Exploration & Production | People | Drilling & Completions | Capital Markets | Private Equity Activity
Kabe Exploration Chooses Operator; Brings on Geologist
Print
|
Kabe Exploration Inc. has reported its intention to hire Fortune Oil and Gas as the operator for its oil and gas assets on a turn-key basis. Fortune Oil and Gas (FOGC) currently operates two subsidiaries, Cressent Energy Inc., in Texas, and Alta Mining Inc, in British Columbia, Canada. Cressent Energy Inc. is an independent oil and gas company actively engaged in the exploration, development and production of oil and gas in the state of Texas.
Under the terms of the contract, Fortune will be tasked with all aspects of bringing Kabe's oil and gas properties into full production in a cost effective and environmentally conscious manner.
Kabe's president, Erik Ulsteen, commented, "Hiring Fortune Oil and Gas is a significant piece of our overall strategy to bolster revenues while minimizing…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations