Energytec Inc. was formed under the laws of the state of Nevada in July 1999. Energytec was formed for the purpose of engaging in oil and gas producing activities through the acquisition of oil and gas properties that have previously been the object of exploration or producing activity, but which are no longer producing or operating due to abandonment or neglect. The traditional focus of the Company has been the production of remaining recoverable hydrocarbons that can be developed through conventional and non-conventional improvement methods and production enhancement techniques. We own working interests in 60,701 acres of oil and gas leases in Texas and Wyoming that now include 108 gross producing wells and 343 gross non-producing wells. Our wholly owned subsidiary, Comanche Well Service Corporation became the operator of all properties owned by Energytec on April 1, 2006, by posting a cash bond of $250,000 with the Texas Railroad Commission. During 2006 we reviewed approximately 100 of the existing non-operational wells, evaluating the potential for placing those back on production. Options considered included joint ventures, farm-outs, or other partnering arrangements. Through this analysis process we have determined that any incremental production that could be realized from certain unprofitable fields and problematic wells may not justify the expenditures that would be necessary to realize such production. We intend to continue the evaluation of fields and wells that show the potential for profitability through enhanced recovery methods and to evaluate opportunities beyond those associated with current oil and gas properties held by the Company as discussed further in “Our Plan”. We also own a gas pipeline of approximately 63 miles in Texas and a well service business operated through our subsidiary, Comanche Well Service Corporation, a drilling business operating through our subsidiary, Comanche Rig Services Corporation, and a sales and distribution business for enhanced oil recovery chemicals and materials related to well operation services through our subsidiary, Comanche Supply Corporation.
Company profile
Ticker
EYTC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
752835634
Latest filings (excl ownership)
REVOKED
Registration or securities revoked
3 Dec 10
8-K
Bankruptcy or Receivership
2 Jul 09
UPLOAD
Letter from SEC
29 Apr 08
UPLOAD
Letter from SEC
3 Apr 08
UPLOAD
Letter from SEC
3 Apr 08
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
25 Mar 08
8-K
Departure of Directors or Principal Officers
25 Jan 08
8-K
Other Events
4 Jan 08
CORRESP
Correspondence with SEC
13 Dec 07
10-Q
2007 Q3
Quarterly report
19 Nov 07
Latest ownership filings
No filings