July 25, 2017 12:55 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Pinedale Energy Limited

Company Overview

Pinedale Energy Limited engages in the identification, exploration, and development of oil and gas properties in the United States. It holds interests in 17 developed and undeveloped oil and gas mineral leases that covers approximately 11,995 acres located in Pinedale field area, Sublette County, Wyoming. The company is headquartered in Vancouver, Canada.

669 Howe Street

Suite 650

Vancouver, BC V6C 0B4

Canada

Phone:

778-725-1488

Fax:

604-428-1124

Key Executives for Pinedale Energy Limited

Chief Executive Officer, President & Director
Age: 55
CFO & Corporate Secretary
Age: 56
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2016.

Pinedale Energy Limited Key Developments

Pinedale Energy Limited Provides Update on Pinedale Field Area Operations

Pinedale Energy Limited has provided an update on the Pinedale field area operations previously announced on June 6, 2017. The Company's operating partner has commenced a 2017 infill directional drilling program on a jointly owned oil and gas lease in the Warbonnet area of the Pinedale natural gas field in southwestern Wyoming. To date, the Company has received and signed authorizations for expenditures ("AFEs") for four new wells (0.85 net) on the lease. The estimated gross cost of the AFEs is an average of USD 2.8 million per well, or approximately USD 595,000 per well to Pinedale. Sustained systematic drilling operations commenced on July 12, 2017 targeting bottom hole depths of approximately 14,300 feet. The drill rig is positioned on a simultaneous operations pad that was constructed to accommodate the development of a minimum of 20 new well locations on the lease. A total of 20 drilling locations including the four wells in progress are permitted and the operator has set conductors to depths of approximately 80 feet at each surface hole location on the pad. Pinedale's wholly owned subsidiary, Pinedale Energy Inc., owns a 21.25% non-operated working interest in the lease along with 8 producing directionally drilled vertical wells (1.7 net) situated on the lease that were developed in 2014/2015.

Similar Private Companies By Industry

Company Name Region
0770728 BC Ltd. Americas
0893624 B.C. Ltd. Americas
101047025 Saskatchewan Ltd. Americas
1089814 Alberta Ltd. Americas
1211115 Alberta Ltd. Americas

Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 3, 2017
--
Merger/Acquisition
March 1, 2017
Outrider Energy Corp.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Pinedale Energy Limited, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.