Type Public company Industry Petroleum industry Key people Cary Bounds, CEO Revenue 127 million USD (2014) | Traded as NYSE: EGY Founded 1985 Products Petroleum
Natural gas | |
Stock price EGY (NYSE) US$ 0.92 0.00 (+0.28%)3 Apr, 3:26 PM GMT-4 - Disclaimer Headquarters Houston, Texas, United States Production output 3,800 barrels of oil equivalent (23,000 GJ) per day Subsidiaries VAALCO Gabon (Etame) Inc | ||
Vaalco energy inc visits the nyse
VAALCO Energy, Inc., is a petroleum and natural gas exploration and production company headquartered in Houston, Texas with operations primarily in West Africa.
Contents
Current operations
Of the company's 2014 production of 3,800 barrels of oil equivalent (23,000 GJ) per day, 97% was petroleum and 3% was natural gas.
97% of production was in Africa, while 3% of production was in the United States.
West Africa
The Company’s primary source of revenue is from its 28.07% interest, via a production sharing contract, in operations in the 750,000 acre (3,000 km²) Etame Marin block, located offshore near Gabon, West Africa.
Other participants in the Etame Marin block are Addax Petroleum Etame Inc. (31.36%), Sasol Petroleum Etame Ltd. (27.75%), Sojitz Etame Ltd. (2.98%), PetroEnergy Resources Corp. (2.34%), and Tullow Oil Gabon SA (7.5%).
United States
The company owns a lease with 2 producing wells in the Granite Wash formation in Texas and deep rights on a lease in Montana. However, due to low commodity prices, the company has stated it will not focus additional resources on domestic production.