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February 09, 2016 9:25 AM ET

Oil, Gas and Consumable Fuels

Company Overview of New Century Energy Corp.

Company Overview

On June 12, 2009, New Century Energy Corp. went out of business as per its Chapter 11 liquidation filing under bankruptcy. New Century Energy Corp., through its subsidiaries, engages in the acquisition, development, exploration, production, and sale of oil and natural gas in Texas. Its oil and gas properties are primarily located in Matagorda, McMullen, Goliad, and Wharton Counties in Texas. As of December 31, 2008, New Century Energy Corp. had proved reserves of 1,140,000 barrels of crude oil and 1.88 billion cubic feet of gas. The company was founded in 1985 and is based in Houston, Texas.

1770 St James Place

Suite 380

Houston, TX 77056

United States

Founded in 1985

3 Employees

Phone:

713-266-4344

Key Executives for New Century Energy Corp.

New Century Energy Corp. does not have any Key Executives recorded.

New Century Energy Corp. Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against New Century Energy Corp. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of New Century Energy Corp. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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