated is an American oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. They call their business model a “Triad” which is composed of three parts: Fund Management, Principal Investments and Strategic Acquisitions of energy related companies. Through this business model Capital City Energy Group is ensuring their current income stream and an eventual income growth that is sustainable well into the future.

The company hopes to grow shareholder value by meeting the investment community’s need for energy opportunities. One of the main sources for this is through Capital City’s Principal Investment (PI) division. The PI division is how Capital City invests; through the deployment of their own capital in energy properties through joint ventures and partnerships with other oil and natural gas companies. Their partnerships and investments range from strategic ownership in production to locations for future drilling, equipment, pipelines, seismic, acreage or other energy related properties.

The long-term goal of the PI division is to function strategically with Capital City’s other divisions in order to create attractive cash flow returns, while growing a strong asset base, including proven and probable oil and gas reserves. Looking at the big picture, the company’s long-term goal is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. Meeting these goals in the short and long term will create organic growth and drive shareholder value.

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Capital City Energy Group Inc. (CETG.OB) is Driving Growth Through Intelligent Acquisitions

Thursday, August 21st, 2008

Capital City Energy Group Incorporated is an American oil and natural gas company that employs a vertical integration strategy to become a leader in the industry. One of the ways they continue to thrive in the market place is through strategic acquisitions of complimentary and competing businesses. The Strategic Acquisitions division of the company is dedicated to finding complementary businesses that would ensure a financial advantage to Capital City if they were acquired and incorporated into the company’s highly successful business model.

Acquisitions may be in the form of a merger, joint venture or outright purchase of a company and are typically done quickly and efficiently. Capital City Energy Group seeks out opportunities to acquire and/or collaborate with reliable oil and natural gas industry partners in all aspects of the production process. The acquisitions targeted include well operators, drillers, pipelines, energy service companies, lease owners, and other players that will help in the vertical integration of the company.

The direct ownership in the full spectrum of energy assets allows Capital City to extend greater strategic control over their investments and strengthen their position as a full-service energy company. A few examples of previously acquired companies that are now operating as wholly-owned subsidiaries of Capital City are: Capital City Petroleum, Avanti Energy Partners and Eastern Well Partners. These three subsidiaries allow Capital City Energy to streamline all processes and not pay expensive fees to third party vendors who charge higher rates simply because their services are a necessity. It is through the careful research and dedication of the Strategic Acquisition division that Capital City Energy Group is able to continue their smooth operations and maintain high profit margins through efficiency.

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Capital City Energy Group, Inc. (CETG.OB) Schedules Conference Call this Week to Discuss Financial Results

Tuesday, August 19th, 2008

Capital City Energy Group, Inc. announced today that it will be hosting a conference call on Thursday, August 21, 2008 at 2:00 PM EST. Tim Crawford, Chief Executive Officer of Capital City Energy Group, as well as other executives, will discuss financial results for the period ended June 30, 2008 and other related matters.

Those who wish to participate should dial 1-866-706-1343, then enter the conference entry code: 652022. Those who are unable to attend the conference call at the scheduled time can listen later by dialing 1-800-332-6854 or 1-973-528-0005, then using the entry code: 652022. The digital replay will be available until September 2, 2008.

Capital City is a Columbus, Ohio based incorporation committed to growing its diverse oil and natural gas operations. The company is focused on growing a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.

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Capital City Energy Group Inc.’s (CETG.OB) Fund Management Business

Friday, August 15th, 2008

Capital City Energy Group Incorporated is an oil and natural gas company that has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.

Capital City’s fund management business structures, funds and manages energy properties for retail and institutional investors. These energy funds are marketed under the name of Capital City Energy Funds and managed by Avanti Energy Partners, LLC. These energy funds are structured as direct participation programs for accredited investors and distributed through regional Broker-Dealers, Financial Planners, Registered Investment Advisors and Wholesalers of financial service products for the benefit of their clients.

Avanti invests the capital for each energy fund by partnering with successful oil and gas companies that have established histories, excellent track records, and possess the regional expertise to develop and exploit their asset base. CETG utilize the vast experience of their management team and consultants in the oil and gas exploration, development, drilling, and production areas, to create income-oriented direct participation investment programs. This successful strategy is one of the ways CETG helps to offset the risk and market volatility that is often associated with the oil and gas industry, and helps to create a sustainable long term revenue stream for the company.

