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Basic Earth Science Systems, Inc. engages in the exploration, acquisition, development, operation, production, and sale of crude oil and natural gas in the United States. It focuses in the North Dakota and Montana portions of the Williston basin, the Denver-Julesburg basin of Colorado, the southern portions of Texas, and the onshore portions of the Gulf Coast. As of March 31, 2008, the company owned working interest in 90 producing oil wells and 14 producing gas wells in the states of North Dakota, Montana, Colorado, Texas, and Wyoming. Its estimated proved developed oil and gas reserves were 1,229,000 barrels of oil equivalent. The company was founded in 1969 and is based in Denver, Colorado.
Web Address |
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Phone |
303-296-3076 |
FAX |
303-773-8099 |
Contact |
Ray Singleton PR/CEO/CAO/TR |
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For the six months ended 30 September 2006, Basic Earth Science Systems, Inc.'s revenues increased 27% to $4M. Net income increased 26% to $1.5M. Revenues reflect increased sales volume of oil & natural gas. Net income was partially offset by higher accretion of asset retirement obligation expense, increased asset retirement expense, lower interest & other income and the presence of interest & other expense.
