Endeavour International Corp
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Houston, Texas-based '''Endeavour International Corp''' (NYSE Amex: END) (LSE: ENDV) is a natural gas exploration company with major emphasis on North Sea gas fields. Recently it began expanding its portfolio of properties in the U.S. | Houston, Texas-based '''Endeavour International Corp''' (NYSE Amex: END) (LSE: ENDV) is a natural gas exploration company with major emphasis on North Sea gas fields. Recently it began expanding its portfolio of properties in the U.S. | ||
- | Endeavor was in the news in January, 2010 when it acquired 50% of the interests of ''Cohort Energy Company'' (a subsidiary of ''J-W Operating Company'') in the latter's [[Marcellus shale|Marcellus]] leasehold through a participation agreement. This amoumted to 48,300 gross or 19,750 net acres. The leasehold was 44 percent held by production and is located in western [[Pennsylvania]]. Endeavor was to pay $15 million up front and to pay a share of Cohort's drilling and completion expenses for the next few years. The transaction also covered 7,250 net acres in the [[Haynesville shale|Haynesville shale formation]]. | + | Endeavor was in the news in January, 2010 when it acquired 50% of the interests of ''Cohort Energy Company'' (a subsidiary of ''J-W Operating Company'') in the latter's [[Marcellus shale|Marcellus]] leasehold through a participation agreement. This amoumted to 48,300 gross or 19,750 net acres. The leasehold was 44 percent held by production and located in western [[Pennsylvania]]. Endeavor was to pay $15 million up front and to pay a share of Cohort's drilling and completion expenses for the next few years. The transaction also covered 7,250 net acres in the [[Haynesville shale|Haynesville shale formation]]. |
* William L. Transier is Endeavour's Chairman, CEO and President. | * William L. Transier is Endeavour's Chairman, CEO and President. |
Revision as of 01:59, 7 January 2010
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Houston, Texas-based Endeavour International Corp (NYSE Amex: END) (LSE: ENDV) is a natural gas exploration company with major emphasis on North Sea gas fields. Recently it began expanding its portfolio of properties in the U.S.
Endeavor was in the news in January, 2010 when it acquired 50% of the interests of Cohort Energy Company (a subsidiary of J-W Operating Company) in the latter's Marcellus leasehold through a participation agreement. This amoumted to 48,300 gross or 19,750 net acres. The leasehold was 44 percent held by production and located in western Pennsylvania. Endeavor was to pay $15 million up front and to pay a share of Cohort's drilling and completion expenses for the next few years. The transaction also covered 7,250 net acres in the Haynesville shale formation.
- William L. Transier is Endeavour's Chairman, CEO and President.