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Capital City Energy Group (CETG.OB) Recently Applied for AMEX Listing; Stock Uptrends Steadily

Thursday, August 14th, 2008

Capital City Energy Group announced earlier this month that it has submitted an application to list its shares of common stock on the American Stock Exchange LLC (AMEX). CEO Timothy Crawford believes listing on the AMEX exchange will enhance shareholder liquidity and value. Since the beginning of July, the stock price has been on a steady uptrend, recently hitting $3.10, a 49.8% increase.

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Capital City Energy Group, Inc. (CETG.OB) is Led by a Strong Management Team

Wednesday, August 13th, 2008

Capital City Energy Group, Inc. (OTCBB: CETG) is an oil and natural gas company whose business has evolved from being an innovative leader in the design, management, and sponsorship of retail and intuitional direct participation energy programs, to become one of the few vertically integrated independent oil and natural gas companies. The company focuses on growing their portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions, and fund management.

The upper management team is headed by Mr. Timothy W. Crawford, Chairman and CEO of Capital City Energy. He designed and introduced Capital City Energy’s first energy fund offered to individual investors. His management experience is vast, as he was the managing director for a group of professionals who consulted for businesses and high net-worth individuals to review and explore alternatives to their investments, banking, and insurance needs. Prior to that, Mr. Crawford spent 12 years working at Banc Stock Financial Services, Inc., a wholly owned subsidiary of Diamond Hill Capital Management, Inc. (DHIL). His duties included participating in the original equity offering for the Banc Stock Group before assisting in taking the firm public, and worked in their investment banking division.

Joining the company in 2005 was Mr. Keith J. Kauffman, Capital City Energy’s President. With over 20 years of experience in the energy and petrochemical industries – serving as an engineer and financial analyst for Exxon Mobile Corporation – Mr. Kauffman has tremendous knowledge about the oil and natural gas industry. During his tenure at Exxon Mobile, he participated in business unit audit assessments on-location throughout Europe and West Africa, and was a key contributor in implementing drilling cost coding efficiency improvements worldwide. He completed numerous assignments in field operations and natural gas engineering in Kansas, Wyoming, Oklahoma, and Texas. Mr. Kauffman received a bachelor’s degree in chemical engineering from the University of Oklahoma and a master’s degree in business administration and finance from the University of Houston.

Serving as Vice President of Capital City Energy is Mr. Roger M. Gray, who joined the company back in 2006, and was employed in various positions in the oil and natural gas industry prior to accepting the position from Capital City Energy. His key responsibilities at the company include overseeing day-to-day operations for the firm and the Capital City Energy Funds. His experience within the oil and natural gas industry ranges from conducting and performing analyses of potential drilling opportunities to financial and business planning. The majority of his experience is in the exploration of oil and natural gas wells in the Appalachian Basin. Additionally, Mr. Gray was a pioneer in the sales and marketing of natural gas in a deregulated arena to industrial and commercial end users on various intrastate and interstate natural gas pipelines throughout much of the Midwest.

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Capital City Energy Group, Inc.’s (CETG.OB) CEO to Give Up Salary and Bonus

Wednesday, August 13th, 2008

In this morning’s news, Capital City Energy Group, Inc. CEO Timothy W. Crawford announced that he has foregone his salary and any stock-based compensation for this year. As a result of this action, Mr. Crawford will not receive cash or stock compensation earned during 2008. According to the company, the CEO is the largest beneficial owner of shares.

Commenting on the action, Mr. Crawford stated, “Since we have become public, the Company has made substantial progress in building both the exploration, production and energy services businesses. We have also incurred additional costs as a public entity that we did not have as a private company. As the Company’s largest shareholder, I felt it was appropriate to help defray some of these expenses by eliminating my compensation this year, in order to enhance Capital City’s earnings. Increased earnings directly affects the value of the shares.”

Capital City Energy Group understands what it takes to see sustained business success, which includes high standards of business conduct, effective corporate governance, sound financial controls, operational integrity and community engagement. These values are evident in the company’s underlying principles which accentuate teamwork and commitment to professional superiority and integrity. The management is dedicated to growing and maintaining the company’s unique corporate culture, while upholding core values which place the interests of shareholders first.

