Arete Industries Inc (ARET) Finansal

Arete Industries, Inc. engages in the acquisition and development of oil and natural gas reserves. The company is headquartered in Westminster, Colorado. The firm is engaged in the acquisition and development of oil and natural gas reserves through a program, which includes purchases of reserves, re-engineering, development and exploration activities primarily focused on Wyoming, Kansas, Colorado and Montana. The firm holds interest in the producing oil and gas leases located in Sumner County, Kansas and Kimball County, Nebraska. The company also owns a gas gathering system (pipeline and compressor station related assets) in Campbell County, Wyoming. The system consists of over 4.5 miles of eight-inch coated steel pipeline. The firm also acquires interests in traditional oil and gas ventures and seek properties that offer profit potential from overlooked and by-passed reserves of oil and natural gas, which may include shut-in wells, in-field development, stripper wells, re-completion and re-working projects.