Vmbook Online ordering
New Source Energy Partners Lp
Sure, here's some general information about Independent Oil and Gas, which trades on the NYSE under the ticker symbol "NSLP":
* Independent Oil and Gas, Inc. is a development-stage company that focuses on acquiring oil and natural gas properties in the United States. The company aims to acquire and develop oil and gas assets that are in the early stages of development and require additional capital and expertise to reach their full potential.
* The company's primary focus is on the acquisition and development of "non-operated" oil and gas properties, which means that it does not operate the properties directly but rather partners with experienced operators who manage the day-to-day production.
* Independent Oil and Gas has assembled a portfolio of properties in several prolific oil and gas basins in the United States, including the Permian Basin in Texas and New Mexico, the Williston Basin in North Dakota and Montana, and the Eagle Ford Shale in South Texas.
* The company's strategy is to generate returns through the development and exploitation of these properties, with a focus on increasing production, reserves, and cash flow.
Regarding the company's financial performance, here are a few key metrics to consider:
* Revenue: In the third quarter of 2022, Independent Oil and Gas reported net production of 12,677 barrels of oil equivalent per day (Boe/d) and total revenue of $44.9 million.
* Adjusted EBITDAX: The company reported an adjusted EBITDAX of $22.4 million in the third quarter of 2022, which represents an increase of 10% compared to the same period in the previous year.
* Net income: Independent Oil and Gas reported a net income of $5.2 million in the third quarter of 2022, compared to a net loss of $4.4 million in the same period in the previous year.
* Growth: The company has been focused on growing its production and reserves through the development of its existing properties and the acquisition of new assets. In the third quarter of 2022, the company reported a 10% increase in production compared to the same period in the previous year.
* Valuation: As of March 2023, Independent Oil and Gas had a market capitalization of around $740 million. The company's enterprise value is around $919 million, which includes its market capitalization plus its net debt of around $179 million.
It's worth noting that the company has recently faced some challenges, including lower commodity prices and production challenges in some of its operating areas. However, the company has also made efforts to strengthen its balance sheet and has recently announced promising drilling results in some of its core operating areas.
Overall, Independent Oil and Gas is a company that has a focus on acquiring and developing oil and gas properties in the United States, and its financial performance has been impacted by factors such as production levels, commodity prices, and costs.