Oil, Gas and Consumable Fuels
Company Overview of Dune Energy Inc.
On September 30, 2015, Dune Energy Inc. went out of business as per its Chapter 11 filing under bankruptcy. Dune Energy, Inc., an independent energy company, acquires, explores for, exploits, and develops crude oil and natural gas properties. Its properties cover approximately 74,000 gross acres across 15 producing oil and natural gas fields along the Louisiana/Texas Gulf Coast. As of December 31, 2013, the company’s total proved reserves were 93.1 billion cubic feet of natural gas equivalent consisting of 50.1 billion cubic feet of natural gas and 7.2 million barrels of oil. It sells its oil and gas products primarily to domestic pipelines and refineries. The company was founded in 1998 and...
Two Shell Plaza
777 Walker Street
Houston, TX 77002
Founded in 1998
Key Executives for Dune Energy Inc.
Dune Energy Inc. does not have any Key Executives recorded.
Dune Energy Inc. Key Developments
Dune Energy Inc. Announces Management Changes
Oct 1 15
Dune Energy Inc. announced that pursuant to the terms of the Final Plan, the company’s sole director James A. Watt was terminated as a Director of the company and from his positions as Chief Executive Officer, President and Secretary of the company without cause, effective from September 30, 2015, and Dan B. Lain was appointed as the sole member of the board of directors and as the plan trustee.
Dune Energy Inc. Announces Earnings Results for Month of June 2015
Jul 23 15
Dune Energy Inc. announced earnings results for month of June 2015. For the period, the company’s net loss before taxes was $1,102,552 and net loss of 1,102,552.
Dune Energy Inc. Reports Production Results for the Year 2014
Apr 3 15
Dune Energy Inc. reported year-end 2014 proved oil and gas reserves of 5,601 Mbo and 43.6 Bcf of gas or 12.9 MMBoe. Oil volumes decreased 1,562 Mbo or 22% and gas volumes decreased 6.5 Bcf over year-end 2013 reported reserves. PV@10% value of these reserves, as calculated in accordance with applicable financial and reporting standards of the Securities and Exchange Commission, totaled $256.6 million, a $55.1 million decrease or 17.7% below the year-end 2013 PV@10% value of $311.7 million. In total, 2014 sales were 376 Mbo and 1.6 Bcf or 643 MBoe. On a daily basis this averaged 1,762 Boe/day and 58% of the sales were oil. January sales were 1,346 Boe/day with 57% oil and February sales were 1,458 Boe/day with 67% oil.
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