An offer will only be made to accredited investors by a prospectus and this is not a prospectus. This is not an offer to sell a security nor is it an offer to buy a security. The production decision is based on known past In-Situ Recovery (ISR) and processing operations at these two production facilities and surrounding lands. There may be additional risks associated with the Company's operations not known at this time such as project cost overruns, environmental risks etc. No assurances can be made that the company will raise the necessary level of funding and/or achieve results from future operations to make the proposed future operations herein profitable. Natural gas equivalent is defined as the gross production volumes of natural gas, natural gas liquids and condensate combined and reported as one commodity as predicated by the current spot price of natural gas. Production estimates may be reported in natural gas equivalent. and the Boards of Genesis Energy (NYSE: GEL) and Encore Energy Partners. It is impossible to accurately forecast oil and/or natural gas production rates, reserves, prices, lease operating expenses, etc. Tracy previously held the position of President and Chief Operating Officer of. No assurances can be made as to the future production rates, reserves, etc. Horizontal drilling increases the mechanical risks of operations. There exist tremendous risk and uncertainty associated with oil and natural gas exploration and development. This release contains forward looking information and certain goals and/or timelines may or may not be achieved by the Company. Encore is currently working with industry participants and other independent producers to develop certain Texas oil properties. The Company's key experience is the utilization of the latest technological advancements related to horizontal drilling operations. "The horizontal drilling of both conventional and nonconventional well programs in Central East Texas continues at an explosive rate," said Steve Stengell.Įncore is a proud member of the IPAA Independent Petroleum Association of America, Society of Petroleum Engineers, NFIB National Federation of Independent Businesses and Bowling Green Chamber of Commerce.įor more information about Encore Energy, Inc., please visit or follow us on Facebook at About Encore Energy: Encore's management team was also responsible for constructing a pipeline system in Grimes County, Texas that delivered gas from multiple horizontal wells to an Atmos Energy connection. Stengell and the other members of Encore's management team have previously served as an operator in both Texas and Oklahoma and have made several horizontal oil and natural gas discoveries in Central East Texas over the last several years.
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