Let us hear your thoughts: Capital City Energy Group Message Board

Capital City Energy Group, Inc. (CETG.OB) is Seeking to Make Great Strides

Monday, August 11th, 2008

Capital City Energy Group, Inc. (OTCBB: CETG) is a diversified oil and natural gas company that operates through three divisions to progress from a design management and sponsor of retail energy programs, to one of the few vertically integrated independent oil and natural gas companies. The company recently announced that they have applied for listing their shares of common stock on the American Stock Exchange LLC (AMEX), as well as made public that they have taken full interest in the prolific Fayetteville Shale located in Van Buren and Cleburne Counties in Arkansas.

Although no assurance can be given that the company’s common stock will be accepted for listing, Capital City Energy believes that they meet the quantitative standards for original listing under the standards listed in the Amex Company Guide. The company’s management team is fully aware of the significance of being listed on AMEX, “The submission of our application to the AMEX is an important step in gaining greater exposure in the investment community,” stated Capital City CEO, Timothy W. Crawford. He continued, “We believe that the listing of our common stock on the AMEX will enhance shareholder liquidity and value, building on the Company’s accomplishments in the short time it has been public.”

The Fayetteville Shale is located in northern Arkansas and is an unconventional natural gas resource which has similar characteristics to the Texas Barnett Shale formation. The thickness of the producing shale zones range from approximately 50 feet to more than 600 feet, and natural gas in place is estimated between 58 and 65 billion cubic feet per square mile. Currently, the company is actively drilling on more than 30,000 acres within these counties. Drilling activity is increasing at the rate of 8 to 10 new producing wells per month, with production from the wells averaging over 1 million cubic feet per day of natural gas production.

Mr. Crawford stated, “The Fayetteville Shale has quickly developed into a large unconventional gas resource and has attracted national attention due to the success in the area of such prominent energy firms as Chesapeake Energy and Southwestern Energy Company. With production increasing rapidly, we believe that the play could be a promising source of revenue.”

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Capital City Energy Group Inc. (CETG.OB) Applies for Listing on the AMEX

Thursday, August 7th, 2008

Capital City Energy Group Incorporated announced August 6, 2008 that it has applied for listing of its shares of common stock on the American Stock Exchange LLC (AMEX). The Columbus, Ohio based company is an oil and natural gas company that has grown a reputation for being a leader amongst a very select group of vertically integrated oil and natural gas companies. Their strategy is to continue to grow a portfolio of core areas that provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.

Timothy W. Crawford, Chief Executive Officer of Capital City Energy, said, “The submission of our application to the AMEX is an important step in gaining greater exposure in the investment community.” Crawford also added, “We believe that the listing of our common stock on the AMEX will enhance shareholder liquidity and value, building on the Company’s accomplishments in the short time it has been public.”

The move from the OTC bulletin board to the American Stock Exchange would represent a significant confidence boost for skeptical investors. Management at Capital City Energy believes that it meets the quantitative standards for original listing under the standards listed in the Amex Company Guide. With additional investor confidence the company, which currently has a $90 million market cap, hopes to gain extra funding from eager investors.

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Capital City Energy Group Inc. (CETG.OB) Finds a Solid Balance with its Diversified Oil and Gas Holdings

Wednesday, July 30th, 2008

As if an investor needed to be told, supply and demand generally determines price and investment. Many may dispute this particular economic theory, but as in any natural equation, balance will be found. Oil and gas pricing, demand and supply are no different. Balance will be found regardless of how companies and governments might try to manipulate the process. A company that can be flexible enough to find this balance more quickly is the company that will profit most handsomely. The only trick to the process is how to find a balance that makes the most profit.

Capital City Energy Group Inc. is a diversified oil and gas company working in most aspects of the oil and gas exploration/production/delivery markets. The company operates on a triad business model oriented toward; energy fund management, oil well services and fractional ownership of oil and gas wells throughout North America.

For the most part, the company is well positioned in almost every aspect of the oil and gas markets. It owns well shares in almost every major oil and gas region of North America, manages energy funds for customers interested in energy and seeks out positions or ownership in oil and gas services companies. It is, however, the company’s fractional ownership in oil and gas wells across North America that generate the bulk of the company’s revenue.

Currently, the company owns a percentage of over 200 oil and gas wells located at all major oil and gas producing regions. As such, the company is exposed to the swings that commodity oil and gas prices experience. It does, however, balance these swings with a solid position in ownership, or part ownership, in oil and gas well services companies through its Eastern Well Services subsidiary. Generally, these types of companies – services companies – run with the same relative profit potential as oil and gas production but are somewhat less exposed to swings in commodity prices owing to the finite number of oil and gas production equipment and availability of crews.

