GeoResources, Inc. Company News

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GeoResources Reports Increase in Production, Reserves
GeoResources provided an operations update. "In less than three years, we have tripled our production and reserves and consistently and significantly expanded our acreage positions and drilling inventory," said Frank Lodzinski.
8:00 PM EST | July 06, 2010
GeoResources Triples Production, Adds Acreage
"In less than three years, we have tripled our production and reserves and consistently expanded our acreage positions and drilling inventory," said Frank A. Lodzinski.
8:00 PM EST | April 11, 2010
GeoResources Appoints New Board Members
GeoResources has appointmented two independent directors, Bryant W. Seaman, III, and Donald J. Whelley.
8:00 PM EST | March 31, 2010
GeoResources, Resolute Energy Enter Bakken Oil JV
GeoResources and Resolute Energy Corporation will jointly develop acreage in the Bakken Shale Trend of North Dakota, one of the fastest growing oil producing areas in the U.S.
7:00 PM EST | March 03, 2010
GeoResources Makes Headway in Williston Basin
GeoResources has provided an interim operations update on its joint venture in the Bakken Shale trend of the Williston Basin.
7:00 PM EST | February 15, 2010
GeoResources Updates on Bakken Shale, Austin Chalk Operations
"Our drilling programs continue to deliver positive results," said Frank A. Lodzinski, Chief Executive Officer of GeoResources. "Our strong cash flows, earnings, and liquidity provide adequate funding for our capital programs."
8:00 PM EST | October 12, 2009
GeoResources Provides Bank Credit Facility Update
GeoResources has received definitive approval from its banks to increase the facility to $250 million with an initial borrowing base of $135 million.
8:00 PM EST | July 07, 2009
GeoResources Clinches Giddings Acquisition, Reports on Drilling
GeoResources announced the acquisition of additional working interests in the Giddings Field, Texas, and has provided an operations update.
8:00 PM EST | June 02, 2009
GeoResources Keeps Budget, Updates Operations
At present, GeoResources Inc. plans to continue its previously announced capital budget and expects to spend approximately $30-$32 million in 2009. The company continues its successful horizontal drilling campaigns in Texas and North Dakota.
7:00 PM EST | February 03, 2009
GeoResources Drills Horizontally, Increases Production
GeoResources has completed additional horizontal wells in Texas and North Dakota, including the Keisler-2-H horizontal dual lateral well which has an initial production rate in excess of 20 MMCFPD.
8:00 PM EST | August 11, 2008
GeoResources Announces Private Placement
GeoResources, Inc. has entered into definitive agreements with institutional investors to sell 1.53 million shares of unregistered common stock in a private placement for $22.50 per share for gross proceeds of $34.5 million.
8:00 PM EST | June 05, 2008
GeoResources to Invest $91M in Oklahoma Oil & Gas Reserves
Partnering for a third time, GE Energy Financial Services, a unit of GE, and GeoResources, Inc, are investing up to $90.5 million to acquire and develop proven producing oil and gas reserves in Oklahoma.
8:00 PM EST | June 01, 2008
GeoResources Files Operations Update Form 8-K
GeoResources, Inc., has filed with the Securities and Exchange commission a Current Report on Form 8-K containing a comprehensive operations update, which includes reserve quantities and production results.
7:00 PM EST | February 20, 2008
GeoResources Increases 2008, 2009 Capital Budget
The Company believes the existing portfolio of properties have exploitation and exploration upside and recently increased its capital budget to $61.5 million, including expenditures associated with an affiliated institutional partnership.
7:00 PM EST | February 14, 2008
GeoResources Lassoes North Dakota, Montana Properties for $7.9 Million
GeoResources, Inc. has closed on the acquisition of producing properties from an unaffiliated party in the Williston Basin of North Dakota and Montana for $7.9 million.
7:00 PM EST | February 04, 2008
JV with Slawson to Begin Paying Off for GeoResources
The first joint venture well in this project area is expected to commence drilling by the end of the first quarter of 2008. Thereafter, it is anticipated that Slawson will continuously utilize the drilling rig on project wells into 2009.
7:00 PM EST | February 04, 2008
GeoResources Doubles Reserves and Production Base
GeoResources has acquired all of the limited partner interest in an affiliated partnership, from an undisclosed financial institution, for $91.1 million.
8:00 PM EST | October 17, 2007
GE, Partners Acquire Reserves in Texas and Oklahoma
GE Energy Financial Services has partnered with two experienced operators to acquire $154 million in oil and gas reserves in Oklahoma and Texas.
8:00 PM EST | May 07, 2007
GeoResources Completes Southern Bay, Chandler Mergers
GeoResources, Inc. has closed the mergers (collectively, "the Merger") with Southern Bay Oil & Gas L.P. and Chandler Energy, LLC after receiving all required shareholder approvals.
8:00 PM EST | April 17, 2007