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Last $0.15 USD
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As of 8:10 PM 04/29/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

9700 Richmond Avenue

Suite 124

Houston, TX 77042

United States

Phone: 832-242-6000


Radiant Oil and Gas, Inc. operates as an independent oil and gas exploration and production company in the Gulf Coast region of the United States of America. The company also has the capacity to operate in the federal waters offshore Texas and Louisiana in the Gulf of Mexico. Vidalia: In 2013, the company acquired the Vidalia properties, which include various leases in Louisiana and Adams, Amite, Franklin and Wilkinson counties in Mississippi. The company has an average working interest in these properties of 97.2% and an average net revenue interest of 72.4%. The acquired leases represent 3,500 gross acres (2,964 net) and over 80 wells. Ensminger Project: The company had a minority interest in a well (Ensminger #1) drilled on this prospect. During 2013, the company has acquired a lease for materially the same area. The Ensminger Project covers 634 acres, of which the company owns a 100.0% working interest and have a net revenue interest of 75.0%. The Ensminger Project is located onshore in sugar cane fields in St. Mary Parish, Louisiana. Coral Project: The company has a 100% working interest and a 76.0% net revenue interest in the Coral Project. The company intends to act as the operator of this project to re-enter and complete a well. Coral consists of 1,405 gross acres in shallow Louisiana state coastal waters of St. Mary Parish. Regulations The company is subject to the requirements of the federal Occupational Safety and Health Act, or OSHA, and comparable state statutes. The OSHA hazard communication standard, the Emergency Planning and Community Right to Know Act and similar state statutes require that it organizes or discloses information about hazardous materials stored, used or produced in operations.


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