Additionally, Whittier is pleased to announce that it has retained Enercom, Inc. to help with its investor relations needs. EnerCom works primarily with energy industry clients from its Houston and Denver offices.
"This property is a timely purchase given the current high commodity price environment we are in.'' said Bryce Rhodes, President and CEO. "We are excited about the additional cashflow this acquisition will generate and it fits within our existing area of operations. We have also identified behind-pipe reserves in two wells, reflecting our strategy of acquiring assets with upside potential to generate long-term value for Whittier. The field is in excellent condition and we believe there may be additional opportunities to improve its operating efficiency.'"
Most Popular Articles