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July 29, 2015 4:26 AM ET

Energy Equipment and Services

Company Overview of Glori Energy Inc.

Company Overview

Glori Energy Inc., an energy technology and oil production company, provides services to third party oil companies. The company operates through AERO Services, and Oil and Gas segments. The AERO Services segment provides biotechnology solutions of enhanced oil recovery through a two-step process, including analysis phase, a reservoir analysis and treatment design phase that represents oil and water samples from the reservoir as part of its screening process to evaluate AERO system potential; and field deployment phase that mobilizes skid-mounted injection equipment to the field location. The Oil and Gas segment engages in the production and sale of oil and natural gas. The company serves int...

10350 Richmond Avenue

Suite 850

Houston, TX 77042

United States

Founded in 2005

42 Employees

Phone:

713-237-8880

Key Executives for Glori Energy Inc.

Chief Executive Officer, President and Director
Age: 52
Total Annual Compensation: $494.3K
Chief Financial Officer
Age: 63
Total Annual Compensation: $329.1K
Compensation as of Fiscal Year 2014.

Glori Energy Inc. Key Developments

Glori Energy Begins Aero Technology Field Injection at its Coke Field in Wood County, Texas

Glori Energy Inc. announced that it has commenced the nutrient injection phase of AERO implementation at its Coke Field in Wood County, Texas. Glori's patented AERO system, which was developed in collaboration with Statoil of Norway, works by injecting a proprietary mix of nutrients into water drive or waterflood sandstone reservoirs. The nutrients "feed" and stimulate microorganisms living in the reservoir, and their increased activity improves the water sweep and the flow of oil through the reservoir to the wellbore. AERO technology has been commercially deployed by Glori with various exploration and production clients in the U.S. and Canada and with Petrobras in Brazil. The Coke Field is part of Glori's ongoing strategy to acquire mature producing oil properties that have significant amounts of remaining oil and advantageous characteristics for the AERO System to increase production and recover that residual oil.

Glori Energy Inc. Announces Executive Changes

On June 29, 2015, the board of directors of Glori Energy Inc. elected and ratified director Mr. Mark Puckett as its new Chairman of the Board. Mr. Puckett succeeds John U. Clarke, who resigned from its board on June 29, 2015 after four years of service to focus on other business commitments. Mr. Puckett, age 63, has served as an independent director of Glori Energy since April 2011. He is a member of the Society of Petroleum Engineers and the Dean's Advisory Council, College of Engineering at Texas A&M University. Mr. Puckett also serves on the board of directors of Concho Resources and is involved in private investments.

Glori Energy Inc.(NasdaqCM:GLRI) dropped from Russell 2000 Index

Glori Energy Inc. will be removed from Russell 2000 Index

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 2, 2014
Three Additional Leases at Coke Field in Wood County, Texas
 

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