Foothills Exploration Inc.

Foothills Exploration Inc. , including its direct and indirect subsidiaries, , an oil and gas exploration company focused on delivering the energy needs of today and tomorrow announced today an annual review of its financial performance for the year ending December 31, 2022. The Company settled and extinguished a considerable amount of its variable-rate and fixed-rate convertible debt during the year ending December 31 [...]

Foothills Exploration Inc. , including its direct and indirect subsidiaries, , an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce that it has acquired certain leases and wells located in Kansas and Oklahoma. The world is expected to remain dependent upon oil and natural gas as transitional energy sources until the world can produce enough quantities of [...]

Foothills Exploration Inc. , including its direct and indirect subsidiaries, , an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce that it has acquired certain leases and wells located in Comanche County, Oklahoma. Oklahoma Oil and Gas Properties On January 31, 2023, the Company closed on the acquisition of twenty-one shallow oil and gas wells, all [...]

Foothills Exploration Inc. , including its direct and indirect subsidiaries, , an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce a corporate update. Balance Sheet Initiatives: On November 25, 2022, the Company reached a settlement agreement with its largest institutional lender, which retired and extinguished a total of eleven convertible promissory [...]

Foothills Exploration Inc. , including its direct and indirect subsidiaries, , an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce that it has reached a settlement agreement and paid to extinguish a dilutive warrant. Balance Sheet Initiatives: For the remainder of the year, the Company's intended strategy is to settle and/or retire all of its outstanding [...]

Foothills Exploration Inc. , including its direct and indirect subsidiaries, , an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce completion operations have commenced on the Houser-Sears #6 well. The Houser-Sears #6 well was successfully drilled and logged, indicating the potential of new reserves within the leasehold. Geologic sample analysis and [...]

Foothills Exploration focused on delivering the energy needs of today and tomorrow, released its second quarter review of its financial performance for the three months ended June 30, 2022. Quarterly Highlights: Zhe Company continued solid revenue growth with its second consecutive quarter of growing revenue and its asset base. Foothills reported a 72% increase in revenue to $468,000 during the three months ended June [...]

Foothills Exploration is pleased to provide an update to drilling operations on the Houser-Sears #6 well. Foothills’ direct subsidiary, Anaconda Energy, is pleased to report that our partner, Benchmark Properties, has provided an update on its drilling operations previously announced at the Jasper, Illinois property. These field expansion drilling operations are designed to reveal important data on previously untapped oil [...]

Foothills Exploration, is pleased to announce commencement of drilling operations for the Houser-Sears #6 well. "We are pleased to report that our partner, Benchmark Properties, who is operator of the Ste. Marie West Project drilling and development program, has advised us that drilling is now underway at the Jasper, Illinois property. Foothills’ direct subsidiary, Anaconda Energy, owns a 50% working interest in the well [...]

Foothills Exploration is pleased to announce an update on its joint venture with Perspectum Drone Inspection Services. Natural hydrogen exploration is gaining momentum globally as demand for low-cost carbon-free hydrogen continues to grow exponentially. For example, in the state of South Australia, since February 2021, a total of 18 exploration licenses have been granted or applied for by six different companies searching [...]