Year-End Review 2015: Torchlight Energy (NASDAQ: TRCH)
Torchlight Energy Resources, Inc. (NASDAQ: TRCH), based in Plano, Texas, is an oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields, and the Company currently holds interests in Texas, Kansas and Oklahoma where their targets are established plays such as the Wolf Penn, Eagle Ford Shale, Mississippi Limestone and Hunton Limestone trends, according to the company’s website (see here: www.TorchlightEnergy.com). SNNLive spoke with Will McAndrew, COO of Torchlight Energy Resources, Inc. at the LD Micro "Main Event" 2015 in Bel Air, CA.
In this video interview, Mr. McAndrew and our host discuss the following topics:
- Overview of Torchlight Energy Resources, Inc.
- Update on corporate developments and the company’s projects
- Comments on acquisition in West Texas
- Describes the Permian Basin
- Discusses oil prices and how that affects the company
The interview may contain forward looking statements about Torchlight Energy Resources, Inc. See Torchlight Energy's periodic filings with the Securities and Exchange Commission for more complete information.
(February 4, 2016 - 5:00 AM EST)
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
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