Regardless of exposure, the company is currently seeking additional energy services companies (or shares) to add to its portfolio. How commodity pricing of oil and gas affects this effort is unknown, although it does point out the exposure risks, both up and down, that energy companies have to deal with – and their ability to balance them. Finding this balance is the key element to profitability in a rather volatile energy market. To this end, the company has found a balance with ownership in pipelines and other “to market” activities.

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Capital City Energy Group, Inc. (CETG.OB) is “One to Watch”

Monday, July 28th, 2008

Capital City Energy Group is an energy company focused on becoming one of the few vertically integrated independent oil & natural gas companies. The company’s strategic business plan is to build a portfolio of core areas that present growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.

By acquiring energy-related businesses that follow the direction of the company, Capital City Energy Group aggressively pursues its “Triad” business model that consists of: fund management, principal investments and strategic acquisitions. The cleverly designed Triad strategy enables the company to become more opportunistic and have greater control over its investments through vertical integration. By acquiring direct ownership in all the divisions within the energy industry, Capital City Energy Group becomes a more dynamic and full-service energy company.

Capital City Energy Group understands what it takes to see sustained business success, which includes high standards of business conduct, effective corporate governance, sound financial controls, operational integrity and community engagement. These values are evident in the company’s underlying principles which accentuate teamwork and commitment to professional superiority and integrity. The management is dedicated to growing and maintaining the company’s unique corporate culture, while upholding core values which place the interests of shareholders first.

Let us hear your thoughts: Capital City Energy Group, Inc. Message Board

Capital City Energy Group Inc. (CETG.OB) Drills into Arkansas Soil to Generate “Promising Revenues”

Tuesday, July 22nd, 2008

Capital City Energy Group Inc. (OTCBB: CETG) is a diversified oil and natural gas company operating in three divisions. The company is taking steps to switch gears, moving from institutional direct participation energy programs toward becoming a vertically integrated oil and natural gas company focused on grass-roots drilling, operating, service companies, acquisitions and fund management.

As part of this plan, the company today announced the acquisition of an interest in the prolific Fayetteville Shale in Arkansas. This acquisition allows the company to participate in the drilling of more than 30,000 acres, adding to its previous participation with 29 producing wells on the properties. Drilling activity has increased between 8 and 10 new producing wells per month, generating more than 1 million cubic feet per day of natural gas production.

“We are excited to have gained exposure to this high potential play,” Capital City CEO Timothy W. Crawford stated in the press release. “The Fayetteville Shale has quickly developed into a large unconventional gas resource and has attracted national attention due to the success in the area of such prominent energy firms as Chesapeake Energy and Southwestern Energy Company.”

Crawford said the Fayetteville Shale gives the company the potential it needs to further its evolution process. “With production increasing rapidly, we believe that the play could be a promising source of revenue,” Crawford stated.

The Fayetteville Shale is comparable to the Texas Barnett Shale formation, boasting thickness of the producing shale zones ranging from approximately 50 feet to more than 600 feet; natural gas in place is estimated between 58 billion and 65 billion cubic feet per square mile.

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Subsidiary of Capital City Energy Group (CETG.OB) Acquires Osage Wireline, Inc.

Thursday, June 5th, 2008

Earlier this week, it was announced that a subsidiary of Capital City Energy Group, Eastern Well Services, signed a letter of intent to acquire Osage Wireline, Inc. The cash and stock acquisition is expected to produce immediate benefits, including a postulated increase in gross revenues of around forty percent.

Eastern Well Services is a fast-growing oil and gas service entity with projects in both the United States and Africa. The company provides fracturing, cementing, logging, perforating, and well testing services for oil and natural gas companies. This latest acquisition will broaden Eastern’s wireline ability, which is the use of a cabling system to lower mining apparatus into an oil and gas well.

Osage Wireline Inc., which specializes in wireline technology and open-hole logging, is headed up by Mike Mackey. Mackey has been excelling in the wireline business for nearly three decades, attaining a wealth of knowledge which will be inherently beneficial for Eastern Well Services.

Eastern’s CEO Daniel Coffee comments: “I have known Mike Mackey, his experienced engineers, and personnel for years. I believe Mike’s expertise in this geographic area will be very beneficial as we join forces to better serve our customers in these regions. We plan on adding Cased Hole and production logging services to round out Osage’s wireline operations.”

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