Vaalco Energy Inc.
| Public company | |
| Traded as | : EGY |
| Industry | Petroleum industry |
| Founded | 1985 |
| Headquarters | Houston, Texas, United States |
|
Key people
|
Cary Bounds, CEO |
| Products |
Petroleum Natural gas |
|
Production output
|
3,800 barrels of oil equivalent (23,000 GJ) per day |
| Revenue |  US$127 million (2014) |
| -US$54 million (2014) |
|
| -US$78 million (2014) |
|
| Total assets | US$248 million (2014) |
| Total equity | US$180 million (2014) |
|
Number of employees
|
113, including 60 in Gabon (2014) |
| Website | www.vaalco.com/ |
VAALCO Energy, Inc., is a petroleum and natural gas exploration and production company headquartered in Houston, Texas with operations primarily in West Africa.
Of the company's 2014 production of 3,800 barrels of oil equivalent (23,000 GJ) per day, 97% was petroleum and 3% was natural gas.
97% of production was in Africa, while 3% of production was in the United States.
The Company’s primary source of revenue is from its 28.07% interest, via a production sharing contract, in operations in the 750,000 acre (3,000 km²) Etame Marin block, located offshore near Gabon, West Africa.
Other participants in the Etame Marin block are Addax Petroleum Etame Inc. (31.36%), Sasol Petroleum Etame Ltd. (27.75%), Sojitz Etame Ltd. (2.98%), PetroEnergy Resources Corp. (2.34%), and Tullow Oil Gabon SA (7.5%).
The company owns a lease with 2 producing wells in the Granite Wash formation in Texas and deep rights on a lease in Montana. However, due to low commodity prices, the company has stated it will not focus additional resources on domestic production.
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Wikipedia