Foothills Exploration Inc. , including its direct and indirect subsidiaries, , an independent oil and gas exploration company engaged in the acquisition and development of natural gas and oil properties today released an update on the Company's compliance and financial filings status as well as balance sheet initiatives for the remainder of calendar year 2021. The Company's main focus is becoming OTC compliant, and [...]
Foothills Exploration Inc., an independent oil and gas exploration company engaged in the acquisition and development of natural gas and oil properties in the Rockies provides an update to its shareholders. Dear Investors: First, we acknowledge that we are late in filing our most recent 10-Q report. We are working to be on file with the Commission as soon as possible. Against a backdrop of recent pricing pressure on [...]
Foothills Exploration Inc. is pleased to provide an update on and report the results of a recent independent reserve and resource evaluation on its recently acquired properties located in the Green River Basin, Wyoming. Update The Company has successfully increased production by as much as 40% on certain wells since acquiring the properties earlier this year. The asset has exceeded the Company’s expectations and [...]
Foothills Exploration Inc. , an independent oil and gas exploration company engaged in acquiring and developing oil and natural gas properties in the Rockies, today announced that it plans to acquire natural gas wells and acreage for production and development in Stillwater and Golden Valley counties, Montana. The transaction, which represents Foothills’ second acquisition in Montana, is expected to close in the [...]
Foothills Exploration Inc. provided an update on its proposed acquisition of 7,000 acres and 87 oil and gas wells in Montana. "We look forward to closing on this transaction during Q3 this year, and when closed we expect that this Montana asset will add accretive value to our asset base and complement our existing portfolio," stated Kevin Sylla, Executive Chairman of Foothills. “This planned acquisition will add [...]
Foothills Exploration Inc. provided an update on its proposed acquisition of 7,000 acres and 87 oil and gas wells in Montana. "We look forward to closing on this transaction during Q3 this year, and when closed we expect that this Montana asset will add accretive value to our asset base and complement our existing portfolio," stated Kevin Sylla, Executive Chairman of Foothills. “This planned acquisition will add [...]
Foothills Exploration Inc. today released an annual and first quarter review of its financial performance for the year-ending December 31, 2018 and for the three months ended March 31, 2019. Q1 Highlights: Foothills reported a 36% increase in revenue to $996,819 during the three months ended March 31, 2019 , compared to $728,230 for the three months ended March 31, 2018 . Foothills reported a 34% decrease in losses from [...]
Foothills Exploration Inc. , an independent oil and gas exploration company engaged in the acquisition and development of natural gas and oil properties in the Rockies today released its operations update for the recent Greater Green River Basin asset acquisition. Operations During the first 30 days of operations ending March 31, 2019, the Company successfully generated an 11% increase in net gas production rates by [...]
Foothills Exploration Inc. today announced the appointment of Tara Roberts to the position of Vice President of Business Development. In this role, Roberts will lead the Company’s business development efforts, including the formation of strategic alliances, joint ventures and identifying, shaping and capturing new business opportunities across targeted oil and gas basins. Roberts will ensure the Company is [...]
Foothills Exploration Inc. , an independent oil and gas exploration company engaged in the acquisition and development of oil and natural gas properties in the Rockies today announced that it closed on the acquisition of undeveloped oil and gas leases from an affiliate of American Shale Energy, LLC, as previously announced in the Company’s press release dated March 25, 2019. The acreage is located in Fremont County [...]
Foothills Exploration Inc. today announced that it has executed a memorandum of understanding for the acquisition of approximately 16,387 net acres of undeveloped oil and gas leases in the Wind River Basin in Wyoming. "We look forward to closing on our second transaction this year, which following acquisition will complement our existing portfolio," stated Kevin Sylla, Executive Chairman of Foothills." “This [...]
Foothills Exploration Inc. , an independent oil and gas exploration company engaged in the acquisition and development of oil and natural gas properties in the Rockies today announced that it has completed the acquisition of upstream assets located in the Greater Green River Basin from an undisclosed seller. The acquired assets are located in Wyoming and include 22 natural gas wells situated on approximately 18,214 gross [...]
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